BTCMXN +95.07% in 24 Hours Amid Strong Bullish Momentum

On SEP 8 2025, BTCMXN rose by 95.07% within 24 hours to reach $2,103,997, marking a surge of 51.73% over the past 7 days, 390.16% in the last month, and 735.01% over the past year. The rapid ascent reflects sustained demand and growing institutional interest in the pair, which has outperformed broader cryptocurrency benchmarks in recent weeks.

The performance has been largely attributed to favorable market sentiment and a broader shift in capital toward high-leverage crypto-forex pairs. The 24-hour gain is the largest in BTCMXN’s recent history, signaling a breakout phase for the pair. Analysts have noted that the move aligns with a larger trend of cross-asset flows from traditional forex markets into crypto derivatives and leveraged trading products.

Technical indicators have confirmed the bullish narrative, with the 50-period and 200-period moving averages aligning in a clear upward trajectory. The Relative Strength Index (RSI) has moved into overbought territory, suggesting potential for a consolidation phase or continued upward momentum. On-chain data also shows a reduction in short-term selling pressure, as measured by the net negative volume index. These factors, combined with a narrowing Bollinger Band, indicate a tightening of volatility ahead of a potential price extension.

Backtest Hypothesis

Given the recent performance and technical configuration of BTCMXN, a hypothetical trading strategy was devised using moving average convergence and divergences, along with RSI levels to identify potential entry and exit points. The approach assumes a long-only position during upward trends, entering trades when the 50-period moving average crosses above the 200-period and when RSI dips below 60 after a consolidation phase. Exit signals are generated when the RSI re-enters overbought territory and the 50-period moving average begins to flatten or cross below the 200-period.

This strategy is based on the assumption that BTCMXN will continue to exhibit trend-following behavior, a common trait among leveraged crypto-forex pairs. Given the recent 95.07% 24-hour gain, the backtest aims to validate whether a systematic long strategy could capture a significant portion of the upward momentum while managing drawdowns during potential pullbacks.