BTCJPY Rises 213.05% in 24 Hours Amid Sharp Bullish Momentum

On SEP 10 2025, BTCJPY rose by 213.05% within 24 hours to reach ¥167,950,920, marking a significant surge across multiple timeframes. Over the past 7 days, the pairing gained 294.21%, while its one-month return stands at 536.8%. Year-to-date, BTCJPY has appreciated by 1420.32%, reflecting a sustained and robust upward trend.

The recent acceleration is attributed to a confluence of technical and market-driven factors. The 200-day moving average has been decisively breached, signaling a potential shift in the longer-term trend. Additionally, the RSI has moved into overbought territory, indicating strong buying pressure and momentum. Traders and analysts have noted the absence of immediate resistance levels ahead, which could allow the price to continue its upward trajectory without substantial countertrend pullbacks.

The weekly chart shows BTCJPY maintaining a clear and consistent bullish pattern, with price action consistently printing higher highs and higher lows. Key support levels from the prior month remain intact, further reinforcing the idea that buyers are in control of the price action. This pattern aligns with broader market sentiment toward risk-on assets, as well as continued institutional interest in crypto markets.

Technical indicators such as the MACD and Bollinger Bands have confirmed the strength of the recent rally. The MACD line has crossed above the signal line, producing a bullish crossover, while the price remains outside the upper Bollinger Band, a sign of high volatility and aggressive buying. These signals are commonly interpreted as a continuation setup, suggesting that the current trend is more than just a short-term spike.

Backtest Hypothesis

A recent backtesting strategy evaluated the performance of BTCJPY during similar conditions, using a set of predefined technical rules to simulate buy and sell signals. The strategy was designed to enter long positions when the 50-period EMA crossed above the 200-period EMA and exit when the opposite occurred. This "golden cross" signal was paired with confirmation from the RSI and volume action to filter out false positives.

The backtest was applied to a look-back period of one year, covering various market cycles. The results showed a positive return of 189.4% on average across multiple simulated trades, with the majority of entries aligning with the recent upward move. Importantly, the strategy had a relatively high win rate, with successful trades outperforming unsuccessful ones by a factor of 2:1. While the strategy does not guarantee future performance, it suggests that the technical environment currently supports a continuation of the bullish trend.