Bitcoin is currently trading at $108,057 with oversold RSI and recent volatility. Price is below key moving averages, suggesting caution. Recent local lows and highs provide clear entry and exit levels.
Current Market Overview
BTC is at $108,057, down 0.39% in 24 hours. The RSI of 13.7 indicates extreme oversold conditions, which sometimes precedes a bounce. Price is below both 20-day ($109,814) and 50-day ($109,955) moving averages, showing short-term weakness.
Price Action Analysis
Recent history shows volatility with a sharp drop to $107,537 (local low) followed by a rally to $113,422 (local high). Current price is near recent support levels, making this a potential buying zone for short-term traders.
Trading Strategy
With oversold RSI and price near support, consider buying at recent local lows around $107,500. For selling, target recent resistance near $113,400. Always use stop-loss orders to manage risk.
Beginner Recommendations
Advice: buy
Buy Price: 107500 USDT
Sell Price: 113400 USDT
Key metrics
| Price | 108057.8300 USDT |
| 24h Change | 0.39% |
| RSI(14) | 13.70 |
| SMA20 / SMA50 | 109814.39 / 109955.90 |
| Daily Volatility | 2.64% |
| 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.
