Bitcoin Price Watch: Tight Trading Zone Suggests Volatility Spike Incoming

Key Points

1. Bitcoin is priced at $116,779 with a market cap of $2.32 trillion and a 24-hour trading volume of $38.10 billion.

2. The cryptocurrency has been trading within a narrow range of $116,112 to $117,596, signaling consolidation after recent price swings.

3. Key support levels are at $114,000–$115,000, while a break above $118,000 could lead to a push toward $120,000.

4. Technical indicators show mixed signals, with oscillators neutral but momentum and MACD flashing bearish signs.

5. Moving averages are mostly bullish, except for the 30-period SMA, which has turned bearish.