Market Overview for Altlayer/Bitcoin (ALTBTC): November 7, 2025

• ALTBTC consolidates near 1.7e-07 after a modest bounce from 1.5e-07.
• 24-hour volume surges post-20:30 ET with a bullish break of 1.6e-07.
• MACD and RSI indicate neutral momentum, with no overbought/oversold signals.

The Altlayer/Bitcoin (ALTBTC) pair opened at 1.6e-07 on November 6, 2025 at 12:00 ET, reached a high of 1.8e-07, and closed at 1.7e-07 as of 12:00 ET on November 7. The 24-hour trading period saw a total volume of approximately 1.73 million contracts and a turnover of 0.3015 BTC equivalents. ALTBTC appears to be navigating a narrow range with occasional volatility spikes.

Structure & Formations

ALTBTC displayed limited directional bias over the 24-hour period but experienced a key breakout after 20:30 ET. A small bullish breakout above the 1.6e-07 level was observed, followed by a brief consolidation phase. No major candlestick patterns such as bullish engulfing or doji formed, but the price action suggested attempts to reclaim higher ground after earlier support at 1.5e-07.

Moving Averages

On the 15-minute chart, the 20-period and 50-period moving averages remained tightly clustered near the 1.6e-07 level, reflecting low volatility. The 200-period daily MA appears to be flat, suggesting no strong underlying trend. ALTBTC has shown a tendency to trade close to its 50-period MA, indicating a potential sideways bias.

MACD & RSI

The MACD histogram displayed mixed signals with minor divergence between price and momentum. While the RSI hovered between 50 and 55 over the last 12 hours, it suggested neutral momentum with no signs of overbought or oversold conditions. This suggests a potential continuation of the range-bound behavior unless a stronger breakout occurs.

Bollinger Bands

Volatility, as measured by Bollinger Bands, was relatively narrow for most of the 24 hours, with ALTBTC remaining within the central band. However, a brief expansion occurred after 20:30 ET, when price broke above the upper band. This may indicate a potential short-term reversal or breakout attempt.

Volume & Turnover

Volume spiked significantly during the breakout phase, particularly between 20:30 and 22:00 ET, with over 600,000 contracts traded. Notional turnover aligned with the volume spike, confirming the breakout. However, subsequent trading showed a pullback in both volume and turnover, suggesting caution among traders.

Fibonacci Retracements

Applying Fibonacci retracements to the 1.5e-07 to 1.7e-07 swing, key levels of 38.2% (1.622e-07) and 61.8% (1.655e-07) may act as potential resistance levels. The current price is hovering near the 50% level, suggesting a possible consolidation phase before any further directional move.

Backtest Hypothesis

The 3-day Bullish Engulfing backtest strategy relies on identifying a bearish candle followed by a larger bullish candle that engulfs the prior bearish body. Given ALTBTC's current behavior, a 15-minute timeframe with 20/50-period moving averages and RSI could serve as confirmation tools. If this pattern forms, traders may consider entering long positions with tight stop-loss orders near the 1.5e-07 level.