Market Overview: Bitcoin/Mexican Peso (BTCMXN) — November 13, 2025

Summary
• BTCMXN opened at 1,869,285.0 and closed at 1,900,040.0, with a high of 1,903,450.0 and a low of 1,851,959.0.
• Volatility spiked during overnight hours before stabilizing into a consolidation phase.
• Volume reached a peak of 1.181224 BTC in the 19:30 ET session as price dropped sharply.

Market Overview: Bitcoin/Mexican Peso (BTCMXN) — November 13, 2025

Bitcoin/Mexican Peso (BTCMXN) traded in a wide range today, opening at 1,869,285.0 and closing at 1,900,040.0, with a high of 1,903,450.0 and a low of 1,851,959.0. The total volume for the 24-hour period was 12.154153 BTC, and the notional turnover was approximately 23.3 million MXN.

Structure & Formations

Price action revealed a bearish reversal formation in the overnight hours, followed by a strong bullish rally from 06:00 to 09:00 ET. Key support levels were identified at 1,860,000.0 and 1,850,000.0, both of which held during early morning selloffs. A notable Bullish Engulfing pattern emerged at 06:00 ET, which helped drive the morning rally and marked a short-term bottom. Resistance is likely to appear around the 1,903,000.0–1,905,000.0 level.

Moving Averages

On the 15-minute chart, the 20-period SMA crossed above the 50-period SMA in the final 90 minutes of the day, signaling a short-term bullish bias. On the daily chart, the 50-day SMA is above the 100- and 200-day SMAs, indicating a longer-term bullish trend, but with a flattening slope that suggests potential for a consolidation phase ahead.

MACD & RSI

MACD turned positive in the morning, with a histogram showing increasing bullish momentum. RSI reached a low of 31 during the early selloff, indicating an oversold condition, and later climbed to 58 by the end of the session, suggesting a return to balanced momentum.

Bollinger Bands

Volatility expanded during the overnight selloff, with prices dropping to the lower band. The morning rally brought BTCMXN close to the upper band, suggesting a widening range and increasing activity. A contraction in Bollinger Band width could appear in the next 24 hours if price stabilizes into a range.

Volume & Turnover

Notable volume spikes occurred during the 19:30 ET sell-off and the 06:00–07:00 ET rally, with turnover confirming the price action in both cases. A divergence between volume and price was observed after 09:30 ET when the rally slowed despite increasing volume, suggesting a potential short-term topping pattern.

Fibonacci Retracements

Fibonacci levels applied to the overnight low (1,851,959.0) and morning high (1,903,450.0) show key levels at 1,877,590 (38.2%), 1,890,450 (61.8%), and 1,900,000.0 (78.6%). Price has found resistance near the 78.6% retracement level, which could be tested or broken in the next 24 hours.

Backtest Hypothesis

The backtesting strategy focuses on a Bullish Engulfing candlestick pattern as an entry signal for BTCMXN. Given the morning appearance of such a pattern and the subsequent rally, this signal is well-aligned with today’s price action. A 3-day holding period was used for exits, which may capture short-term momentum without overexposing to market noise. The strategy may benefit from tighter stop-loss controls or profit-taking rules in volatile conditions such as today’s.