Bitcoin is currently trading at $113,780 with oversold RSI levels, suggesting potential for a bounce. Recent price action shows consolidation between support and resistance levels.
Current Market Position
BTC is trading near recent lows with an RSI of 25.6, which indicates oversold conditions. The price is slightly below both the 20-day and 50-day moving averages.
Support and Resistance Levels
Key support levels are around $114,810 and $113,320 based on recent local lows. Resistance is found near $115,706 and $116,053 from recent highs.
Trading Strategy
With oversold conditions and price near support, this could be a good entry point for buying. Set a stop loss below the nearest support level to manage risk.
Risk Management
Always use proper position sizing and never invest more than you can afford to lose. Crypto markets are volatile and prices can move quickly in either direction.
Beginner Recommendations
Advice: buy
Buy Price: 113320.8 USDT
Sell Price: 115706.06 USDT
Key metrics
| Price | 113780.6100 USDT |
| 24h Change | -1.43% |
| RSI(14) | 25.64 |
| SMA20 / SMA50 | 114576.02 / 114186.64 |
| Daily Volatility | 2.17% |
| Sentiment | Bullish |
| 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.
