Berachain/Bitcoin Market Overview (2025-11-02)

• Price drifted sideways with consolidation above key support after a failed bearish breakout attempt.
• Volatility dipped midday before a late afternoon rebound pushed price near a recent high.
• RSI and MACD show mixed signals, with momentum easing despite a modest rally in volume.
• Bollinger Bands show moderate expansion, with price near the upper band at session close.
• Turnover spiked during the 19:00–20:00 ET recovery, suggesting renewed short-term interest.

At 12:00 ET on 2025-11-02, Berachain/Bitcoin (BERABTC) opened at $0.00001648 and closed the 24-hour period at $0.00001665, with a high of $0.00001675 and a low of $0.00001639. Total volume over the period was 3,740.79, with a notional turnover of $0.0623. The session saw a retest of a prior high before settling in a narrow consolidation pattern, with a modest volume increase during the final hours.

Structure & Formations

The price action displayed a bearish breakdown attempt in the early afternoon, with a low of $0.00001639, followed by a strong recovery to the session’s high near $0.00001675. This suggests short-term buyers stepped in around the $0.00001640–1645 range, which now appears as a key support cluster. A bearish engulfing pattern formed at $0.00001658, but it failed to hold as price closed above the pattern. The $0.00001675 level is now a critical resistance zone.

Moving Averages

On the 15-minute chart, the 20-period and 50-period moving averages show convergence near $0.00001658, reinforcing this as a key pivot area. On a broader scale, the 50-period and 200-period daily moving averages are not significantly displaced, suggesting no major trend bias and consistent sideways pressure.

MACD & RSI

The MACD showed a modest bearish crossover in the early afternoon but faded quickly, with a neutral-to-bullish signal emerging in the final hours. The RSI ended the session just below 50, indicating a neutral momentum profile. While not overbought or oversold, the RSI divergence during the bearish pull suggests potential short-term exhaustion from sellers.

Bollinger Bands

Bollinger Bands showed modest expansion during the final hours, with price closing near the upper band at $0.00001675. This suggests rising volatility and potential for a short-term reversal or continuation. The $0.00001640 level coincides with the lower band, reinforcing its support role.

Volume & Turnover

Volume spiked during the 19:00–20:00 ET recovery phase, confirming the bullish retest, and again at 08:45–09:00 ET, which coincided with a bearish breakdown attempt. However, notional turnover remained relatively low, suggesting largely retail-driven activity. Price and volume aligned well during the afternoon recovery, adding some short-term bullish confirmation.

Fibonacci Retracements

Applying Fibonacci levels to the $0.00001639–0.00001675 swing, the 61.8% retracement level (~$0.00001656) was tested and held, followed by a retest of the 78.6% level (~$0.00001663). The current price sits close to the 78.6% retracement level, suggesting potential for a continuation or consolidation if buyers maintain control.

Backtest Hypothesis

To validate the short-term bearish sentiment observed during the session, a “Sell on (short) Bearish Engulfing confirmation” strategy could be backtested using BERABTC’s 15-minute OHLC data from 1 Jan 2022 to 2 Nov 2025. The strategy would define entry confirmation as a closing price of the engulfing candle and a short position entered at the next bar’s open. An exit rule could be a fixed 5-bar (75-minute) holding period or a stop-loss at the high of the engulfing candle. This approach would help measure the profitability and consistency of shorting BERABTC after bearish reversal signals, especially during periods of consolidation like today’s session.

Looking ahead, the $0.00001675 level will be key for a possible bullish breakout or reversal, while $0.00001640–1645 remains crucial for support. Investors may want to watch for another attempt at bearish exhaustion or a sustained rally, but with the current neutral momentum, price could remain range-bound unless volume increases significantly. As always, be mindful of liquidity shifts and sudden volatility spikes, which remain a risk in this market.