Bitcoin price analysis (Bullish) — 111464.35 USDT (+1.09% 24h)

Bitcoin continues to consolidate above the $111,000 level, showing modest gains of 1.09% over the past 24 hours. The current price sits comfortably above both the 20-day SMA ($110,349) and 50-day SMA ($109,159), indicating underlying bullish momentum remains intact. Trading volume of $1.8 billion suggests healthy participation, though not at explosive levels. The RSI reading of 52.8 sits in neutral territory, giving Bitcoin room to run in either direction without immediate overbought or oversold concerns. Volatility remains moderate at 2.44%, typical for Bitcoin during consolidation phases. Traders should watch for a decisive break above $112,000 for confirmation of renewed upward momentum, with support holding firm at the $109,000 level. Position sizing remains crucial given Bitcoin’s inherent volatility, and traders might consider scaling into positions on any dips toward the 50-day SMA.