Market Overview for Bitcoin Cash/Tether (BCHUSDT) – October 10, 2025 (15m OHLCV)

• BCHUSDT opened at $574.7 and closed at $593.9, reaching a high of $601.2 and a low of $568.3.
• Price tested key levels around $575 and $580, forming bullish continuation patterns in late ET hours.
• Volatility expanded sharply post-ET, with turnover spiking during the $593–$601 push.
• RSI entered overbought territory near 70, suggesting caution for near-term short-term continuation.
• Bollinger Bands widened alongside the breakout, confirming increased directional momentum.

BCHUSDT opened at $574.7 on October 9, 2025 at 16:00 ET and closed at $593.9 by 12:00 ET on October 10, 2025. During the 24-hour period, the pair reached a high of $601.2 and a low of $568.3. Total volume was 11,415.36 BCH, and notional turnover amounted to approximately $6,577,125. The price showed a strong upward bias in the final 12 hours of the day.

Structure & Formations

Price found initial support at $575 and resistance at $580 throughout the 24-hour period. A bullish engulfing pattern emerged at $576.2 to $576.0 at 16:15 ET, followed by a continuation pattern at $587.9 to $585.0 at 02:00 ET. A key breakout occurred above the 61.8% Fibonacci retracement level at $592.9, which was followed by a strong move to $601.2. A doji formed at $593.4–593.4 at 03:30 ET, hinting at possible consolidation or reversal, though the trend continued higher after this formation.

Moving Averages

On the 15-minute chart, the 20-period and 50-period moving averages trended upward, with price holding comfortably above both. The 50-period line provided dynamic support during pullbacks, especially around $580–585. On the daily chart, the 50-period MA was at $575.6, the 100-period at $574.8, and the 200-period at $573.3. Price closed above all three, indicating a strong bullish bias at the longer-term horizon.

MACD & RSI

The MACD crossed above the signal line in the 18:00–20:00 ET window, aligning with the first wave of upward momentum. RSI surged to overbought levels above 70 by 03:30 ET, staying there for several hours, indicating strong but potentially unsustainable buying pressure. This suggests that a pullback may be imminent, though the overall trend remains bullish unless a reversal candlestick pattern confirms distribution.

Bollinger Bands

Bollinger Bands expanded significantly after 20:00 ET as volatility increased. The price closed above the upper band at $596.9, signaling strong conviction in the move higher. This expansion confirms an active bullish trend and may signal a continuation unless the price retraces below the middle band. The widening bands also indicate a period of high conviction from buyers.

Volume & Turnover

Volume increased substantially after 22:45 ET, with a massive volume spike at $593.4–593.4 (volume: 3,615.67 BCH). Notional turnover surged in line with the price action, confirming the strength of the move. No notable divergence between price and volume was observed, suggesting the trend remains supported. However, the overbought RSI suggests caution about potential short-term profit-taking.

Fibonacci Retracements

Key Fibonacci levels on the 15-minute chart were respected, with the 61.8% level at $592.9 acting as a decisive support-turned-resistance. On the daily chart, the 61.8% retracement of the broader move from $568.3 to $601.2 was at $584.9, which was also a support level. Price held above this during the 24-hour period, reinforcing the bullish case for further upside.

Backtest Hypothesis

Given the technical setup, a backtesting strategy could focus on entries on the 15-minute chart following bullish engulfing patterns or above key Fibonacci levels, with stop-loss placed below recent swing lows. A long-biased approach would involve entering on confirmation of a break above $590 with a target near $605 and a stop below $585. This strategy could be backtested over multiple 15-minute sessions to assess its reliability in the current volatility and trend environment.