BTCJPY +59.21% in 24 Hours Driven by Strong Bullish Momentum

On SEP 11 2025, BTCJPY rose by 59.21% within 24 hours to reach ¥16913520. Over the past 7 days, the pair climbed 399.41%, and by 1 month, the growth accelerated to 598.14%. Year-to-date, BTCJPY has surged 1486.8%, indicating sustained and robust demand in the cross-asset market.

Technical indicators have shown consistent strength across multiple timeframes. The Relative Strength Index (RSI) is currently above 70, signaling overbought conditions, while the Moving Average Convergence Divergence (MACD) remains in a positive territory with a strong upward histogram. The 50-period and 200-period exponential moving averages (EMAs) are aligned in an ascending trend, reinforcing the bullish momentum.

The price action has confirmed a breakout above key resistance levels identified in the prior month, with minimal retracement observed after each surge. This pattern suggests strong institutional and retail participation without signs of immediate bearish correction. Analysts project that the ongoing bullish bias may continue, provided the 50 EMA holds above the 200 EMA and RSI does not correct sharply below 50.

The volume profile has also supported the recent gains, showing a significant increase in buying pressure at higher price levels. Traders are paying particular attention to the development of a potential multi-week consolidation phase, which could determine the sustainability of the current trend. So far, no major bearish divergence has appeared in the momentum oscillators, maintaining a constructive view among market participants.

Technical indicators like RSI, MACD, and EMA are commonly used in the proposed backtesting framework. These tools aim to capture and validate the consistency of the bullish trend through historical price behavior.

Backtest Hypothesis

The proposed backtesting strategy focuses on identifying and entering bullish trends based on the alignment of RSI, MACD, and EMA indicators. The strategy assumes that when the RSI exceeds 50, the MACD histogram is positive and expanding, and the 50 EMA crosses above the 200 EMA, the market is likely entering a strong uptrend. Entries would be triggered at the close of a candle confirming the trend, with a stop-loss placed below the most recent swing low.

The exit mechanism involves a trailing stop or a target based on a fixed risk-reward ratio of 1:2. The performance of this strategy is intended to be measured over multiple timeframes, with a focus on maintaining a high win rate and consistent returns even during periods of volatility.