Market Overview for Bitcoin/Hryvnia (BTCUAH): 2025-09-22

• Bitcoin/Hryvnia (BTCUAH) experienced a sharp decline, dropping nearly 2.8% over 24 hours amid thin volume and low turnover.
• A bearish engulfing pattern formed during the early UTC hours, followed by consolidation near the session low.
• Volatility expanded briefly during the overnight session, but price remains within a descending channel.
• RSI indicates oversold conditions, yet volume remains muted, suggesting weak near-term reversal potential.
• Bollinger Bands have widened, indicating a potential period of increased volatility ahead.

Bitcoin/Hryvnia (BTCUAH) opened at 4928083.0 at 12:00 ET-1 and closed at 4835952.0 at 12:00 ET on 2025-09-22, registering a 24-hour high of 4928083.0 and a low of 4780464.0. The total volume traded was approximately 0.147 BTC, with a notional turnover of around UAH 69.4 million. The price action reflects a bearish bias, marked by a sharp drop after a brief rebound in the late UTC hours.

The structure of the 24-hour candlestick data reveals a strong bearish bias, with the price falling below key support levels. A bearish engulfing pattern formed during the early UTC session, which is typically a reversal signal, but in this case, it appears to be part of a broader bearish continuation. Additionally, several doji and spinning top candles suggest indecision, especially during the overnight hours. A key support level appears to be forming near 4800000, with a potential resistance zone at 4835000.

MACD (12, 26, 9) on the 15-minute chart remains in negative territory, indicating sustained bearish momentum. The RSI is in oversold territory, currently hovering near 28, suggesting potential for a short-term rebound. However, the volume remains low in the oversold region, which weakens the likelihood of a strong bounce. Bollinger Bands have recently widened, indicating a potential shift from consolidation to increased volatility. The price is currently trading near the lower band, which could serve as a support level or trigger a retest of the upper band if buyers step in.

Fibonacci retracement levels on the 15-minute chart suggest potential support at 4807000 (61.8%) and 4822000 (38.2%) based on the recent swing high and low. On the daily chart, a retracement at 4850000 (38.2%) and 4900000 (61.8%) may influence near-term behavior. The price is currently consolidating near 4800000, which may act as a critical inflection point in the short term.