Bitcoin price analysis (Neutral) — 111691.84 USDT (-0.32% 24h)

Bitcoin is currently trading at $111,692, showing modest consolidation after recent volatility. The -0.32% 24-hour decline suggests temporary profit-taking rather than significant bearish momentum. Technically, BTC sits just above the 20-day SMA at $111,263 but remains below the 50-day SMA at $114,090, indicating mixed short-term signals. The RSI reading of 47.4 sits in neutral territory, neither overbought nor oversold, suggesting room for movement in either direction. Trading volume remains healthy at nearly $3 billion, supporting current price levels. The 2.43% volatility reading indicates relatively stable conditions compared to Bitcoin’s typical swings. For traders, consider accumulating on dips toward the $110,000 support level with tight stops below $108,500. Resistance around $114,000-115,000 appears formidable given the 50-day SMA convergence. Position sizing should remain conservative until a clear breakout above $115,000 or breakdown below $108,000 materializes.