Market Overview for SPACE ID/Bitcoin (IDBTC) on 2026-01-01

Summary
• IDBTC opened at $0.00000082 and closed lower at $0.00000077 with bearish momentum.
• Volume spiked during early sessions, followed by a prolonged period of inactivity and consolidation.
• A key breakdown below $0.00000081 suggests short-term bearish pressure into the next 24 hours.

SPACE ID/Bitcoin (IDBTC) opened at $0.00000082 at 12:00 ET−1, reached a high of $0.00000082, and a low of $0.00000077 before closing at $0.00000077 at 12:00 ET. Total 24-hour volume was 328,850, and notional turnover was $0.2586 (in BTC terms). The pair experienced significant early activity before entering a bearish consolidation phase.

Structure & Formations

IDBTC showed a bearish breakdown below $0.00000081 into $0.00000077, with a 61.8% Fibonacci level at $0.00000078 acting as a short-term support. The candlestick at 01:00 ET−1 formed a bearish inside bar pattern, confirming a potential reversal and ongoing bearish control.

Moving Averages

On the 5-minute chart, price is below both the 20- and 50-period moving averages, reinforcing the bearish bias. Daily moving averages (50/100/200) suggest a longer-term neutral-to-bullish trend, but short-term dynamics favor continuation of the downward move.

MACD & RSI

The MACD turned negative during the evening and has remained bearish, with a negative divergence hinting at continued downside. RSI dropped below 30 in the late hours, indicating oversold conditions, but lacks confirmation from volume, suggesting caution before expecting a rebound.

Bollinger Bands

Volatility expanded in the early morning as price broke through the lower band at $0.00000078. Price has since remained near the band floor, indicating low volatility and potential for a test of key support at $0.00000077–$0.00000076.

Volume & Turnover

Volume spiked early in the session, especially between 18:00 and 19:00 ET−1, before sharply declining. Turnover mirrored the volume trend, with minimal activity after 03:30 ET. The divergence between price action and volume signals a potential weakening of the bearish trend, although momentum remains intact for now.

Fibonacci Retracements

On the 5-minute chart, the 61.8% level at $0.00000078 has been tested twice and now appears to be a critical level. Daily retracements show the 38.2% level at $0.00000079 could offer resistance if buyers re-enter the market.

The market appears to be consolidating after a bearish breakdown, with key support at $0.00000077–$0.00000076. A rebound above $0.00000078 may trigger a short-term recovery but is unlikely to break the broader downtrend. Investors should remain cautious about volatility and potential bearish continuation into the next 24 hours.