Bitcoin is currently trading at $111,737 with a slight 0.43% decline over 24 hours. The price has been in a downtrend from recent highs around $121,000, finding support near $109,600. RSI at 49 suggests neutral momentum, while price sits between the 20-day and 50-day moving averages.
Current Market Situation
BTC is trading at $111,737 after falling from recent highs above $121,000. The 24-hour change is -0.43%, showing mild bearish pressure. Volume has been moderate, indicating normal market activity.
Technical Indicators
RSI at 49 is neutral, neither overbought nor oversold. The current price is slightly above the 20-day SMA ($111,295) but below the 50-day SMA ($114,289), suggesting mixed short-term signals.
Support and Resistance Levels
Recent local lows around $109,600 provide strong support, while resistance sits near $112,380 from recent highs. The price has bounced from the $109,600 level multiple times, confirming it as a key support zone.
Trading Strategy
Consider buying near support at $110,000 and selling near resistance at $112,400. The current price is closer to support than resistance, making it a potential buying opportunity with defined risk management.
Risk Management
Always use stop-loss orders below support levels. Only invest what you can afford to lose, as cryptocurrency markets can be highly volatile. Consider dollar-cost averaging to reduce timing risk.
Beginner Recommendations
Advice: buy
Buy Price: 110000 USDT
Sell Price: 112400 USDT
Key metrics
| Price | 111737.5000 USDT |
| 24h Change | -0.43% |
| RSI(14) | 49.13 |
| SMA20 / SMA50 | 111295.13 / 114289.35 |
| Daily Volatility | 2.43% |
| 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.
