Market Overview for Sleepless AI/Bitcoin (AIBTC) as of 2025-10-23 12:00 ET

• Price opened at 7e-07, touched a high of 7e-07, and closed at 6.7e-07, indicating a bearish bias.
• Volatility increased briefly during 20:30–21:15 ET with a pullback to 6.5e-07, followed by consolidation above 6.6e-07.
• Volume spiked at 20:30 ET, confirming bearish momentum, but faded afterward with minimal follow-through.
• RSI moved into oversold territory below 30 by 21:15 ET, hinting at potential short-term bounce.
• A bearish breakdown below 6.7e-07 would target 6.6e-07 as the next support, with higher risk of further downside.

24-Hour Price and Volume Summary

Sleepless AI/Bitcoin (AIBTC) opened at 7e-07 at 12:00 ET on October 22, 2025, and traded as high as 7e-07 before retreating to a 24-hour low of 6.5e-07. It closed at 6.7e-07 at 12:00 ET October 23. Total traded volume reached 373,334.1 units, with a notional turnover of $258.33, based on the average price of 6.92e-07.

Structure & Formations

The 24-hour chart displayed a bearish consolidation pattern, with a distinct bearish breakdown occurring between 20:30–21:15 ET where price fell to 6.5e-07, forming a short-term bearish trend. A small bearish engulfing pattern emerged at 20:30 ET, confirming the downward shift. Price later consolidated between 6.6e-07 and 6.7e-07 for the remainder of the session, failing to recover above 6.7e-07.

Moving Averages and Trend Direction

On the 15-minute chart, the 20-period and 50-period moving averages were closely aligned near 6.7e-07, indicating a potential flat trend. Price spent much of the session below both moving averages, suggesting a bearish tilt. Longer-term (daily) averages were not available due to limited data.

Momentum and Volatility

Relative Strength Index (RSI) dipped into oversold territory (below 30) during the 21:15 ET candle, which may hint at a potential short-term bounce, although a clear reversal was not confirmed. MACD remained in negative territory, with a bearish crossover occurring at 20:30 ET. Volatility appeared moderate during most of the session but spiked when volume surged at 20:30 ET. Price spent much of the day within a 6.6e-07 to 6.7e-07 range, suggesting low conviction in either direction.

Fibonacci and Key Levels

Applying Fibonacci retracement to the 24-hour swing from 7e-07 to 6.5e-07, key levels of interest include 6.75e-07 (23.6%), 6.65e-07 (38.2%), and 6.55e-07 (61.8%). The current price of 6.7e-07 sits near the 23.6% retracement level, indicating a potential area of resistance. If the price continues to retest this level, it may either bounce or break through to test the 6.65e-07 level.

Backtest Hypothesis

The current session highlights the importance of accurate ticker information for backtesting strategies, such as the Bearish Engulfing pattern. In this case, the system was unable to process backtest data for AIBTC due to the asset not being recognized in the data source. This underscores the need to confirm the exact ticker symbol or exchange-specific code for the asset in question. Once the correct identifier is provided, a backtest using the Bearish Engulfing pattern can be executed, with a 24-hour holding period, to evaluate its historical performance from 2022-01-01 to the present.