Berachain/Bitcoin (BERABTC) 24-Hour Market Overview

• Price surged to $2.498e-5 during the 24-hour window but reversed to close near $2.41e-5.
• High volatility and large-volume spikes occurred around 20:00–21:00 ET.
• RSI and MACD signaled overbought conditions early, followed by bearish momentum divergence.
• Bollinger Bands widened early, then narrowed in the latter half of the day.
• Downtrend reaccelerated below key support at $2.41e-5 after early consolidation.

At 12:00 ET−1 on 2025-10-04, Berachain/Bitcoin (BERABTC) opened at $2.261e-5 and surged to a 24-hour high of $2.498e-5. The pair closed at $2.326e-5 at 12:00 ET, after a 24-hour low of $2.26e-5. Total traded volume amounted to 188,584.454 BTC, with a notional turnover of $5.156 (USD equivalent).

The price action shows a volatile 24-hour period with an initial bullish breakout in the evening hours, followed by a sharp consolidation and bearish reversal in the overnight session. A significant volume spike at 20:00 ET marked the peak of the rally, which was followed by bearish momentum as volume declined but price continued to fall. The 2.498e-5 high failed to hold, and the price retested earlier lows with conviction, particularly below the 2.41e-5 level, which appears to have acted as dynamic support-turned-resistance.

The 15-minute chart reveals a bullish engulfing pattern around 19:00–19:30 ET, followed by a long upper shadow and bearish reversal at the 20:30–21:15 ET timeframe. This pattern suggests potential exhaustion after a sharp rally. RSI peaked near 70 in the early hours, signaling overbought conditions, while MACD showed a bearish crossover later in the session. Bollinger Bands widened in the first half of the day before contracting, indicating a potential consolidation or reversal phase. The price closed below the 20-period and 50-period moving averages, reinforcing the bearish momentum.

Price is currently testing the 2.398e-5 Fibonacci 38.2% retracement level from the 24-hour high. A breakdown below this level could lead to a test of the 2.379e-5–2.389e-5 area, which saw earlier consolidation. If the price closes below 2.379e-5, a deeper pullback toward the 61.8% retracement level of 2.34e-5 may follow. On the upside, a retest of the 2.41e-5–2.419e-5 range could offer short-term resistance, but a failure to hold above this zone would reinforce bearish sentiment.