Bitcoin/Zloty Market Overview

Generated by AI AgentTradeCipherReviewed byAInvest News Editorial Team
Wednesday, Nov 5, 2025 3:41 am ET2min read
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- BTCPLN dropped 3.5% in 24 hours, breaking below key support levels at 375,000–376,000.

- RSI and Bollinger Bands signal strong bearish momentum, with price near the lower band.

- High-volume sell-off confirms bearish bias, with potential correction toward 360,000.

- Oversold RSI near 30 suggests short-term bounce, but bearish trend remains intact.

Summary
• Price dropped from 381,494.0 to 368,006.0, a 3.5% decline over 24 hours.
• Strong bearish momentum seen in RSI and low-volume bearish continuation.
• Volatility increased, with price breaking below key support levels.
• Bollinger Bands show expansion, indicating rising uncertainty in the market.
• Turnover spiked during the initial bearish breakdown, confirming selling pressure.

Bitcoin/Zloty (BTCPLN) opened at 381,494.0 on 2025-11-04 at 12:00 ET, reaching a high of 381,494.0 and a low of 366,003.0, closing at 368,006.0 at 12:00 ET. Total volume over 24 hours was 11.75546 BTC, and notional turnover reached ~4.38 billion PLN.

Over the past 24 hours, BTCPLN has displayed a clear bearish bias, with price falling below key support levels previously identified around the 375,000.0–376,000.0 range. A notable bearish engulfing pattern formed at the start of the decline, with price dropping from 380,367.0 to 375,679.0 in the first 15-minute candle. This was followed by a series of lower highs and lower lows, confirming the downward trend.

Moving averages on the 15-minute chart show price closing below the 20-period and 50-period SMAs, reinforcing the bearish momentum. While daily chart MAs (50/100/200) were not provided, the hourly action suggests price is moving into an oversold RSI territory (RSI-14 currently hovering near 30), raising the possibility of a short-term bounce. However, given the strength of the bearish breakdown and the volume confirmation, a deeper correction into the 360,000.0 level appears likely.

Bollinger Bands have expanded significantly over the last 6 hours, indicating heightened volatility and uncertainty. Price currently resides near the lower band, suggesting that volatility has been primarily driven by selling pressure rather than buying fear. A retest of the 373,000.0–374,000.0 level could test the strength of the correction.

Fibonacci retracement levels for the recent 15-minute swing (381,494.0 to 366,006.0) suggest key levels at 373,500.0 (38.2%) and 369,500.0 (61.8%). If the current pullback reaches the 61.8% level and stalls there, it may indicate a potential reversal.

Looking ahead, traders may expect a short-term bounce off oversold RSI levels, but bearish momentum remains intact for the next 24 hours. Investors should remain cautious of potential downside risks if volume continues to confirm bearish price action.

MACD and RSI readings indicate that the market is currently in a strong oversold condition, with RSI-14 near 30. This could be an entry point for longs if a bounce is confirmed by a bullish divergence or a strong volume spike at the lower end. However, without a clear reversal pattern and confirmed breakout above the 375,000.0 level, the bearish trend remains intact. The backtest strategy will attempt to exploit this pattern by setting entry points at RSI-14 levels below 30, with a stop-loss just below the recent swing low and a take-profit at the 38.2% Fibonacci retracement level.