BTCUSDT.P 1D Time frameMarket Overview
Current Price: ~$112,380
Daily Change: Slight dip (around –0.3%)
Volatility: At multi-month lows, meaning the market is consolidating before a possible breakout.
📈 Key Levels
Immediate Resistance: $112,800 → price needs to clear this for upside continuation.
Next Resistance Zones: $114,000 → $116,000, and further up around $128,000.
Immediate Support: $111,000 → first cushion below current price.
Deeper Support: $110,000, then $107,800–108,000.
🔎 Technical Indicators
RSI (14-day): ~43 → Neutral, showing neither overbought nor oversold conditions.
MACD: Bullish crossover → suggests upward momentum is building.
Stochastic Oscillator: Near oversold → possible short-term bounce.
🧭 Outlook
Bullish Case: A sustained breakout above $114,000 could open a rally toward $128,000.
Sideways Case: Holding between $111,000 and $113,000 keeps Bitcoin in consolidation.
Bearish Case: A break below $110,000 could trigger a move toward $108,000 or even $102,000.
Overall Bias: Moderately bullish, but the market is in a tight range and waiting for a breakout.
