Bitcoin is currently in a downtrend with oversold conditions, suggesting potential for a short-term bounce. Current price is below key moving averages, indicating bearish momentum.
Current Market Situation
Bitcoin price is $112,216, down 7.77% in 24 hours. The RSI at 25 shows oversold conditions, which often precedes a price bounce.
Technical Indicators
Price is below both 20-day ($115,746) and 50-day ($119,213) moving averages, confirming the downtrend. Recent high volume during the drop suggests strong selling pressure.
Buy and Sell Strategy
Consider buying near recent support at $111,095 (local minimum) and selling near resistance at $121,745 (local maximum). Always use stop-loss orders to manage risk.
Risk Management
Cryptocurrency markets are volatile. Only invest what you can afford to lose. This analysis is for educational purposes and not financial advice.
Beginner Recommendations
Advice: hold
Buy Price: 111095.37 USDT
Sell Price: 121745.27 USDT
Key metrics
| Price | 112216.2700 USDT |
| 24h Change | -7.77% |
| RSI(14) | 25.00 |
| SMA20 / SMA50 | 115746.40 / 119213.11 |
| Daily Volatility | 2.34% |
| Sentiment | Bearish |
| Risk level | High |
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.
