Bitcoin is currently trading at $118,468 with positive momentum. The price is above key moving averages and RSI shows moderate strength. Recent price action suggests potential for continued upward movement with defined support and resistance levels.
Current Market Position
Bitcoin price is $118,468, up 3.45% in 24 hours. It’s trading above both the 20-day ($117,758) and 50-day ($115,532) moving averages, indicating bullish momentum.
RSI Indicator
The RSI is at 63, which is in the moderate bullish range. This suggests the asset has room to move higher before becoming overbought (above 70).
Support and Resistance Levels
Recent local lows around $112,800 provide strong support. The recent high near $114,626 has been broken, suggesting the next resistance may form around $120,000.
Trading Strategy
Consider buying near support levels around $113,000 and selling near resistance around $120,000. Always use stop-loss orders to manage risk.
Beginner Recommendations
Advice: hold
Buy Price: 113000 USDT
Sell Price: 120000 USDT
Key metrics
| Price | 118468.5800 USDT |
| 24h Change | 3.45% |
| RSI(14) | 63.12 |
| SMA20 / SMA50 | 117758.30 / 115532.36 |
| Daily Volatility | 1.59% |
| 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.
