Berachain/Bitcoin 24-Hour Market Overview

• Price climbed 0.83% from open to close, breaking recent resistance levels.
• MACD and RSI suggest moderate bullish momentum with no overbought conditions.
• Volatility remains constrained, with price staying near the mid-Bollinger Band.
• Volume surged in the final 3 hours, confirming strength in the rally.
• Key support at $2.226 and resistance at $2.277 identified for near-term trading.

The BERABTC pair opened at $0.00002199 on 2025-10-09 at 12:00 ET and closed at $0.00002304 by 12:00 ET on 2025-10-10. The 24-hour high and low were $0.00002332 and $0.00002170, respectively. Total trading volume reached 4,218.57, while notional turnover amounted to $0.098. Price action showed a consistent push higher during the last three hours of the window, ending near the upper part of a consolidating range.

The structure of the candlestick pattern over the past 24 hours revealed a bullish breakout from a defined consolidation pattern, with the price forming a small bullish wedge before breaking above a key resistance level at $0.00002277. A potential support zone is seen near $0.00002226, where the price previously found a floor during earlier pullbacks. A bullish engulfing pattern emerged around the $0.00002236–$0.00002277 range, signaling a shift in sentiment toward the upside.

MACD displayed a positive crossover and maintained a rising trend, reinforcing the bullish bias, while RSI hovered in the mid-50s, suggesting moderate momentum without signs of overbought conditions. Bollinger Bands showed a moderate expansion in the final hours, with price nearing the upper band during the breakout. Volatility and volume increased sharply in the last three hours, confirming the price movement and indicating strong buying interest.

Fibonacci retracements on the 15-minute chart highlighted a 61.8% level at $0.00002270 that was cleared on the breakout. The 38.2% level at $0.00002243 acted as a minor support earlier in the day. Moving averages on the 15-minute timeframe showed a clear bullish crossover, with the 20-period MA above the 50-period MA. On the daily timeframe, the 50-period MA is approaching the 100-period MA, suggesting the possibility of a longer-term bullish bias if the current momentum continues.

The Backtest Hypothesis is built on a combination of the 15-minute bullish crossover (20/50 SMA) and RSI above 50 as entry signals, with a stop-loss placed below the 38.2% Fibonacci level. Using the provided data, the strategy would have entered a long position around $0.00002236 and exited near the breakout at $0.00002277, capturing a 1.7% gain in the final 15-minute candle. A trailing stop could have extended the profit slightly further. This suggests the strategy has potential for short-term gains in a rising trend but requires testing on a broader dataset to validate its robustness.