Sentiment: Bullish
Bitcoin is currently trading at $88,003.97, showing modest 24-hour gains of 1.29% while maintaining position above key moving averages. The current price sits above both the 20-day SMA ($87,818) and 50-day SMA ($87,205), indicating underlying bullish momentum despite the RSI reading of 45.39 suggesting neutral territory. Trading volume remains robust at $1.9 billion, supporting the current price action. The 3.36% volatility reading suggests relatively stable conditions for Bitcoin. Traders should watch for sustained closes above $88,000 to confirm bullish continuation, with the next resistance likely around $90,000. Support holds at the 20-day SMA level. Current positioning suggests accumulation phases may be underway, making dips toward $87,500 potential buying opportunities for swing traders. Risk management remains crucial given crypto’s inherent volatility.
Key Metrics
| Price | 88003.9700 USDT |
| 24h Change | 1.28% |
| 24h Volume | 1903790144.57 |
| RSI(14) | 45.39 |
| SMA20 / SMA50 | 87818.18 / 87205.38 |
| Daily Volatility | 3.36% |
Bitcoin — 1h candles, 7D window (SMA20/SMA50, RSI).
