Bitcoin is currently trading near $110,965 with mixed signals. The price is slightly below key moving averages and RSI is neutral at 53. Recent price action shows consolidation between support and resistance levels.
Current Market Position
BTC is trading just below its 20-day and 50-day moving averages, suggesting short-term weakness. The RSI at 53 indicates neither overbought nor oversold conditions.
Price Levels to Watch
Recent local lows around $110,431 provide support, while resistance sits near $113,212. The price has been bouncing between these levels in recent hours.
Trading Strategy
Consider buying near support levels for potential bounce plays. Look to take profits near resistance if the price approaches those levels. Always use stop losses to manage risk.
Beginner Recommendations
Advice: hold
Buy Price: 110431.27 USDT
Sell Price: 113211.87 USDT
Key metrics
| Price | 110965.4900 USDT |
| 24h Change | -1.13% |
| RSI(14) | 53.06 |
| SMA20 / SMA50 | 111118.20 / 111817.10 |
| Daily Volatility | 2.49% |
| 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.
