Bitcoin is currently trading at $121,179 with a slight 2.6% decline over the past day. The price is below both short and medium-term moving averages, indicating potential weakness, but RSI suggests the asset is neither overbought nor oversold. Recent price action shows support around $120,895 and resistance near $124,918.
Current Market Position
Bitcoin’s current price sits below its 20-day and 50-day moving averages, which often act as dynamic support and resistance levels. The RSI reading of 45 suggests neutral momentum – not in extreme territory.
Support and Resistance Levels
The recent local low of $120,895 provides a clear support level where buying interest may emerge. On the upside, $124,918 represents a recent resistance point where selling pressure has previously increased.
Trading Strategy
Given the current price position between support and resistance, a cautious approach is recommended. Consider buying near support levels and selling near resistance for short-term trades.
Risk Management
Always use stop-loss orders to protect your capital. The medium risk level reflects Bitcoin’s typical volatility and the current uncertain market direction.
Beginner Recommendations
Advice: hold
Buy Price: 120895 USDT
Sell Price: 124918 USDT
Key metrics
| Price | 121179.0200 USDT |
| 24h Change | -2.64% |
| RSI(14) | 45.20 |
| SMA20 / SMA50 | 122111.43 / 123547.17 |
| Daily Volatility | 1.77% |
| Sentiment | Neutral |
| Risk level | Medium |
Disclaimer: this material is for educational purposes only and does not constitute financial advice. Cryptocurrencies are highly volatile; always assess your own risk, investment horizon, and do your own research.
