Sentiment: Neutral
Bitcoin is currently trading at $111,692, showing modest consolidation after recent volatility. The -0.68% 24-hour decline suggests temporary profit-taking rather than significant bearish momentum. Technical indicators present a mixed picture – the RSI at 56.42 sits in neutral territory, indicating neither overbought nor oversold conditions. The price hovering between the 20-day SMA ($111,142) and 50-day SMA ($111,815) suggests Bitcoin is at a critical inflection point. Trading volume remains robust at $2.4 billion, supporting current price levels. Volatility at 2.5% reflects typical market conditions for BTC. Traders should watch for a decisive break above the 50-day SMA for bullish confirmation, with support around $110,000. Consider scaling into positions on dips toward support levels, while maintaining tight stop-losses given the current indecision in the market.
Key Metrics
| Price | 111691.9400 USDT |
| 24h Change | -0.68% |
| 24h Volume | 2412428790.42 |
| RSI(14) | 56.42 |
| SMA20 / SMA50 | 111141.91 / 111814.83 |
| Daily Volatility | 2.50% |
Bitcoin — 1h candles, 7D window (SMA20/SMA50, RSI).
