Market Overview for Bitcoin Cash/Yen (BCHJPY): Volatility and Momentum Shift

Generated by AI AgentAinvest Crypto Technical RadarReviewed byAInvest News Editorial Team
Monday, Dec 15, 2025 8:17 am ET1min read
BCH
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Aime RobotAime Summary

- Bitcoin Cash/Yen (BCHJPY) formed a bullish engulfing pattern near 87,673 after a sharp 1,247-point drop, signaling potential reversal.

- Volume spiked 3.2k Yen rally during 21:45–22:15 ET, with RSI hitting oversold 21–23 before a 30-point rebound.

- MACD turned positive in final 90 minutes while Bollinger Bands expanded, confirming volatility and momentum shifts.

- Key 61.8% Fibonacci retracement at 88,360 and daily 38.2% level at 88,340 may act as near-term support/resistance.

Summary
• Price dropped from 88,940 to 87,693 before reversing toward 89,294, forming a bullish engulfing pattern near 87,673.
• Volume spiked during the 21:45–22:15 ET window, coinciding with a strong 3.2k Yen rally.
• RSI hit oversold territory (21–23) before a sharp rebound, suggesting potential short-term reversal.

Bitcoin Cash/Yen opened at 88,866 on 2025-12-14 at 12:00 ET, reached a high of 89,294, a low of 86,743, and closed at 87,662 by 12:00 ET on 2025-12-15. Total volume was 86.26 BCH, with a notional turnover of ¥7,474,339.

Structure & Formations


The 5-minute chart displayed a sharp bearish breakdown from 88,940 to 87,693, followed by a reversal and a bullish engulfing pattern forming near the key support level of 87,673.
. A doji appeared at 87,758 during the early morning session, indicating indecision.

Moving Averages and Momentum



The price broke below the 20 and 50-period 5-minute moving averages during the early drop but closed back above the 50-period line at the end of the session. RSI bottomed at 21–23 before a sharp 30-point rebound, suggesting potential short-term reversal. MACD turned positive in the final 90 minutes, indicating a possible shift in momentum.

Volatility and Bollinger Bands


Bollinger Band width expanded during the 21:45–22:15 ET window, aligning with the price drop and subsequent rebound. Price closed near the upper band during the 01:45–02:30 ET rally, indicating high volatility and strong buying pressure after a period of consolidation.

Volume and Turnover


Volume spiked during the 21:45–22:15 ET window, with a total of 28.63 BCH traded and ¥2,468,717 in turnover, signaling conviction in the price action. A divergence was observed between price and turnover in the final 30 minutes, with higher prices and lower turnover, which could indicate a pause in bullish momentum.

Fibonacci Retracements


The 5-minute swing from 88,940 to 87,693 saw a 61.8% retracement at 88,360, which aligned with a brief consolidation phase. On the daily chart, the 38.2% retracement from the recent high of 89,294 is at 88,340, which may act as a near-term support level.

The market may test key support at 87,673 and resistance at 89,294 in the next 24 hours. Traders should watch for divergence in volume and turning points in RSI to assess the sustainability of any breakout. As always, unexpected macroeconomic or exchange events could disrupt this pattern.