Market Overview for Bitcoin/Hryvnia (BTCUAH) on 2025-11-07

• Bitcoin/Hryvnia edged higher amid consolidation.
• Momentum dipped slightly in late hours.
• Volatility remained subdued, with turnover reflecting moderate interest.

Bitcoin/Hryvnia (BTCUAH) opened at 4449477.00 UAH (12:00 ET − 1) and closed at 4474251.00 UAH (12:00 ET) with a high of 4501297.00 and low of 4404726.00. Total 24-hour volume was 0.08089 BTC, and notional turnover was approximately 36.8 million UAH. The price action reflected a sideways-to-bullish trend with moderate volatility.

Structure & Formations

The 15-minute chart showed a consolidation pattern from 4445671.00 to 4494682.00, suggesting potential support at the 4430243.00 level. A bullish engulfing pattern emerged after 06:00 ET, hinting at a short-term reversal. A doji appeared near 00:45 ET, signaling indecision. Key resistance is likely to be tested near 4491781.00, while 4430243.00 appears as a critical support level.

Moving Averages

On the 15-minute chart, the 20-period moving average (SMA20) was slightly below the 50-period moving average (SMA50), indicating a sideways bias. For the daily chart, the 50/100/200-period averages were not available, but the 15-minute averages suggest BTCUAH may continue to trade within a tight range for the next 24 hours.

MACD & RSI

The 14-period RSI trended sideways, hovering near 50, suggesting neutral momentum. The MACD histogram showed weak divergences and a near-zero line, reflecting balanced buying and selling pressure. BTCUAH appears to be neither overbought nor oversold, but the RSI’s flat trajectory may hint at a potential break in trend direction in the near term.

Bollinger Bands

Price action stayed within the Bollinger Bands throughout the 24-hour period, with no significant contraction in volatility. The bands were moderately wide, indicating that while there was no recent extreme volatility, the asset remained in a stable channel. The closing candle approached the upper band, suggesting a possible breakout scenario or further consolidation.

Volume & Turnover

Volume was moderate, with the largest 15-minute volume spike at 21:45 ET (0.01372 BTC) coinciding with a bullish price reversal. Notional turnover increased during the morning and early afternoon, aligning with price consolidation. Divergences between volume and price were minimal, indicating a relatively healthy balance between demand and supply.

Fibonacci Retracements

Applying Fibonacci levels to the 15-minute swing from 4404726.00 to 4501297.00 showed the 38.2% and 61.8% retracement levels at 4441162.00 and 4464163.00, respectively. Price tested both levels, with the 61.8% acting as resistance. This suggests that a move above 4464163.00 could open the door to the 4494682.00 level, while a retest of 4441162.00 may offer a continuation opportunity.

Backtest Hypothesis

The proposed backtesting strategy hinges on RSI(14) signals for overbought conditions. However, the current dataset does not include RSI values, and the ticker BTCUAH may not be supported by standard technical indicator libraries. A more practical approach may involve using a widely supported pair such as BTCUSD for RSI data and then converting the returns into UAH using a stable UAH/USD rate. This method ensures data continuity and aligns the backtest with standard market conventions.