Market Overview for Bitcoin/Eurite (BTCEURI) – October 31, 2025

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• BTCEURI opened at 93135.48, surged to 95065.71, and closed at 94496.61, with a 24-hour high-to-low range of 93225.73–95065.71.
• Bullish momentum emerged after 23:30, as price broke above 93500 and accelerated into early morning highs near 95000.
• Volume spiked during the 00:15–01:15 ET window, reflecting increased buying pressure and trend confirmation.
• RSI and MACD aligned with the upward thrust, signaling a potential continuation of the bullish trend.
• Bollinger Bands showed a late-night expansion, indicating rising volatility and renewed investor interest.

Opening and Daily Performance

Bitcoin/Eurite (BTCEURI) opened the 24-hour window at 93135.48 at 12:00 ET − 1 and closed at 94496.61 at 12:00 ET. The asset hit a high of 95065.71 and a low of 92300.00, with a 24-hour volume of 6.7106 BTC and a notional turnover of 640,494 EUR. The late-night buying wave led to a sharp reversal from mid-session bearishness, with the price recovering all intraday losses.

Structure & Formations

The price action displayed a bullish reversal pattern from 19:30 ET onward, where a bearish breakdown at 92300 was quickly absorbed by a bullish counterattack. A Morning Star pattern emerged around 21:45–22:15, as price retested and closed above the prior 15-minute low. Key support levels at 92300 and 92800 were decisively rejected, while resistance at 93500 was broken to the upside. A bearish engulfing candle on the 18:15–18:30 window marked a turning point from earlier bullish momentum to bearish hesitation.

Moving Averages and Momentum

The 15-minute chart shows price above the 20 SMA since the late-night upturn, and the 50 SMA is now bullish. On the daily chart, the 50-day moving average (not available here) would typically serve as a key reference, though current data supports a strong break above trend. The MACD histogram expanded positively in the final hour of the window, while RSI hit overbought territory at 74–76, suggesting potential for a consolidation or pullback. However, the momentum remains intact.

Bollinger Bands and Volatility

Bollinger Bands reflected a tight contraction in mid-afternoon, followed by a sharp expansion as volatility spiked into the night. Price closed above the +1σ band, indicating elevated bullish pressure. The upper band reached as high as 95000 during the 01:15 ET candle, which closed at 95065.71. This suggests a potential continuation of the bullish trend but also warns of possible profit-taking or bearish correction if key resistance levels are rejected.

Volume and Turnover

Volume surged during the 00:15–01:15 ET window, with over 0.8 BTC traded in that 90-minute period. The notional turnover spiked from around 930,000 EUR in the mid-day lull to a high of nearly 15,000 EUR per 15-minute candle. This aligns with the price breakout, suggesting conviction in the bullish move. A minor divergence appears between volume and price during the 21:30–22:15 ET window, where price advanced on lower volume, indicating possible exhaustion in the initial rally.

Fibonacci Retracements

Applying Fibonacci retracements to the late-night upturn shows the 38.2% level at 93865 and the 61.8% level at 94640, which were both tested and exceeded. This implies a strong continuation of the bullish trend. On the earlier mid-day pullback from 93643.91 to 92300, the 61.8% retracement level was 92760, which served as a support pivot before the price rebounded.

Backtest Hypothesis

Given the current RSI behavior and overbought levels, a relevant backtesting hypothesis could involve a RSI-based mean-reversion or breakout strategy. A strategy that enters long positions when RSI < 30 and exits when it crosses above 40 (mean reversion) or enters when RSI > 70 and exits when it falls below 60 (momentum continuation) could be evaluated. In the context of BTCEURI's late-night surge, this approach would have triggered an entry on RSI crossing above 70 at approximately 01:15 ET. For a broader test, historical RSI behavior on daily closes from 2022 to present could be used to validate entry/exit mechanics.