Market Overview for Bitcoin/Eurite (BTCEURI) – October 19, 2025

• Price surged sharply after midday ET, forming a bullish breakout above prior resistance
• Volatility spiked as price fluctuated between $91,500 and $93,300, with key 15-min support at $91,800
• Strong volume during the late ET push suggests potential short-term trend continuation
• RSI and MACD confirmed bullish momentum with no immediate overbought signs
• Bollinger Bands expanded with price near the upper band, signaling strong upside volatility

Bitcoin/Eurite (BTCEURI) opened at $91,936.29 on October 18, 12:00 ET, and closed at $93,299.96 on October 19, 12:00 ET. The 24-hour range extended from a low of $91,179.38 to a high of $93,395.63. Total traded volume was 4.27 BTC, with a notional turnover of approximately $382,265 EUR.

Structure & Formations

The 15-minute chart revealed a powerful bullish reversal pattern starting around 19:30 ET. A strong bullish engulfing pattern formed between $91,800 and $91,950, followed by a breakout to the upside after a consolidation period. Key support levels appeared at $91,800 and $91,500, both holding through multiple test attempts. Resistance was decisively breached at $92,000, with follow-through momentum pushing price beyond $93,000 by late ET.

Moving Averages

On the 15-minute timeframe, price closed above both the 20-period and 50-period moving averages, indicating short-term bullish momentum. The 50-period line acted as a dynamic support during the consolidation phase around $91,850, while the 20-period MA confirmed the breakout. On the daily chart, the 50-period MA is at $91,700, and the 100-period and 200-period MAs are at $91,500 and $91,300 respectively, suggesting a potential shift in the intermediate trend.

MACD & RSI

The MACD turned positive in the early ET hours and maintained bullish divergence through the close. A strong positive crossover occurred around 20:00 ET, aligning with the breakout. RSI rose above 60 for most of the session and peaked at 75 during the late ET push, showing strong upward momentum but not yet overbought. This implies further upside could be expected unless the market shows signs of exhaustion.

Bollinger Bands

Volatility expanded significantly as price pushed higher, moving from within the Bollinger Bands to near the upper band by the final hours. The 15-minute bands widened, reflecting increased buying pressure and a breakout scenario. Price hovered near the upper band in the final hours, signaling a strong trend phase but also suggesting a potential pullback could be imminent if the upper band fails to hold.

Volume & Turnover

Trading activity surged after 19:00 ET, with the most intense volume occurring between 20:00 ET and 23:30 ET. The $92,000–$93,000 range saw a volume spike of ~$180,000, confirming strong conviction in the upside move. Notional turnover increased by ~60% during this period, aligning with price action and suggesting institutional or large-cap capital involvement.

Fibonacci Retracements

Fibonacci levels from the October 18 low ($91,179.38) to the high ($93,395.63) indicated key support/resistance levels. The 38.2% retracement at $92,347.50 and 61.8% at $91,859.50 were both tested, with the 61.8% level acting as a strong support that held during a temporary pullback. Price continued past the 38.2% level with strong volume, suggesting further upward momentum is probable if the trend continues.

Backtest Hypothesis

A potential backtest strategy could leverage the observed momentum and trend strength by using a 15-minute bullish engulfing pattern as a long entry signal, with a stop-loss below the pattern’s low. Given the alignment of moving averages, MACD, and Fibonacci support, the strategy could target a 1-day hold with a stop at $91,800 and a take-profit at $92,500. This would align with the observed technical conditions and notional volume confirmation, offering a high-probability trade for short-term directional exposure.