Bitcoin is currently trading at $122,418 with a 2% daily gain. The price is slightly above both 20-day and 50-day moving averages, suggesting moderate bullish momentum. RSI at 48 indicates neither overbought nor oversold conditions.
Current Market Position
BTC is trading above its key moving averages (SMA20: $121,951, SMA50: $120,609), which typically acts as support levels. The RSI at 48 suggests balanced buying and selling pressure.
Recent Price Action
The price has been consolidating between $119,640 and $122,660 over the past few days. Recent volume spikes accompanied price moves above $122,000, indicating increased trader interest.
Support and Resistance Levels
Key support is around $119,640 (recent local minimum), while resistance sits near $122,660 (recent local maximum). These levels represent potential buy and sell zones.
Trading Strategy
Consider buying near support at $119,700 and selling near resistance at $122,600. Always use stop-loss orders to manage risk in volatile crypto markets.
Beginner Recommendations
Advice: hold
Buy Price: 119700 USDT
Sell Price: 122600 USDT
Key metrics
| Price | 122418.5100 USDT |
| 24h Change | 2.08% |
| RSI(14) | 47.74 |
| SMA20 / SMA50 | 121951.63 / 120609.13 |
| Daily Volatility | 1.43% |
| 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.
