Bitcoin price analysis (Neutral) — 112460.47 USDT (+0.43% 24h)

Bitcoin is currently trading at $112,460, showing modest 0.43% gains over the past 24 hours as the flagship cryptocurrency consolidates near critical technical levels. The current price sits just below the 20-day SMA at $112,468, while remaining well under the 50-day SMA at $113,418, indicating potential resistance overhead. With RSI at 44.17, BTC remains in neutral territory with room for upward movement before reaching overbought conditions. The 24-hour trading volume of $3.3 billion suggests healthy market participation, though volatility remains elevated at 2.52%. Traders should watch for a decisive break above the 20-day SMA, which could signal renewed bullish momentum toward the $114,000-$115,000 resistance zone. Support appears firm around $111,500, with a break below potentially testing the $110,000 psychological level. Position sizing remains crucial given the elevated volatility environment.