Bitcoin price analysis (Neutral) — 115700.47 USDT (-0.83% 24h)

Bitcoin is currently trading at $115,700, showing a slight decline of 0.83% over the past 24 hours. The price is hovering just above the 20-day SMA at $115,677, indicating near-term support, but remains below the 50-day SMA at $116,564, suggesting potential resistance overhead. The RSI at 54.98 is neutral, reflecting balanced momentum without extreme overbought or oversold conditions. Trading volume is robust at over $904 million, supporting active participation. Volatility is moderate at 1.05%, typical for consolidation phases. Given the mixed signals, I advise caution; consider setting buy orders near $115,000 for a bounce play, with stops below $114,500. For short-term traders, range-bound strategies between $115,500 and $116,500 could capitalize on minor fluctuations. Monitor for a breakout above the 50-day SMA for bullish confirmation.