Bitcoin is currently trading near $106,845 with neutral momentum. The price is consolidating between recent support and resistance levels, showing balanced buying and selling pressure.
Current Market Overview
BTC is at $106,845, down 0.09% in 24 hours. The RSI at 54 suggests neither overbought nor oversold conditions. Price is trading very close to both the 20-day ($106,994) and 50-day ($106,646) moving averages, indicating a balanced market.
Recent Price Action
Over the past two days, BTC has been trading in a range between approximately $104,531 (support) and $107,301 (resistance). The price has been bouncing between these levels without a clear breakout in either direction.
Trading Strategy
Given the consolidation pattern, consider buying near the recent support level of $104,531 and selling near the resistance level of $107,301. The current price is in the middle of this range, suggesting a hold position until clearer direction emerges.
Risk Management
Always use stop-loss orders to protect your investment. For this setup, consider placing stop-loss below $104,000 if buying, or above $107,500 if selling. Never invest more than you can afford to lose.
Beginner Recommendations
Advice: hold
Buy Price: 104531.35 USDT
Sell Price: 107301.4 USDT
Key metrics
| Price | 106844.9000 USDT |
| 24h Change | -0.09% |
| RSI(14) | 54.17 |
| SMA20 / SMA50 | 106994.43 / 106646.38 |
| Daily Volatility | 2.20% |
| 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.
