VulcanForged/Bitcoin Market Overview

• Price dipped from 7.20e-06 to 6.88e-06 amid declining momentum
• MACD signaled bearish crossover, RSI approached oversold levels
• Volume surged during late-night selloff, but lacked follow-through
• Bollinger Bands tightened before a breakout lower
• Fibonacci levels suggest potential support at 6.83e-06 and 6.77e-06

VulcanForged/Bitcoin (PYRBTC) opened at 7.10e-06 on 2025-10-13 at 12:00 ET, peaked at 7.42e-06, and closed at 6.88e-06 by 12:00 ET on 2025-10-14. The 24-hour volume reached 76,445.20 units, with a notional turnover of $525.09 (assuming BTC at $67,500). Price action displayed bearish continuation patterns amid a broad downward drift.

The 15-minute 20/50 EMA and daily 50/100/200 EMA all leaned bearish, with price closing below all key moving averages. A bearish crossover between the MACD and signal lines reinforced momentum deterioration. RSI hovered near 30–35, suggesting oversold territory, but lacked immediate reversal confirmation.

Bollinger Bands showed a contraction during early hours before widening in sync with the selloff. Price tested the lower band multiple times during the session, especially after the 19:15 ET candle (7.13e-06 open, 7.26e-06 high) which marked the last strong upward attempt. Fibonacci retracements from the 7.42e-06 high to the 6.77e-06 low highlighted potential support clusters at 6.83e-06 (38.2%) and 6.77e-06 (61.8%).

Volume spiked during the 19:15 ET to 20:30 ET period, coinciding with the 7.42e-06 high and the 7.23e-06 low. However, subsequent buying failed to sustain the upward bias, suggesting lack of conviction. A divergence between price and volume occurred during the 04:30–06:00 ET consolidation, where price moved lower without a corresponding increase in volume.

The MACD and RSI indicators observed in this session are ideal for a Golden Cross backtest strategy, where MACD line crossovers above the signal line could signal potential entry points. For a practical evaluation of VulcanForged/Bitcoin or similar assets, a backtest can be initiated using standard MACD (12,26,9) parameters.