Market Overview for Bitcoin/Hryvnia (BTCUAH) – 24-Hour Summary

• Price surged over 9% from 4,696,570 to 4,851,700 UAH in 24 hours, driven by late-night buying.
• Strong momentum evident in RSI and MACD divergence; overbought conditions flagged near 80 RSI level.
• Volatility expanded significantly; Bollinger Bands widened as price pushed through key resistance.
• Volume remained muted despite price rise; potential divergence between price and turnover noted.
• A bullish engulfing pattern formed overnight, suggesting continued upward bias ahead.

Bitcoin/Hryvnia (BTCUAH) opened at 4,696,570 UAH on 2025-09-04 at 12:00 ET and surged to 4,851,700 UAH by 12:00 ET the following day. The 24-hour session saw a high of 4,851,700 and a low of 4,695,000, with a closing price of 4,851,700. Total volume was 0.47558 BTC, and notional turnover amounted to approximately 2,267,234,255 UAH over the period.

Structure & Formations

Price action unfolded as a strong bullish sequence on the 15-minute chart, with a notable breakout above the 4,750,000–4,800,000 UAH resistance cluster. A bullish engulfing pattern formed overnight, confirming a reversal from earlier selling pressure. The price also showed a 15-minute doji candle near 4,819,700 UAH, indicating indecision after a sharp rise. A key support level appears to have formed around 4,745,572 UAH, where the price found temporary refuge before surging again.

Moving Averages

On the 15-minute chart, the 20-period and 50-period moving averages are both bullish, with the price decisively above both. The 50-period MA crossed above the 20-period MA in the morning, signaling a short-term bullish crossover. On the daily chart, the 50-period and 200-period MAs are in a positive alignment, suggesting continued upward momentum and a healthy trend.

MACD & RSI

The MACD line rose above the signal line late in the session, confirming bullish momentum. RSI reached levels near 80, signaling overbought conditions and a potential correction risk. However, the price has not yet shown signs of reversal, and the divergence between RSI and price remains bearish for longer-term positioning. A pullback to the 4,745,572–4,766,169 UAH zone could provide a re-entry opportunity for buyers.

Bollinger Bands

Volatility increased significantly as the price moved higher, causing the Bollinger Bands to widen. The upper band reached 4,851,700 UAH, where the price closed. This suggests strong buying pressure. The mid-band at 4,789,735 UAH acted as a key level earlier in the session, and the current closing price is above the upper band, indicating a potential overextension.

Volume & Turnover

Turnover was unevenly distributed, with a significant portion of the volume occurring in the final hours of the session, especially after 03:30 ET. While the total volume was relatively low (0.47558 BTC), the price action was sharp, which raises concerns about sustainability. There is a divergence between the volume profile and the price move, suggesting caution for near-term traders.

Fibonacci Retracements

Fibonacci levels on the 15-minute chart show the price closing near the 61.8% retracement level of the last major dip (from 4,851,700 to 4,745,572). On a broader scale, the 38.2% and 61.8% retracements of the daily move align closely with the 4,750,000–4,800,000 UAH zone, which now appears to be a key support area. A retest of the 50% Fibonacci level (~4,798,636 UAH) could confirm the strength of the current rally.

Backtest Hypothesis

A potential backtesting strategy could involve a 15-minute breakout entry system triggered by the price closing above the 4,750,000–4,800,000 UAH resistance, confirmed by a bullish engulfing pattern. The target would be the 4,850,000–4,900,000 UAH zone, with a stop loss set below the 4,745,572 UAH support level. This aligns with the RSI overbought condition and the MACD divergence, suggesting a short-term momentum trade. A backtest would need to account for volatility spikes and the divergences between price and volume to assess the strategy’s reliability in volatile, low-volume environments.