Bitcoin is showing steady upward momentum with moderate RSI levels. Current price is near recent highs, suggesting potential for both continuation and pullback opportunities.
Current Market Overview
Bitcoin is trading at $113,867, up 1.88% in 24 hours. The RSI at 57 indicates neither overbought nor oversold conditions, suggesting balanced momentum.
Price Action Analysis
Recent price history shows a clear uptrend from $109,314 (local low) to $114,525 (local high). The price has been consolidating near current levels after the recent push higher.
Support and Resistance Levels
Key support sits around $111,633 (recent local low), while resistance is near $114,526 (recent local high). These levels provide logical entry and exit points.
Moving Average Context
Price is trading very close to both the 20-day SMA ($113,890) and 50-day SMA ($112,011), indicating the market is in equilibrium between short and medium-term trends.
Trading Strategy
Consider buying near support at $111,600 for potential upside to resistance at $114,500. Current levels suggest waiting for better entry prices rather than chasing the move.
Beginner Recommendations
Advice: hold
Buy Price: 111600 USDT
Sell Price: 114500 USDT
Key metrics
| Price | 113867.3700 USDT |
| 24h Change | 1.88% |
| RSI(14) | 56.68 |
| SMA20 / SMA50 | 113890.07 / 112011.50 |
| Daily Volatility | 1.48% |
| 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.
