Market Overview for Bitcoin/Eurite (BTCEURI): 2025-10-05

• Bitcoin/Eurite (BTCEURI) rallied to a 24-hour high of 106,521.05 EUR, up 2.8% from the prior day’s close.
• Price saw a sharp breakout from a bearish consolidation pattern between 104,300 and 105,600 EUR, confirming a bullish reversal.
• Volatility surged during early hours, with a 15-minute candle reaching a 1,355 EUR range, reflecting increased institutional participation.
• RSI entered overbought territory above 70 during the breakout, indicating possible short-term exhaustion and a potential pullback.

The Bitcoin/Eurite (BTCEURI) pair opened at 103,502.54 EUR at 12:00 ET on 2025-10-04 and closed at 104,100.00 EUR by 12:00 ET on 2025-10-05. During the 24-hour period, the price touched a high of 106,521.05 EUR and a low of 103,502.54 EUR. Total volume traded across 15-minute intervals was 6.779 BTC, while notional turnover amounted to 696.428 million EUR.

The 15-minute chart shows a key support zone forming around 103,500–103,700 EUR and a critical resistance between 105,500–105,800 EUR. A bullish breakout occurred after a prolonged consolidation phase, marked by a long bullish candle on October 5, 02:45 ET, where the price surged by 1,114 EUR in 15 minutes. This candle confirmed a shift in sentiment after a bearish engulfing pattern at the support level earlier in the session.

The 20-period and 50-period moving averages on the 15-minute chart crossed above the price at the time of the breakout, adding a bullish confirmation. RSI hit levels above 70 during the rally, suggesting the move could face short-term resistance and a potential retest of 104,500 EUR. MACD showed a strong positive divergence, with the histogram surging in tandem with the price. Bollinger Bands reflected an expansion in volatility, particularly in the early morning hours, with price staying near the upper band during the breakout.

Fibonacci retracement levels suggest a 61.8% retracement from the recent high at 106,521.05 EUR to the low at 103,502.54 EUR would place the next key support at approximately 105,021 EUR. A close below this level could target the 38.2% retracement at 104,622 EUR and then 104,300 EUR. Volume surged during the breakout, with over 2.398 BTC traded in one 15-minute candle (02:45 ET) with a high of 105,500.0 EUR, confirming strong institutional participation.

Backtest Hypothesis: A backtesting strategy based on the bullish breakout from consolidation at 103,500–103,700 EUR and confirmation by the 20/50 MA crossover could be applied with a long-entry signal at 104,300 EUR and a stop-loss just below 103,700 EUR. The target would align with the 61.8% Fibonacci retracement at 105,021 EUR. Given the recent RSI divergence and strong volume confirmation, this setup could yield a risk-reward ratio of approximately 1:1.5, making it a viable short-term trading idea.