Market Overview for Bitcoin/Eurite on 2025-10-27

• Bitcoin/Eurite opened at $97,605.81 and closed at $98,792.01, forming a strong bullish trend over the 24-hour period.
• Price surged to a high of $99,269.91 amid rising volume, breaking above key resistance levels.
• Oversold RSI conditions reversed sharply as momentum indicators turned bullish post 20:00 ET.
• Volatility expanded as price moved +2.3% from early support near $97,056.18 to new highs.
• Bollinger Bands widened significantly during a breakout at 22:15 ET, confirming a strong reversal pattern.

Bitcoin/Eurite opened at $97,605.81 on 2025-10-26 at 12:00 ET and closed at $98,792.01 at 12:00 ET on 2025-10-27. The 24-hour period saw a high of $99,269.91 and a low of $97,056.18. Total traded volume was 5.03703, with a turnover of $498,745,486.17 (calculated from price and volume data), showing strong accumulation in the final hours.

The 15-minute chart displayed a classic bullish reversal pattern. After a morning consolidation phase, price dropped to a 30-hour low of $97,056.18, forming a bullish engulfing pattern at 21:30 ET. This was followed by a sharp breakout to the upside, where the price decisively moved above the 20- and 50-period moving averages. Key resistance levels at $98,300 and $98,700 were pierced with strong volume, while support levels at $97,400 and $97,050 were retested but not broken.

MACD showed a strong bullish crossover in the late afternoon, with the histogram expanding as momentum accelerated. RSI bottomed near oversold conditions at 25.5 during the 21:30 ET candle and surged past 50 by 22:15 ET, confirming the reversal. Bollinger Bands expanded as volatility increased, with price moving above the upper band during the breakout. The 20-period standard deviation was elevated, indicating a phase of heightened uncertainty and positioning.

Fibonacci retracement levels played a visible role in structuring the move. The 61.8% retracement level at $98,306.75 acted as a dynamic support turning into resistance during the afternoon. The 38.2% level at $98,715.36 was briefly tested but failed as a cap, allowing price to move beyond. On the 15-minute chart, key swings from $97,056.18 to $99,269.91 were retraced back to $98,792.01 at the 23.6%–38.2% range, signaling a probable consolidation phase ahead.

Backtest Hypothesis
Given the clear presence of a bullish engulfing pattern at 21:30 ET and a confirmed breakout above key Fibonacci and moving average levels, a backtest based on this formation could offer valuable insight. If a similar pattern is identified in historical data for BTCEURI or other altcoins, a 1-day holding-period strategy could be tested. For instance, if a bullish engulfing pattern appears at a 61.8% retracement level on a 15-minute chart, with a strong RSI reversal and above-average volume, a long signal could be triggered. Testing this across a broader dataset of 2022–2025 may reveal the pattern’s consistency in capturing upward momentum.