Bitcoin is currently trading near $109,000 with mixed signals. The price is slightly above key moving averages but facing resistance. Recent volatility suggests caution for new buyers.
Current Market Position
BTC is trading at $109,020, up 0.89% in 24 hours. It’s above the 20-day average ($108,135) but below the 50-day average ($108,771), showing neutral momentum.
RSI Indicator
The RSI is at 61.65, which is in the neutral zone. This means Bitcoin isn’t overbought or oversold, giving no strong buy or sell signal.
Support and Resistance
Recent lows around $107,200 provide support, while highs near $113,400 act as resistance. The price is currently between these levels.
Trading Strategy
Consider buying near support at $107,200 if the price dips. Sell near resistance at $113,400 if the price rises. Always use stop-loss orders to manage risk.
Beginner Recommendations
Advice: hold
Buy Price: 107200 USDT
Sell Price: 113400 USDT
Key metrics
| Price | 109019.9900 USDT |
| 24h Change | 0.89% |
| RSI(14) | 61.65 |
| SMA20 / SMA50 | 108135.11 / 108771.34 |
| Daily Volatility | 2.61% |
| 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.
