Bitcoin is currently trading at $111,660 with a slight 24-hour decline. The RSI indicates oversold conditions, suggesting potential for a rebound. Prices are near recent lows, offering a buying opportunity with defined risk levels.
Current Market Overview
BTC is priced at $111,660, down 0.98% in 24 hours. The RSI is extremely low at 13.2, which often signals an oversold market. This means selling pressure may be exhausted, and a price recovery could be near.
Key Support and Resistance
Recent local lows around $111,655 act as strong support—a price level where buying interest increases. Resistance is near $113,761, where selling pressure has previously emerged. These levels help set realistic entry and exit points.
Trading Strategy
With the price near support and RSI oversold, consider buying around $111,700. Aim to sell near $113,700 if the price rebounds. Always use stop-loss orders to manage risk, especially in volatile markets.
Beginner Recommendations
Advice: buy
Buy Price: 111700 USDT
Sell Price: 113700 USDT
Key metrics
| Price | 111660.4700 USDT |
| 24h Change | -0.98% |
| RSI(14) | 13.19 |
| SMA20 / SMA50 | 113017.58 / 112716.04 |
| Daily Volatility | 1.12% |
| Sentiment | Bullish |
| 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.
