Altlayer/Bitcoin Market Overview for 2025-11-13

Summary
• Price action remains tightly compressed with no visible candlestick patterns.
• Volume remains subdued with no strong momentum signals detected.
• RSI and MACD neutral, indicating lack of direction or trend strength.

Market Overview

Altlayer/Bitcoin (ALTBTC) opened at 1.6e-07 at 12:00 ET-1 and closed at the same level by 12:00 ET. The 24-hour high and low remained at 1.6e-07, indicating a flat and range-bound session. Total volume was 2,532,245.0 units, while turnover remained negligible due to the low price level.

The 15-minute chart shows no significant price deviation throughout the day, with all candles forming doji or near doji, reflecting indecision among traders. No support or resistance levels were crossed, and the price remained aligned with the flat 20-period and 50-period moving averages.

MACD and RSI show no divergence from the flat price trend. MACD lines hover near zero without any histogram divergence, while RSI remains neutral around the 50 level. There is no indication of overbought or oversold conditions, suggesting the market lacks direction. Bollinger Bands have constricted, signaling low volatility, with price remaining centered in the band.

Fibonacci retracement levels drawn over the past 24 hours show no meaningful price interaction with key levels (38.2% or 61.8%). Volume activity is generally low, with sporadic spikes in the middle of the day that failed to trigger any meaningful price movement. The lack of correlation between volume and price suggests a lack of conviction in any directional bias.

Backtest Hypothesis

The proposed backtest strategy relies on RSI ≤ 30 as a potential “oversold” trigger event. Given the current data — with price unchanged and RSI neutral — no such signal would have been triggered during the 24-hour period. For a more accurate backtest, I require confirmation of the correct ticker for the Altlayer/Bitcoin pair (e.g., ALT/BTC or exchange-specific code). Once confirmed, I can retrieve historical RSI data and analyze the performance of the strategy from 2022-01-01 to 2025-11-13.