Bitcoin price analysis (Neutral) — 103358.49 USDT (-1.79% 24h)

Bitcoin is currently trading at $103,358, showing slight consolidation after a 1.8% pullback over the past 24 hours. The price is hovering just below the 20-day SMA at $103,383 while remaining significantly under the 50-day SMA at $104,812, indicating potential resistance overhead. With RSI at 50.43, BTC sits in neutral territory, suggesting neither overbought nor oversold conditions. The 24-hour volume of $2.16 billion demonstrates healthy market participation despite the minor correction. Current volatility of 2.04% reflects typical market conditions for Bitcoin. Traders should watch for a decisive break above the 20-day SMA as a potential bullish signal, while failure to hold $103,000 could trigger further downside toward $102,500 support. Position sizing should remain conservative until clearer directional momentum emerges.