Summary
• Price rallied to a 24-hour high of 75,075.42 EUR before consolidating below key resistance.
• Momentum indicators suggest overbought conditions emerged near the close.
• Volume surged during the final 3-hour window, indicating renewed buying pressure.
• Bollinger Bands widened during the rally, signaling increased volatility.
• A bullish engulfing pattern formed at 74,250–74,350 EUR after a pullback from the high.
Bitcoin/Eurite (BTCEURI) opened at 74,190 EUR on 2025-12-24 12:00 ET and reached a high of 75,075.42 EUR by 15:45 ET. The pair fell to a low of 74,010 EUR before closing at 74,784.32 EUR on 2025-12-25 12:00 ET. Total volume was 1.145 BTC, and notional turnover reached approximately 85.0 million EUR during the 24-hour window.
Structure & Formations
Price traced a distinct bullish trend, forming a higher high and higher low structure through the day. A key breakout above 74,598.0 EUR led to a sharp rally toward 75,075.42 EUR, forming a bullish engulfing pattern near 74,250–74,350 EUR after a brief pullback. Support levels emerged at 74,300 EUR and 74,190 EUR, with a 61.8% Fibonacci retracement from the 74,010–75,075.42 swing at 74,726 EUR aligning closely with the final close.
Moving Averages
On the 5-minute chart, price closed above both the 20-period and 50-period moving averages, suggesting upward momentum. On the daily chart, the 50-period SMA acted as dynamic support near 74,400 EUR, with price closing comfortably above the 200-period SMA.
Momentum and Volatility
The RSI surged toward overbought territory (70–75) by the close, indicating a potential pullback could follow. MACD crossed above zero and remained positive through the final hour, suggesting continued accumulation. Bollinger Bands expanded significantly during the rally, reflecting heightened volatility.
Volume and Turnover
Volume remained relatively low until the final 3 hours of the 24-hour period, when it spiked sharply to over 0.29 BTC on the 75,075.42 EUR high. Notional turnover mirrored this, rising to 21.6 million EUR in the final 15-minute interval. Volume and price aligned well during the final surge, suggesting conviction in the move.
Forward-Looking Insight
Price may consolidate above 74,726 EUR as a key short-term target before testing the 75,300 EUR level. Traders should monitor for a reversal candle near overbought RSI levels. A pullback below 74,500 EUR could trigger a test of the 74,300 EUR support zone. Investors are advised to be cautious of potential short-term profit-taking.
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