Bitcoin price analysis (Neutral) — 113898.50 USDT (+0.52% 24h)

Bitcoin is trading at $113,898.50, showing modest strength with a 0.52% gain over the past 24 hours. The price is hovering just below the 20-day SMA at $113,944.78, indicating potential resistance at this level, while remaining above the 50-day SMA at $112,805.75, which provides underlying support. The RSI reading of 50.48 suggests a neutral momentum with no immediate overbought or oversold conditions. Volume remains robust at over $1.8 billion, supporting the current price action. Given the tight range between the SMAs and moderate volatility, I expect consolidation in the near term. Traders might consider range-bound strategies, with buys near $112,800 support and sells approaching $114,000 resistance. A breakout above $114,500 could signal further upside momentum.