Bitcoin is currently trading at $112,235 with a slight downtrend. The RSI is neutral, and price is between key support and resistance levels. Consider buying near support and selling near resistance.
Current Market Overview
BTC is at $112,235, down 0.33% in 24 hours. The price is below both 20-day and 50-day moving averages, suggesting short-term weakness.
Key Support and Resistance
Recent support (local_min) is around $110,623, while resistance (local_max) is near $115,713. These levels help identify potential buy and sell zones.
RSI and Momentum
RSI at 48.6 is neutral, neither overbought nor oversold. This indicates the market is balanced with no strong momentum in either direction.
Trading Strategy
Buy near support at $110,600 if price drops, and sell near resistance at $115,700 if it rises. Always use stop-loss orders to manage risk.
Beginner Recommendations
Advice: hold
Buy Price: 110600 USDT
Sell Price: 115700 USDT
Key metrics
| Price | 112235.7600 USDT |
| 24h Change | -0.33% |
| RSI(14) | 48.60 |
| SMA20 / SMA50 | 112399.33 / 113456.20 |
| Daily Volatility | 2.54% |
| 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.
