Market Overview for Bitcoin Cash/Yen (BCHJPY) – 24-Hour Summary as of 2025-10-14

• Price declined from a morning high of 83,557 JPY to a 24-hour low of 77,562 JPY before partial recovery near 79,190 JPY.
• Volume surged late in the session, particularly between 05:30–06:30 ET, coinciding with a sharp decline.
• RSI moved into oversold territory during the selloff, while MACD turned bearish in the latter half.
• Price remained below all key moving averages, indicating bearish control.
• Volatility expanded significantly during the session, with Bollinger Bands widening as price tested lower support levels.

Market Overview for Bitcoin Cash/Yen (BCHJPY)

Bitcoin Cash/Yen (BCHJPY) opened at 82,760 JPY on 2025-10-13 12:00 ET, hit a high of 83,847 JPY, fell to a low of 77,562 JPY, and closed at 79,190 JPY as of 12:00 ET on 2025-10-14. The 24-hour volume totaled 120.38 JPY, with a notional turnover of approximately 9.6 million JPY. The pair appears to be under bearish pressure amid a broad downward trend and declining momentum.

Price action showed a sharp sell-off starting from around 02:15 ET as the pair breached critical support levels below 81,000 JPY and accelerated toward 78,000 JPY. A bearish engulfing pattern formed near 79,547 JPY, confirming short-term weakness. On the 15-minute chart, the 20-period and 50-period moving averages remained bearishly aligned, reinforcing the downward drift. However, late-session volume picked up on the 78,000 JPY rebound, suggesting some buyers may be testing the floor.

The 15-minute MACD turned bearish with a negative crossover around 05:30 ET, while RSI dipped into oversold territory below 30 during the selloff. Bollinger Bands widened significantly during the session, indicating heightened volatility. Price traded below the lower band at one point, suggesting a deep correction phase. Fibonacci retracement levels from the 83,847 JPY high and 77,562 JPY low showed the current 79,190 JPY close to align with the 61.8% retracement level, suggesting potential consolidation ahead.

The next 24 hours may see a test of the 78,000 JPY level as key support, with a break below that likely to extend the downward move toward 77,000 JPY or lower. While the RSI suggests a potential short-term rebound is possible, traders should remain cautious of a broader bearish bias unless volume and momentum begin to show signs of reversal.

Backtest Hypothesis

To better understand potential turning points, a backtesting strategy using the MACD “death cross” on the BCHJPY pair could be analyzed. Given the recent bearish crossover, historical data from 2022-01-01 to present could provide insights into how often such a signal has led to sustained bearish momentum. However, due to missing data for the exact ticker, it is recommended to use a verified symbol such as BCHJPY_BINANCE or BCHJPY_BITBANK, depending on the primary exchange monitored. If historical MACD death-cross signals from these tickers have consistently preceded 1–3 week declines in price, the current signal may serve as a cautionary trigger for short-term bearish positioning, especially if RSI and Bollinger Bands confirm overextended conditions.