Market Overview for Bitcoin/Eurite (BTCEURI) – 2025-09-20

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• Bitcoin/Eurite (BTCEURI) broke above a key resistance after consolidating within a tight range, ending 24h at 98863.15.
• Volatility increased in the final hours, with a 15-minute candle closing at 98953.73, the highest in the window.
• RSI and MACD showed divergence in late sessions, hinting at a potential pullback despite bullish momentum.
• Total volume for the 24h period was 10.65, with turnover reaching 988,437.96 EUR, reflecting aggressive short-term positioning.
• A bearish engulfing pattern emerged briefly before a reversal, suggesting mixed sentiment ahead.

The 24-hour period from 12:00 ET–1 on 2025-09-19 to 12:00 ET on 2025-09-20 saw Bitcoin/Eurite (BTCEURI) open at 98745.55 and close at 98863.15, with a high of 99000.0 and a low of 98206.14. Total volume reached 10.65, and turnover was approximately 988,437.96 EUR, with notable activity in the last 10 hours.

Key support levels were identified around 98539.1 and 98410.0, both of which held firm for several 15-minute intervals before the price rebounded. On the resistance side, 98863.15 and 98953.73 were tested twice, with the latter showing a temporary break above during the 15:15–15:30 ET window. The 15-minute chart displayed several bullish engulfing and morning star patterns, especially around 08:30–08:45 and 15:15–15:30 ET, signaling aggressive buy interest.

Moving Averages and Volatility

The 20-period and 50-period moving averages on the 15-minute chart crossed to the upside in the final hours of the session, confirming a shift in momentum. The daily 50/100/200 SMA lines showed a positive bias, with the 50SMA crossing the 100SMA in a bullish “golden cross” configuration. Bollinger Bands expanded in the final four hours, indicating increased volatility, with price consistently staying above the middle band, suggesting bullish pressure.

Momentum and Fibonacci Retracements

MACD remained positive for the last 10 hours, with a narrowing histogram indicating slowing upward momentum. RSI crossed into overbought territory (above 70) for the last two hours of the session, raising the likelihood of a short-term pullback. Applying Fibonacci retracement levels to the recent swing low of 98206.14 and swing high of 99000.0, key levels of 98539.1 (38.2%) and 98643.0 (61.8%) appear to be psychological pivots.

Volume and Turnover Analysis

Notional turnover spiked during the final 30 minutes, with a large candle closing near the high of the 24-hour window. This suggests strong accumulation, but the volume failed to expand proportionally, indicating some consolidation may occur. A divergence was observed between price and volume during the 10:30–10:45 ET window, where price rose but volume declined, hinting at potential exhaustion.

Backtest Hypothesis

The backtesting strategy involves a long entry at a breakout of the upper Bollinger Band on the 15-minute chart, confirmed by a bullish engulfing pattern and a positive MACD crossover. A stop-loss is placed below the 20-period moving average, with a target of 38.2% and 61.8% Fibonacci levels. Given the recent expansion in volatility and bullish divergence in the last 30 minutes, this setup appears viable in a high-conviction environment, though caution is advised as RSI enters overbought territory.