Arweave/Bitcoin (ARBTC) Market Overview: 2025-11-03

Generated by AI AgentTradeCipherReviewed byAInvest News Editorial Team
Monday, Nov 3, 2025 4:02 pm ET2min read
Aime RobotAime Summary

- Arweave/Bitcoin (ARBTC) closed at 3.63e-05 on 2025-11-03, down from 3.81e-05, with a 24-hour low of 3.38e-05 amid heightened volatility.

- Bearish technical signals include a breakdown below 3.70e-05, weak RSI (35), bearish MACD divergence, and price below key moving averages.

- Fibonacci 61.8% support at 3.57e-05 and 3.63e-05 level could determine short-term direction, with a break below triggering further declines.

- Afternoon volume spikes and bearish candlestick patterns (engulfing, harami) reinforce distribution phase dynamics and selling pressure.

• Arweave/Bitcoin (ARBTC) closed lower at 3.63e-05, down from the open of 3.81e-05, with a 24-hour high of 3.86e-05 and low of 3.38e-05.
• Price action shows a bearish bias with a strong daily range and bearish breakdown below 3.70e-05.
• Volatility surged in the afternoon as turnover spiked, with large volume at the session low.
• RSI and MACD indicate weak momentum with no immediate reversal signs.
• Fibonacci 61.8% level at 3.57e-05 offers potential near-term support to watch.

Arweave/Bitcoin (ARBTC) opened at 3.81e-05 on 2025-11-02 at 12:00 ET and traded as high as 3.86e-05 before closing at 3.63e-05 by 12:00 ET the following day. The pair reached a 24-hour low of 3.38e-05, marking a volatile and bearish session. Total 24-hour volume amounted to 16,078.77, while notional turnover reached a high of $589.54, reflecting significant participation at key price levels.

Structure and formations on the 15-minute chart revealed a bearish breakdown after the price broke below 3.70e-05 in the early hours of 2025-11-03. A key support level appears to have formed around 3.63e-05, coinciding with a bearish continuation pattern after a strong volume-driven move lower. Notably, a morning bearish engulfing pattern and a mid-day bearish harami signaled a likely continuation of the downtrend.

Moving averages on the 15-minute chart show price currently below the 20-period and 50-period SMA, reinforcing bearish momentum. On the daily chart, the 50-period SMA is likely above current levels, suggesting a bearish bias from a longer-term perspective. Price appears to be trending below its 200-day SMA, which adds to the bearish outlook.

The 14-period RSI closed near 35, indicating moderate oversold conditions but not yet in the overbought or oversold extremes. However, the MACD histogram shows bearish divergence, with negative momentum persisting. Volatility as measured by Bollinger Bands has expanded, with price near the lower band, consistent with a distribution phase. The 24-hour volume spike suggests increased selling pressure, particularly during the afternoon and early evening trade.

The Fibonacci retracement levels from the recent high of 3.86e-05 to the low of 3.38e-05 show the 61.8% level at 3.57e-05 as a potential support area. A rebound from this level could indicate short-term buying interest, but a break below 3.57e-05 may trigger a retest of the 3.38e-05 low. On the 15-minute chart, the 38.2% retracement level at 3.69e-05 could offer a potential resistance if bulls attempt a short-term rally.

Backtest Hypothesis

The backtesting strategy described relies on the RSI indicator to identify oversold conditions, with a signal to buy when RSI falls below 30 and hold for three trading days. However, due to data constraints, the RSI for “ARBTC” could not be retrieved from the interface. To proceed with the backtest from 2022-01-01 to 2025-11-03, the correct ticker symbol must be identified. Possible variations include “ARBTC-USDT,” “AR/​BTC,” or exchange-specific codes like “ARBTC-BINANCE.” Confirming the precise symbol will allow for accurate RSI generation and full backtest execution, enabling evaluation of the strategy’s effectiveness in capturing potential rebounds from oversold conditions.