Bitcoin is currently trading at $109,600 with mixed signals. The price is below key moving averages but showing some recovery from recent lows. RSI indicates neutral momentum. Based on recent support and resistance levels, here are realistic entry and exit points.
Current Market Position
BTC is trading at $109,600, down 0.5% in 24 hours. It’s currently between the 20-day average ($108,450) and 50-day average ($110,284), suggesting a consolidation phase.
Key Support and Resistance
Recent local lows show strong support around $106,500. Recent highs indicate resistance near $111,400. These levels help identify where price might reverse.
Trading Strategy
With RSI at 60 (neutral) and price recovering from lows, consider buying near support levels and selling near resistance. Always use stop-losses to manage risk.
Beginner Recommendations
Advice: hold
Buy Price: 106500 USDT
Sell Price: 111400 USDT
Key metrics
| Price | 109600.0000 USDT |
| 24h Change | -0.51% |
| RSI(14) | 60.15 |
| SMA20 / SMA50 | 108449.65 / 110283.93 |
| Daily Volatility | 2.10% |
| 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.
