Market Overview: Bitcoin Cash/Yen Faces 90,000 Re-Test After 24-Hour Rally

Generated by AI AgentAinvest Crypto Technical RadarReviewed byAInvest News Editorial Team
Saturday, Dec 13, 2025 9:24 am ET1min read
BCH
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Aime RobotAime Summary

- BCHJPY surged to 91,612 before consolidating near 90,000, forming a bullish engulfing pattern early ET.

- Volatility dropped sharply after 21:00 ET with low turnover, signaling limited conviction in price direction.

- Key support at 89,500-89,000 and resistance at 90,800-91,500 identified, with RSI showing neutral momentum.

- Fibonacci retracement at 61.8% suggests potential rebound, but market remains in wait-and-see phase.

Summary
• Price broke above 90,800 before consolidating near 90,000 amid mixed volume flow.
• A bullish engulfing pattern formed early morning, suggesting short-term bullish momentum.
• Volatility dropped sharply after 21:00 ET, indicating potential consolidation ahead.
• RSI indicates moderate momentum with no clear overbought/oversold signals.
• Turnover remains low, suggesting limited conviction in price direction.

On 2025-12-13 at 12:00 ET, Bitcoin Cash/Yen (BCHJPY) opened at 89,900, hit a high of 91,612, and a low of 89,549, closing at 90,006. Total volume was 17.1294 and turnover stood at ¥1,543,761.57 over the 24-hour window.

Structure and Support/Resistance


The 24-hour candlestick pattern showed a complex rally from 89,900 to 91,612, followed by a pullback to 89,549 before settling near 90,000. Key support levels appear around 89,500 and 89,000, with resistance at 90,800 and 91,500.
A bullish engulfing pattern formed shortly after 01:00 ET, suggesting short-term bullish momentum.

Moving Averages and Momentum


The 20-period and 50-period moving averages on the 5-minute chart crossed above the price in the morning session, supporting the bullish bias. The 50-period line now sits just below 90,100, suggesting potential for a re-test of this level. MACD remained positive but showed weakening divergence in the afternoon, while RSI hovered in neutral territory, indicating no overbought or oversold conditions.

Volatility and Bollinger Bands


Bollinger Bands showed a moderate expansion during the early morning rally, narrowing significantly after 21:00 ET, signaling a potential end to the current range-bound phase. Price has since clustered near the middle band, indicating uncertainty in direction.

Volume and Turnover


Volume spiked during key price moves in the early hours but declined significantly during the consolidation period. Notional turnover, though positive, remained below average, indicating limited conviction in the current rally. Divergence between price and volume suggests some caution in interpreting the recent bullish signals.

Fibonacci Retracements


On the 5-minute chart, the pullback from 91,612 to 89,549 retraced to roughly 61.8% of that swing, suggesting a potential base for a rebound. If this level holds, a re-test of 90,800 or even 91,500 could be expected.

Looking ahead, a re-test of the 90,800 resistance may offer a short-term opportunity, but traders should remain cautious of a potential pullback toward 89,500. A strong close above 91,000 could signal renewed bullish momentum. However, low turnover and diverging volume patterns suggest the market remains in a wait-and-see phase.