Bitcoin price analysis (Bullish) — 115221.23 USDT (+3.16% 24h)

Bitcoin continues to show impressive momentum, trading at $115,221 with a solid 3.16% gain over the past 24 hours. The current price sits comfortably above both the 20-day SMA ($114,280) and 50-day SMA ($112,542), indicating sustained bullish pressure. With RSI at 66.75, BTC is approaching overbought territory but hasn’t yet reached extreme levels that would signal an immediate reversal. The substantial $3.63 billion in 24-hour trading volume confirms strong institutional and retail participation in this move. Volatility remains elevated at 2.46%, suggesting traders should position size accordingly. For active traders, consider buying dips toward the $114,000 support level with stops below $112,500. Longer-term investors might wait for a potential pullback to the $112,500-$113,000 zone before adding exposure. The key resistance to watch remains around $116,000, where previous local highs could trigger profit-taking.