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Summary
• Price broke key resistance near ¥13,919,302 with a bullish engulfing pattern at the 5:15 AM ET candle.
• Momentum accelerated through the day, with RSI briefly hitting overbought territory near 70.
• Volatility expanded significantly post-midnight, with volume surging past 39.95 million yen notional in the 6:15 AM ET candle.
• Price remains above the 20-period and 50-period moving averages on the 5-minute chart.
Bitcoin/Yen opened at ¥13,595,738 on December 25 at 12:00 ET, reached a high of ¥13,968,291, and closed at ¥13,935,094 on December 26 at 12:00 ET. Daily low was ¥13,580,952. Total volume for the 24-hour period was 210.96 BTC, with notional turnover exceeding ¥293,905,456,000.
Structure & Formations
A strong bullish engulfing pattern appeared at 5:15 AM ET as BTCJPY moved from ¥13,919,302 to ¥13,936,007, indicating a shift in momentum. Price found initial support at ¥13,617,395, forming a key reversal level. On the daily chart, ¥13,601,008 represents the 61.8% Fibonacci retracement level from the recent high near ¥13,968,291, suggesting potential consolidation ahead.
Volatility and Momentum

Volume and Turnover
Volume spiked above 39.95 million yen notional at 6:15 AM ET, coinciding with a bullish break above ¥13,934,210. Turnover and volume moved in alignment during the morning session, reinforcing price strength.
Looking ahead, BTCJPY may test ¥13,968,291 as resistance before potentially facing profit-taking pressure. Investors should remain cautious of a pullback toward ¥13,877,341 if momentum slows.
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