PAX Gold/Bitcoin Market Overview (PAXGBTC)

• PAXGBTC declined by ~0.76% over 24 hours, ending at 0.03465 from 0.0349
• Price tested key resistance at 0.0348–0.0349 but failed to hold above
• Volatility remained low with a range of just 0.00024 (±0.07%)
• Volume spiked briefly at 0.0348–0.0349 before declining toward close
• RSI remains neutral, no extreme overbought or oversold signals detected

At 12:00 ET on October 28, 2025, PAX Gold/Bitcoin (PAXGBTC) opened at 0.0349, reached a high of 0.03501, and closed at 0.03465 after a 24-hour range between 0.03431 and 0.03501. Total volume traded was 1,015.73, with a notional turnover of ~35.17 (based on volume × mid-price). The pair appears to be consolidating within a tight range, with buyers struggling to reclaim the 0.0348–0.0349 resistance cluster.

Structure & Formations

Price action over the past 24 hours shows a bearish bias, especially in the first half of the session. A failed bullish breakout from the 0.0348–0.0349 cluster resulted in a rejection bearish engulfing pattern at 0.0349–0.0349. A key 15-minute doji formed near 0.03497, indicating indecision. Support appears to be holding at the 0.03465–0.03466 level, which has been retested multiple times.

Moving Averages

On the 15-minute chart, the 20-period MA (0.03467) and 50-period MA (0.03466) are in tight alignment, suggesting a low-volatility consolidation phase. On the daily chart, the 50-period MA sits at 0.03465, aligning closely with the 200-period MA (0.03464), suggesting a potential flat trend ahead unless a strong catalyst emerges.

MACD & RSI

The MACD line remains flat with no clear divergence from price, reflecting indecision in the market. The RSI is hovering near 50, with no strong overbought or oversold readings, indicating a continuation of the sideways consolidation. A break above 0.03485 may trigger a bullish momentum signal if RSI follows suit.

Bollinger Bands

Volatility remains muted, with the Bollinger Band width tightening over the past 12 hours. Price is currently hovering near the upper band at 0.03465–0.03467, suggesting a potential short-term overbought condition. A break below the 20-period MA could signal a retest of the lower band at ~0.03457.

Volume & Turnover

Volume spiked briefly around 0.0348–0.0349 during the early part of the session but declined significantly in the latter half, suggesting fading buying interest. Notional turnover aligned with price movement up until ~11:00–12:00 ET, but a divergence appears after that as volume declined while price continued to fall.

Fibonacci Retracements

Key Fibonacci retracement levels from the recent high of 0.03501 and low of 0.03431 are as follows: 38.2% at 0.03471 and 61.8% at 0.03455. Price is currently consolidating near the 61.8% level, which could act as a near-term floor unless buyers step in to push it back up.

Backtest Hypothesis

The MACD Golden Cross strategy is a momentum-driven approach that could be applied to PAXGBTC, assuming the correct trading pair symbol is available. For example, using a close substitute like “PAXG-BTC” on Binance, one could backtest signals from the 2022–2025 period to evaluate profitability. A five-day holding period from a Golden Cross signal may yield positive returns in a trending market, but caution is advised during consolidation phases like the current one.