Market Overview for Bitcoin/Hryvnia on 2025-12-21

Summary
• BTCUAH exhibited a bullish reversal pattern at 3992758.0 UAH, followed by a sharp rally to 4062550.0 UAH.
• Momentum increased on the 5-minute chart with RSI approaching overbought territory late in the session.
• Volatility expanded significantly during the morning hours, as seen from the wide Bollinger Band range.
• On-balance volume was sparse, with most price action unfolding on low-volume candles.

Opening Snapshot

At 12:00 ET−1, Bitcoin/Hryvnia (BTCUAH) opened at 4003062.0 UAH, reached a high of 4062550.0 UAH, and closed at 4044989.0 UAH at 12:00 ET. Total volume over the 24-hour window was 0.01414 BTC, with a notional turnover of approximately 56.9 million UAH.

Structure & Formations

A notable bullish reversal pattern emerged as price dropped to 3992758.0 UAH before reversing sharply higher. This appears to indicate a key support level forming in that area. A few consolidation candles followed, with a 5-minute engulfing pattern visible at 4002780.0 UAH

signaling potential resumption of the upward trend.

Moving Averages

On the 5-minute chart, the 20-period and 50-period moving averages diverged significantly during the morning, with price closing above both toward the end of the session. For the daily chart, while not fully visible within this 24-hour window, price appears to be trading above the 50-period moving average, suggesting a short-term bullish bias.

MACD & RSI

Momentum picked up in the final hours, as seen in the MACD histogram expanding in the positive territory. The RSI approached overbought levels (above 70) at 12:45 ET, indicating a potential pullback could be on the horizon. However, as long as RSI remains above 50, bullish momentum appears intact.

Bollinger Bands

Volatility expanded in the morning as price moved from 3989640.0 UAH to 4062550.0 UAH, pushing price toward the upper Bollinger Band. This expansion suggests increased market uncertainty or activity. Price subsequently consolidated near the middle band in the late afternoon.

Volume & Turnover

Volume remained low for most of the 24-hour window, with a few spikes observed in the early morning and mid-afternoon. The most significant price movement occurred on relatively low volume, which could indicate a lack of broad consensus or liquidity support.

Fibonacci Retracements

Key Fibonacci levels were formed from the 3989640.0 UAH to 4062550.0 UAH swing. The 61.8% retracement level currently sits near 4033469.0 UAH, which was briefly tested in the afternoon. A break above 4062550.0 could signal the start of a new upward leg.

Looking ahead, BTCUAH may test 4062550.0 UAH as a potential resistance level, but with limited volume behind the move, a pullback into consolidation is a probable near-term outcome. Investors should remain cautious about overbought conditions and be prepared for increased volatility if the 4062550.0 UAH level is convincingly broken.