Berachain/Bitcoin Market Overview: Volatility and Key Resistance Tested

Summary
• Price action shows a 0.16% range (1.54e-05 to 1.58e-05) amid mixed sentiment.
• Volume surged post-18:30 ET, with a 558.838 BTC turnover candle.
• A bearish reversal is likely if support at 1.55e-05 breaks.

Berachain/Bitcoin (BERABTC) traded in a 24-hour range of $1.538e-05 to $1.583e-05 as of 12:00 ET on 2025-11-13. The pair opened at $1.544e-05 and closed at $1.546e-05. Total traded volume amounted to 10,775.59 BTC, with notional turnover reaching $1.68 (assuming $1.55e-05 average). The session featured multiple attempts to break through 1.58e-05 but failed, suggesting resistance remains intact.

Key support and resistance levels are forming at 1.55e-05 and 1.58e-05, respectively. A bullish engulfing pattern was visible near 1.55e-05, but it failed to follow through. The 20-period EMA on the 15-minute chart is at 1.556e-05, and the 50-period EMA at 1.554e-05, both below the current price, indicating some short-term bearish bias. Daily moving averages (50, 100, 200) show a more neutral stance, with BERABTC hovering near the 50-day MA.

The RSI stood at 52, suggesting neutral momentum, while MACD remained in the zero line, pointing to a potential consolidation phase. Bollinger Bands show mild expansion in volatility, with price recently touching the upper band during a 1.583e-05 high. Price has remained within the bands for most of the session, indicating bounded action without a clear breakout. Fibonacci retracements at 61.8% of the 1.54e-05 to 1.58e-05 swing currently sit at 1.564e-05—price appears to have stalled around this level.

The backtesting strategy described focuses on a Bullish Engulfing pattern as a long-entry signal with a 3-day hold. Given BERABTC’s recent 15-minute chart patterns, such as a failed engulfing at 1.55e-05 and multiple failed breakouts, a similar approach might yield mixed results. A potential entry point could be 1.54e-05 with a target at 1.56e-05 and a stop at 1.53e-05. However, the low RSI and lack of strong MACD divergence suggest overbought conditions may not yet be in place. This pattern-based strategy aligns with key support and resistance levels identified in the current session.