Bitcoin price analysis (Bullish) — 115732.85 USDT (+0.02% 24h)

Bitcoin is currently trading at $115,732.85, showing modest strength with a 1.6% gain over the past 24 hours. The price is hovering just below the 20-day SMA at $115,800, indicating potential resistance at this level, while remaining above the 50-day SMA at $115,717, which provides near-term support. The RSI reading of 65.5 suggests bullish momentum but is approaching overbought territory, signaling caution for immediate entries. Volume remains healthy at $785 million, supporting the current price action. Given the moderate volatility of 1.19%, I recommend waiting for a clear break above the 20-day SMA with volume confirmation before adding long positions. Alternatively, a pullback to the $115,200-$115,500 zone could present a better risk-reward buying opportunity. Maintain tight stops if trading this range.