Bitcoin is currently trading at $107,551 with oversold RSI and below key moving averages, suggesting potential for a rebound from recent lows.
Current Market Position
BTC price has dropped to $107,551, below both the 20-day ($109,691) and 50-day ($110,027) simple moving averages. The RSI of 20 indicates oversold conditions, which often precedes price bounces.
Support and Resistance Levels
Recent local lows around $109,862 provide nearby support, while resistance sits near $110,540-$111,197 from recent peaks. The current price is testing lower support levels.
Trading Strategy
With oversold conditions and price near recent lows, consider buying on dips toward support. Set realistic profit targets near resistance levels to manage risk.
Risk Management
Always use stop-loss orders below key support levels. Crypto markets are volatile, so only invest what you can afford to lose and diversify your portfolio.
Beginner Recommendations
Advice: buy
Buy Price: 109000 USDT
Sell Price: 110500 USDT
Key metrics
| Price | 107551.2800 USDT |
| 24h Change | -2.60% |
| RSI(14) | 20.02 |
| SMA20 / SMA50 | 109691.49 / 110027.20 |
| Daily Volatility | 2.20% |
| 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.
