Bitcoin is currently trading near its short-term moving average with RSI showing slight overbought conditions. Recent price action shows consolidation after a pullback from recent highs.
Current Market Position
BTC is trading at $102,299, slightly above the 20-day moving average but below the 50-day average. The RSI at 69.6 suggests it’s approaching overbought territory, which often precedes a pullback.
Support and Resistance Levels
Key support sits around $100,867 (recent local minimum) while resistance is near $104,347 (recent local maximum). These levels provide good reference points for entry and exit decisions.
Trading Strategy
Consider buying near support levels around $101,000 and selling near resistance around $104,000. The current price is in the middle of this range, making it better to wait for clearer signals.
Beginner Recommendations
Advice: hold
Buy Price: 101000 USDT
Sell Price: 104000 USDT
Key metrics
| Price | 102299.7400 USDT |
| 24h Change | -0.76% |
| RSI(14) | 69.65 |
| SMA20 / SMA50 | 101871.41 / 102624.20 |
| Daily Volatility | 2.42% |
| 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.
