Market Overview for Bitcoin/Eurite (BTCEURI) – 2025-10-14

• Bitcoin/Eurite opened at $98,901.93 and closed at $96,614.41 on 2025-10-14 at 12:00 ET.
• Price dropped 1.69% over the last 24 hours, reaching a low of $95,000.
• A bearish momentum was confirmed by the RSI crossing below 50 and MACD turning negative.
• Volatility expanded, with Bollinger Bands widening through the session.
• Volume spiked during the overnight hours but failed to support a bullish reversal.

Bitcoin/Eurite (BTCEURI) opened at $98,901.93 on 2025-10-13 at 12:00 ET and closed at $96,614.41 on 2025-10-14 at the same time, marking a 24-hour decline of 1.69%. The pair hit a high of $99,643.46 and a low of $95,000. Total trading volume over the 24-hour window was approximately 30.06 BTC, with a total turnover (notional value) of roughly $2.9 billion. Price action showed strong bearish pressure during the early morning hours, with a series of bearish engulfing patterns and a long lower shadow at the session's end.

Structurally, key support appears to form at the $95,000 psychological level, with the 20-period and 50-period moving averages both trending downward. The 50-period SMA at $97,200 and the 20-period SMA at $98,000 have both crossed below the price, reinforcing the bearish bias. On the daily timeframe, the 100-period and 200-period SMAs continue to lag well above the current price, suggesting the bearish trend could extend for a few more sessions.

The MACD crossed into negative territory during the early morning, confirming the shift in momentum, while the RSI dipped below 50 and hovered near 40, indicating moderate bearish momentum. The pair briefly approached oversold territory (RSI ~35) near $95,500 but failed to form a strong bullish reversal. Volatility was evident as Bollinger Bands expanded during the overnight session, with prices moving well below the lower band, suggesting a possible short-term bounce or consolidation.

Volume was highest in the early morning hours, peaking at $99,643.46, and again during the late afternoon and early evening, although these volume spikes failed to support a bullish breakout. A divergence appears between the price and volume, with volume decreasing as the price continued to fall, a bearish sign. Fibonacci retracements of the recent 15-minute swing from $95,000 to $99,643.46 highlight potential levels at $97,200 (38.2%) and $95,800 (61.8%), which could act as key support levels in the short term.

Backtest Hypothesis
To back-test a strategy based on the 15-minute Bullish-Engulfing pattern on BTCEURI, several parameters need to be established. First, the strategy assumes data is sourced from a major exchange like Binance or Coinbase, with the symbol “BTCEUR” representing the instrument. The Bullish-Engulfing pattern is detected on 15-minute candles, with the second candle in the pattern confirming a reversal by closing above the low of the preceding bearish bar.

Upon detection, a long position is entered at the close of the second candle. The exit strategy is based on the first 15-minute close above the pattern’s high. If the price fails to reach this level within three trading days, a maximum-hold exit is enforced. No stop-loss or take-profit levels are currently included, assuming equal position sizing (1 unit per trade) and no compounding. This setup can be applied from 2022-01-01 to the present.