Bitcoin price analysis (Bullish) — 113998.08 USDT (+1.45% 24h)

Bitcoin is showing resilience above the $113,900 level with a modest 1.45% gain over the past 24 hours. The current price of $113,998 is trading slightly above both the 20-day SMA ($113,927) and 50-day SMA ($112,760), indicating near-term bullish momentum. The RSI at 60.32 suggests healthy buying pressure without being overbought. Volume remains robust at $1.8 billion, supporting the current price action. However, the elevated volatility at 1.64% warrants caution. Traders should consider accumulating on any dips toward the $112,700 support level while maintaining tight stop-losses below $112,000. The overall structure suggests potential for a test of $115,000 if momentum continues.