Berachain/Bitcoin Market Overview for 2025-10-12

• Price dipped to 1.575e-05 before rebounding to 1.699e-05 by midday, closing at 1.709e-05
• RSI shows moderate momentum with no overbought or oversold signals
• Volatility surged after 20:00 ET as price broke out of a consolidation range
• Volume surged above $1.7M during late-night recovery phase
• Bollinger Bands indicate moderate expansion as price moved above upper band

Berachain/Bitcoin (BERABTC) opened at 1.61e-05 on 2025-10-11 12:00 ET and closed at 1.709e-05 on 2025-10-12 12:00 ET. The pair reached a high of 1.779e-05 and a low of 1.575e-05. Total volume was 29,158.39 BTC and total notional turnover was $5.01M during the 24-hour period.

Structure & Formations

The BERABTC pair displayed a strong consolidation phase between 1.61e-05 and 1.625e-05 during the early morning hours, followed by a decisive breakout after 20:00 ET. A bullish engulfing pattern formed around 19:30 ET as price reversed from a low of 1.575e-05, which could signal a short-term buying opportunity. A potential support level appears at 1.61e-05, where the price previously stabilized, and resistance is now forming near 1.779e-05.

Moving Averages

Short-term moving averages (20/50) on the 15-minute chart suggest a bullish bias, with the 20-period MA crossing above the 50-period MA. On the daily chart, the 50-period MA is trending upward and currently sits below the 100-period and 200-period MAs, indicating a possible continuation of the recent bullish trend if price remains above the 50-period MA.

MACD & RSI

MACD remains positive with an upward trajectory, reflecting growing momentum. RSI is positioned in the mid-range (55–65), suggesting the pair is neither overbought nor oversold. This aligns with the recent breakout and could support a continuation of the bullish trend over the next 24 hours.

Bollinger Bands

Bollinger Bands show moderate expansion during the breakout phase, with price closing above the upper band. This suggests increasing volatility and reinforces the strength of the recent upward move. If the current trend continues, price could test the upper band again in the coming hours.

Volume & Turnover

Volume spiked significantly after 20:00 ET, particularly during the 19:30–20:00 ET and 22:00–22:30 ET sessions, confirming the breakout. Turnover mirrored volume surges, with the highest notional turnover occurring between 22:00–22:30 ET and 08:00–08:30 ET. Divergences are not evident, as both volume and price action align during key moves.

Fibonacci Retracements

Applying Fibonacci levels to the 19:30–22:15 ET swing (1.575e-05 to 1.611e-05), the 50% retracement is at 1.593e-05, which acted as support during the 21:30–21:45 ET period. The 61.8% level is at 1.613e-05 and coincided with a minor resistance zone in the late morning. The daily chart’s 50% retracement (from 1.575e-05 to 1.779e-05) is at 1.677e-05, a level to monitor for potential continuation.

Backtest Hypothesis

The given backtesting strategy could be applied to this pair by entering long positions during confirmed breakouts above key resistance levels, especially when accompanied by strong volume and a bullish engulfing pattern. Exit long positions upon reaching the 61.8% Fibonacci level or when RSI enters overbought territory. Short positions may be considered on pullbacks to the 50-period MA if MACD shows bearish divergence. This approach aligns with the recent price action and may offer a balanced risk-reward profile.