Bitcoin price analysis (Bullish) — 115078.54 USDT (+0.98% 24h)

Bitcoin is showing strong momentum, trading at $115,078 with a nearly 1% gain over the past 24 hours. The price is currently positioned above both the 20-day SMA ($114,960) and 50-day SMA ($114,218), indicating bullish near-term and medium-term trends. The RSI reading of 60.43 suggests healthy momentum without being overbought, leaving room for further upside. The substantial 24-hour volume of $1.84 billion confirms genuine institutional and retail interest at these levels. Given the current technical setup and positive price action, I recommend considering long positions with a stop-loss below $114,000. Watch for a breakout above $116,000 for confirmation of continued upward movement. The moderate volatility of 1.53% suggests controlled price action rather than erratic swings.