Bitcoin is currently trading at $114,785 with a 2.7% daily gain. The price is above key moving averages and RSI shows balanced momentum. Recent price action suggests consolidation with clear support and resistance levels.
Current Market Position
BTC is trading above both the 20-day ($114,090) and 50-day ($112,477) simple moving averages, indicating short-term bullish momentum. The RSI at 59 suggests neither overbought nor oversold conditions.
Support and Resistance Levels
Recent local lows around $109,640 provide strong support, while resistance sits near $115,710 from recent highs. The price has been bouncing between these levels.
Trading Strategy
Consider buying near support levels for potential upside. Current price is closer to resistance, so waiting for pullbacks may offer better entry points. Always use stop-loss orders to manage risk.
Beginner Recommendations
Advice: hold
Buy Price: 110000 USDT
Sell Price: 115700 USDT
Key metrics
| Price | 114784.9300 USDT |
| 24h Change | 2.73% |
| RSI(14) | 58.78 |
| SMA20 / SMA50 | 114089.64 / 112477.49 |
| Daily Volatility | 2.46% |
| 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.
