Market Overview for PAX Gold/Bitcoin

Summary
• Price surged above 0.04600, breaking key resistance with bullish momentum.
• MACD crossed into positive territory, confirming upward bias.
• Volume surged in the last 6 hours, coinciding with the breakout.
• RSI remains neutral at 54, suggesting room for further gains.
• Bollinger Bands show moderate expansion, indicating increasing volatility.

PAX Gold/Bitcoin (PAXGBTC) opened at 0.0456 on 2025-12-10 at 12:00 ET, surged to a 24-hour high of 0.04766, and settled at 0.04772 by 12:00 ET the next day. Total volume reached 149.9071 with $6.91 million in turnover.

Structure & Formations

Price carved a strong bullish trend through the day, with a critical breakout above 0.04600. A bullish engulfing pattern formed around 19:45 ET, followed by a confirmed breakout on high-volume activity starting at 15:00 ET. Key support levels now appear near 0.04650, while resistance is at 0.04775.

Technical Indicators

The 20-period moving average on the 5-minute chart crossed above the 50-period line, signaling short-term bullish momentum. MACD turned positive in the final 6 hours, and RSI remains in the mid-range, indicating continued upside potential. Bollinger Bands widened, reflecting increased volatility, with price near the upper band for much of the last 4 hours.

Volume and Turnover

Volume spiked sharply after 15:00 ET, reaching peaks of 8.6834 and 5.8451 in the 15-minute and 1-hour intervals, confirming the breakout. Turnover aligned with volume, showing no signs of divergence.

Forward Outlook

With strong volume and a confirmed breakout, price could test 0.04800 in the next 24 hours. However, traders should watch for a retest of the 0.04720–0.04730 zone for possible consolidation. A drop below 0.04650 could negate the recent bullish momentum.