Market Overview for Bitcoin/Argentine Peso (BTCARS) – November 14, 2025

• Price declined sharply from 149,892,676 to 144,123,142 with a bearish trend.
• Volume and turnover spiked in the early part of the session before consolidating.
• RSI and MACD suggest oversold conditions and weak bullish momentum.
• Bollinger Bands show price within the lower band, indicating low volatility.
• A strong support level emerged near 144,000,000, with Fibonacci retracement key levels identified.

The Bitcoin/Argentine Peso (BTCARS) pair opened at 149,892,676 on November 13 at 12:00 ET and closed at 144,123,142 on November 14 at the same time. The 24-hour range was between a high of 149,892,676 and a low of 143,622,276. Total traded volume was 1.723 BTC, and notional turnover amounted to ARS 248,098,643,656.

Price action has shown a bearish bias, particularly in the early hours of the session, with a distinct downtrend forming after 18:00 ET. A strong support level appears to have developed near 144,000,000, which has been tested and bounced from multiple times. A morning 15-minute doji and a bullish engulfing pattern near 145,000,000 suggest potential short-term reversals, but these signals are yet to be confirmed.

Structure & Formations

Key support levels identified over the past 24 hours include 144,000,000 and 143,622,276, with 143,622,276 acting as a critical floor. Resistance levels are at 145,000,000 and 146,000,000. A morning doji at 145,000,000 and a bullish engulfing pattern at 144,500,000 may signal potential rebounds, but price remains below both in the latest candles, suggesting a cautious stance.

Moving Averages

The 20-period and 50-period moving averages on the 15-minute chart indicate a bearish crossover, reinforcing the downward momentum. On the daily chart, the 50/100/200-period EMA lines are closely aligned, with price hovering below the 50-day moving average. This suggests bearish control in both timeframes.

MACD & RSI

MACD has remained in the negative territory, with a bearish crossover and declining histogram bars, confirming bearish momentum. RSI is currently at 29.5, indicating oversold conditions, but this may not necessarily trigger a reversal without a follow-through in volume or price action.

Bollinger Bands

Price is trading near the lower band of the Bollinger Bands, suggesting low volatility and a potential rebound. However, the bands have remained narrow for most of the session, signaling a continuation of consolidation or a possible break lower.

Volume & Turnover

Trading volume peaked in the early part of the session, particularly around 18:30 and 20:30 ET, aligning with sharp price declines. However, volume has diminished significantly in the latter half of the day, despite price testing lower levels. This suggests waning bearish conviction and possible exhaustion in the downward move.

Fibonacci Retracements

Applying Fibonacci levels to the recent swing high at 149,892,676 and the low at 143,622,276 shows key retracement levels at 38.2% (~146,778,000) and 61.8% (~145,103,000). Price appears to have stalled near 144,000,000, just below the 61.8% level, hinting at potential resistance in the near term.

Backtest Hypothesis

Given the current technical setup—bearish moving averages, oversold RSI, and price near the lower Bollinger Band—a potential backtesting strategy could focus on a mean-reversion model. Triggers could include a close above the 50-period EMA, a bullish RSI divergence, or a breakout above the 145,000,000 Fibonacci level. Risk management would require stop-loss placement below the 143,622,276 level, with target levels at 145,000,000 and 146,000,000. Given the low volume in recent hours, the strategy should also account for potential false breakouts and delayed momentum confirmation.

Looking ahead, investors should watch for a potential rebound off the 144,000,000 support level and a follow-through in volume to confirm any reversal. A break above 145,000,000 could signal a short-term recovery, but a sustained break below 143,622,276 could open the door to further volatility in the near term. Investors are advised to remain cautious and monitor for a confirmation of trend continuation or reversal in the next 24 hours.