Market Overview for Bitcoin/Argentine Peso (BTCARS) – 24-Hour Analysis

• BTCARS opened at 184,648,243 and closed at 183,584,748 with a high of 187,299,982 and a low of 182,527,378.
• Price action showed a bearish trend, with a pullback following a short-term bullish attempt.
• Volatility surged mid-day but faded as volume waned late into the session.
• A key resistance cluster forms around 185,717,899–186,524,205, while support may be found near 183,319,881.
• RSI indicated overbought conditions in the morning but moved into neutral to oversold territory by the session’s close.

Bitcoin/Argentine Peso (BTCARS) opened at 184,648,243 on October 2, 2025 at 12:00 ET and closed at 183,584,748 on October 3 at the same time. The 24-hour range reached a high of 187,299,982 and a low of 182,527,378. Total volume traded was approximately 1.53 BTC, with a notional turnover of ~272.33 million Argentine Pesos.

The session was marked by volatile swings, with a key bearish breakdown occurring after a brief attempt to retest the 185,717,899–186,524,205 resistance zone. A large-bodied bearish candle in the early session confirmed the shift in sentiment. A series of lower highs and lower closes in the latter half of the session reinforced the bearish momentum.

On the 15-minute chart, the 20-period moving average crossed below the 50-period moving average, suggesting a short-term bearish bias. The 50-period daily moving average remains above the current price, indicating that the pair is still in a broader bearish phase from a multi-day perspective. A breakdown below the 183,319,881 level could trigger further downside toward 182,500,000.

The MACD showed a bearish crossover with a negative histogram, reinforcing the weakening bullish momentum. RSI moved from overbought levels in the morning into oversold territory by the close, suggesting exhaustion among bears. However, given the bearish breakdown, a consolidation in the 183,319,881–183,850,045 range is expected before any meaningful reversal could occur.

Bollinger Bands highlighted volatility expansion during the early part of the session, particularly between 16:00–18:30 ET, with the price touching the upper band multiple times. After the breakdown, volatility contracted, and the price settled near the lower Bollinger Band, indicating a continuation of the bearish trend. A retest of the upper band could signal indecision, but a sustained break above it would require a clear increase in volume and bullish conviction.

The volume profile showed a spike early in the session and again in the late afternoon, with a waning volume observed in the final hours of trading. The notional turnover also declined sharply after 03:00 ET, which may indicate fading interest. However, the price and volume did not show a clear divergence, so the bearish trend appears to be supported by fundamentals.

Fibonacci retracement levels on the 15-minute swing from 184,648,243 to 187,299,982 showed key resistance levels at 61.8% (186,255,049) and 78.6% (186,891,264). The price failed to hold these levels and instead broke below the 50% retracement at 185,717,899. On the daily scale, a 61.8% retracement from the prior swing high is near 183,850,045, which could serve as a potential support cluster in the coming 24 hours.

Backtest Hypothesis

Given the current setup and confirmed breakdown, a potential backtesting strategy could focus on a short entry on a close below the 183,319,881 level, with a stop just above the 183,850,045 Fibonacci retracement level and a target aligned with the next major support at 182,500,000. This setup would leverage the bearish momentum confirmed by the MACD crossover and the breakdown of key support levels. A long entry could be considered on a retest of the 183,850,045 level with a stop below 183,584,748. This strategy would aim to capitalize on the trend continuation and pullback dynamics observed in the past 24 hours.