Bitcoin price analysis (Neutral) — 111366.44 USDT (-0.09% 24h)

Bitcoin continues to trade in a tight range around $111,366, showing remarkable stability despite a minor 0.09% pullback over the past 24 hours. The current price sits comfortably above both the 20-day SMA ($110,874) and 50-day SMA ($110,516), indicating underlying strength in the medium-term trend. However, the RSI reading of 79.65 flashes a strong overbought signal, suggesting the rally may be due for a cooling period. Trading volume remains robust at $1.48 billion, providing sufficient liquidity for current levels. The 2.29% volatility reading indicates relatively calm market conditions compared to Bitcoin’s typical swings. Traders should consider taking partial profits at these elevated levels while maintaining core positions. Watch for a break below $110,500 as a potential signal for deeper correction, while sustained moves above $112,000 could signal renewed bullish momentum. Position sizing should remain conservative given the overbought technical conditions.