Market Overview for Bitcoin/Dai (BTCDAI) on 2025-10-14

• Bitcoin/Dai (BTCDAI) traded lower in a volatile 24-hour session with a bearish bias emerging in the final hours.
• Price fell from a high of 115,914.38 to a closing low of 110,500.00, indicating weakening momentum.
• MACD and RSI showed bearish divergence, suggesting overbought conditions earlier in the day gave way to exhaustion.
• Bollinger Bands expanded significantly during the drop, confirming heightened volatility.
• Volume increased during key bearish moves, confirming the strength of the downward pressure.

Bitcoin/Dai (BTCDAI) opened at 114,381.20 on 2025-10-13 at 16:00 ET and closed at 110,500.00 the following day at 12:00 ET. The price reached a 24-hour high of 115,914.38 and a low of 110,200.00, indicating a pronounced bearish trend in the latter half of the period. Total traded volume was 3.34136 DAI, with notional turnover at 370,597.29 BTCDAI, highlighting increased selling pressure as the price fell.

Structure & Formations

The 15-minute candlestick data reveals a clear breakdown pattern during the session. A strong bearish engulfing candle appeared at 20:00 ET on 2025-10-13, marking a shift from bullish to bearish momentum. This was followed by a long lower shadow at 20:15 ET, indicating attempts at a rebound that failed to hold. A doji at 21:00 ET confirmed indecision in the market, and a series of long red candles afterward reinforced a downtrend. Key support levels were tested around 113,500 and 112,000, both of which were breached with increasing volume, suggesting further weakness could follow.

Moving Averages

On the 15-minute chart, the price closed below both the 20-period and 50-period moving averages at 12:00 ET, reinforcing a bearish bias in the short term. On the daily chart, the 50-period MA was crossed down below the 100-period and 200-period MAs, signaling a potential medium-term bearish trend. The breakdown of these key averages could attract further selling pressure as traders and algorithms react to the cross.

MACD & RSI

The MACD line dipped below the signal line during the early part of the session, forming a death cross that confirmed a bearish turn in momentum. The RSI moved into overbought territory at 115,914.38 but then dropped rapidly into neutral and later into oversold territory by the close. This divergence between price and momentum suggests that while the price was falling, the rate of decline may be slowing, potentially setting up for a short-term rebound or consolidation.