Market Overview for PAX Gold/Bitcoin (PAXGBTC) – 2026-01-03

Summary
• PAXGBTC formed bullish engulfing and bearish rejection patterns during key 5-minute intervals.
• Price tested and held above 0.0480–0.0481 support, with a 61.8% Fibonacci level at 0.04821 showing bearish caution.
• Volatility expanded mid-session, followed by a contraction in the latter half, suggesting consolidation.
• Turnover spiked during the 19:00–20:30 ET rally and then faded, indicating possible exhaustion.
• RSI hovered near neutral ground with no strong overbought or oversold signals.

PAX Gold/Bitcoin (PAXGBTC) opened at 0.04784 on 2026-01-02 at 12:00 ET, reached a high of 0.04869, and closed at 0.04868 at 12:00 ET on 2026-01-03. Total volume was 236.83, and turnover amounted to 11.13 during the 24-hour period.

Structure and Price Behavior

The 5-minute OHLCV data shows PAXGBTC fluctuating between 0.04778 and 0.04869 throughout the session. A bullish engulfing pattern emerged around 17:00–17:15 ET, followed by a bearish rejection at 0.04828 during the 19:15–19:30 ET window. A consolidation phase took hold after 05:30 ET, with price drifting toward the lower end of the range by midday.

Momentum and Indicators

The RSI moved within a neutral range, peaking around 55–60 before settling back into the 50–55 zone by the close. MACD showed a weak positive divergence in the morning, followed by a bearish crossover in the late afternoon, indicating a tug-of-war between buyers and sellers. Bollinger Bands expanded during the 19:00–20:30 ET upswing, with price retreating back toward the midband by the end of the session.

Volume and Turnover

Volume surged during the 19:00–20:30 ET rally, reaching a peak of 8.3034, but declined sharply afterward. Turnover mirrored this trend, with a peak of ~0.40 at 21:00 ET. Notably, a zero-volume candle at 19:45 ET did not impact price, suggesting a quiet period with no directional bias.

Fibonacci and Key Levels

Applying Fibonacci retracements to the 0.04778–0.04869 range, the 61.8% level at 0.04821 acted as a resistance cluster, coinciding with bearish candlestick patterns. The 38.2% level at 0.04809 saw minor support, though price ultimately held above 0.04805, suggesting buyers are defending the lower zone.

Looking ahead, PAXGBTC may test 0.04821–0.04827 as a potential short-term resistance. A break above this with rising volume could open the path to 0.04835–0.04845, but a failure to hold above 0.04805 could trigger a retest of 0.04791–0.04784. Investors should remain cautious as volatility remains moderate and momentum signals are mixed.