Market Overview for VulcanForged/Bitcoin (PYRBTC)

• Price formed a bullish reversal pattern after hitting a 24-hour low of $0.00000923.
• Volume surged above 6,000 units during a late-day rally, confirming strength in the rebound.
• RSI bottomed in oversold territory, suggesting potential for short-term momentum.
• Bollinger Bands showed a period of contraction before price broke out.

VulcanForged/Bitcoin (PYRBTC) opened at $0.00000934 on 2025-09-15 12:00 ET, hit a low of $0.00000923, and closed at $0.00000956 by 2025-09-16 12:00 ET. Total volume for the 24-hour period was 9,174.043 units, with a notional turnover of $0.0875 (based on BTC price of $65,000).

Structure & Formations

Price carved out a key low at $0.00000923 on 2025-09-15 02:00 ET and began a steady climb. A bullish reversal pattern emerged around 05:00 ET, followed by a strong close near the session high. The price action indicates a potential short-term base forming above $0.00000930. Key support levels appear at $0.00000930 (psychological), $0.00000928, and the 24-hour low at $0.00000923.

Moving Averages

The 20-period and 50-period moving averages on the 15-minute chart indicate a bullish crossover after the 05:30 ET bar, suggesting a short-term uptrend has formed. On the daily chart, the 50-period MA crosses above the 200-period MA, signaling a longer-term positive bias. The 100-period MA sits at ~$0.00000940, offering a potential resistance level.

MACD & RSI

The MACD turned positive and crossed above the signal line during the 06:00 ET candle, confirming a shift in momentum. RSI bottomed at 30 and climbed back to ~48 at the close, suggesting exhaustion in the bearish move and potential for further buying.

Bollinger Bands

Bollinger Bands displayed a period of contraction between 02:00–04:00 ET, followed by a sharp expansion as price surged. At the close, the price was near the upper band at ~$0.00000956, indicating a breakout that could lead to extended momentum in the near term.

Volume & Turnover

Trading volume spiked above 600 units during the 06:45 ET candle, marking one of the largest volume bars in the session. Notional turnover aligned with the price action, confirming the strength of the rally. A divergence in volume and price during the 19:30–20:00 ET period hinted at weak bearish follow-through.

Fibonacci Retracements

A 15-minute swing from the low at $0.00000923 to the high at $0.00000956 shows a 38.2% retracement at ~$0.00000936 and a 61.8% level at ~$0.00000945. These levels may act as immediate resistance. On the daily chart, the 38.2% and 61.8% retracements correspond to potential consolidation zones for the next 48–72 hours.

Backtest Hypothesis

A potential backtest strategy could be based on the 15-minute bullish reversal patterns observed around key support levels, coupled with RSI bottoming in oversold territory. Entries could be triggered on a close above the 20-period MA, with a stop-loss placed below the 38.2% Fibonacci level. This approach would aim to capture short-term momentum during consolidation phases, leveraging confirmed breakouts from Bollinger Band contractions and MACD divergence.