Bitcoin/Yen (BTCJPY) Market Overview – November 7, 2025

Summary
• BTCJPY saw a 24-hour high of ¥15,757,862 and low of ¥15,421,628.
• Price closed at ¥15,625,547, up from the prior day’s open at ¥15,484,565.
• Total volume was ~137.32 BTC, with notional turnover of ¥2.13 billion.

Bitcoin/Yen (BTCJPY) opened at ¥15,484,565 on November 6, 2025, reached a high of ¥15,757,862 and a low of ¥15,421,628, and closed at ¥15,625,547 as of 12:00 ET on November 7, 2025. Total notional volume over the 24-hour period was ~137.32 BTC, translating to ~¥2.13 billion in turnover. The price action showed a volatile range with multiple directional shifts, suggesting a dynamic short-term market.

Structure & Formations

The 15-minute chart revealed a number of notable candlestick formations. A strong bullish engulfing pattern emerged at ¥15,500,000, confirming a short-term bounce. However, the formation at ¥15,600,000 was followed by a bearish reversal, marked by a long upper wick and lower close, suggesting resistance. Key support levels appear at ¥15,500,000 and ¥15,450,000, while resistance remains at ¥15,700,000 and ¥15,800,000.

Moving Averages

On the 15-minute chart, the 20-period SMA crossed above the 50-period SMA in the morning, indicating a short-term bullish bias. On the daily chart, the price closed above both the 50 and 200-period SMAs, suggesting a broader uptrend. However, the 100-period SMA remains above the current price, indicating a potential short-term correction is possible.

MACD & RSI

The 15-minute MACD showed a positive divergence during the morning push toward ¥15,600,000, confirming the bullish momentum. RSI reached overbought territory above 70 twice during the session, signaling potential for a pullback. The most recent RSI reading stood at ~60, suggesting moderate momentum without excessive overbought pressure.

Bollinger Bands

Price action remained within the upper and lower Bollinger Bands, indicating a volatile but not overextended move. The bands expanded significantly during the ¥15,750,000 peak, pointing to increased volatility and uncertainty. The price closed near the upper band in the afternoon but retracted into the mid-band by the end of the session.

Volume & Turnover

Volume spiked during the ¥15,600,000–¥15,750,000 range, confirming the strength of the upward push. However, volume during the pullback into ¥15,600,000 was relatively light, suggesting weaker conviction in the short-term bearish move. Turnover followed volume closely, with a notable divergence observed during the early afternoon sell-off, indicating possible profit-taking.

Fibonacci Retracements

Applying Fibonacci levels to the ¥15,421,628–¥15,757,862 swing, the 61.8% retrace level is at ¥15,592,000, a level the price tested in the afternoon before continuing higher. The 38.2% retracement level was at ¥15,630,000, which may act as a potential support or consolidation area in the next 24 hours.

Backtest Hypothesis

The initial attempt to retrieve Bullish Engulfing signals for BTCJPY failed due to ticker recognition issues. The correct ticker format must be confirmed—whether BTCJPY, BTC/JPY, or exchange-specific variants such as BTCJPY_BINANCE or BTCJPY.FX. Once the correct ticker is validated, a backtest could be implemented using historical 15-minute data to evaluate the profitability of a strategy based on confirmed Bullish Engulfing patterns. The success of the backtest would depend on the accuracy of the pattern identification and the alignment of volume and RSI data for confirmation. Ensuring the correct data source and ticker code is critical for reliable results.