Market Overview for Bitcoin/Mexican Peso (BTCMXN): November 1, 2025

• Price action was choppy but ended higher, forming a potential bullish reversal pattern near 2037112 MXN.
• Momentum remained subdued, with RSI hovering near neutral levels and no clear overbought or oversold signals.
• Volatility dipped in the latter half of the day, with volume declining alongside reduced price swings.
• Bollinger Bands tightened in the afternoon before a modest expansion, hinting at a possible breakout attempt.
• Fibonacci retracement levels at 2045000 MXN and 2046307 MXN offered initial resistance, with volume confirming the pullback.

Bitcoin/Mexican Peso (BTCMXN) traded in a consolidating pattern on November 1, opening at 2045825 MXN and reaching an intraday high of 2053628 MXN. Price closed at 2049203 MXN at 12:00 ET, slightly above the opening level. The pair recorded a total 24-hour volume of approximately 0.345 BTC and a notional turnover of roughly 72,543,000 MXN, indicating moderate but stable trading activity.

Structure on the 15-minute chart revealed a key support zone forming between 2034167 MXN and 2037112 MXN, with several candles testing this area before rebounding. A bullish engulfing pattern emerged as price broke above this level, suggesting a possible short-term reversal. Resistance levels appeared to cluster around 2045000 MXN and 2046307 MXN, with volume increasing during tests of those levels. A doji candle appeared near 2040095 MXN, signaling indecision. The 20-period and 50-period moving averages intersected in the mid-204000s, with the 50SMA showing a slight upward bias. The 100-period and 200-period daily SMAs remained flat, suggesting no strong directional bias over the long term.

MACD (12,26,9) showed a weak positive divergence, with the histogram expanding slightly in the afternoon as price rose. RSI (14) remained within a tight range around the 50–55 level, indicating no overbought or oversold conditions. Bollinger Bands showed a contraction in the early part of the day, with price hovering near the middle band before breaking above it in the late morning. Volatility then expanded modestly, with the upper band reaching 2053628 MXN. Price spent most of the day within the 2034167 MXN–2049299 MXN range, with the recent high at 2053628 MXN appearing as a potential short-term ceiling.

Fibonacci retracement levels drawn from the recent swing low at 2034167 MXN to the swing high at 2053628 MXN identified key levels for potential price reaction. The 38.2% and 61.8% retracement levels corresponded to 2045000 MXN and 2046307 MXN, respectively. Price tested these levels with mixed volume confirmation, suggesting that further upside may require stronger conviction from buyers.