Market Overview: Bitcoin/Yen (BTCJPY) on 2025-12-26

Summary
• Price formed a bullish reversal pattern near 13,600,000 with a strong breakout above 13,900,000.
• RSI crossed into overbought territory, suggesting short-term momentum could face profit-taking.
• Volume surged during the rally but diverged slightly with price in the final hour, signaling caution.

Bitcoin/Yen (BTCJPY) opened at 13,779,568 and closed at 13,870,322, hitting a high of 13,996,725 and a low of 13,580,952. Total volume was 399.667 BTC and turnover reached ¥5.65B.

Structure & Formations

A bullish engulfing pattern formed near the key support level of 13,600,000, followed by a strong rally above 13,900,000. The price has since consolidated, with resistance now at 13,960,000 and support at 13,870,000.

Moving Averages

On the 5-minute chart, price closed above both the 20 and 50-period moving averages, suggesting short-term bullish momentum. Daily chart averages (50/100/200) remain in a positive alignment, with no bearish crossovers observed.

MACD & RSI

The MACD crossed into positive territory with a moderate histogram, confirming bullish momentum. RSI climbed above 70 into overbought territory, suggesting potential pullback risk ahead.

Bollinger Bands

Volatility expanded during the late-night rally, pushing price near the upper band. This suggests a period of high conviction, though a contraction may signal a near-term pause.

Volume & Turnover

Volume spiked during the 12–4 AM ET window as price surged from 13,600,000 to 13,960,000. However, the final hour showed a modest volume decline despite price staying near highs, which could imply short-term profit-taking.

Fibonacci Retracements

Recent 5-minute swings show price retesting the 61.8% retracement level at 13,820,000 before rallying. On the daily chart, the 38.2% Fibonacci level at 13,920,000 appears to be a key short-term resistance.

Looking ahead, BTCJPY could consolidate in a 13,850,000–13,950,000 range if short-term sellers take profits. However, a break above 13,960,000 with rising volume could extend the rally. Investors should monitor the 13,820,000 support level for signs of further buying. As always, be prepared for volatility in a fast-moving crypto environment.