Summary
• Price action formed a bullish reversal pattern near 1.14e-06 after testing key support.
• RSI suggests moderate momentum with no clear overbought or oversold signals.
• Volume surged during the 10:00–11:00 ET window, confirming a breakout attempt.
Flux/Bitcoin (FLUXBTC) opened at 1.16e-06 on 2026-01-12 12:00 ET, hit a high of 1.24e-06, a low of 1.13e-06, and closed at 1.21e-06 on 2026-01-13 12:00 ET. Total volume was 137,745.15, and turnover amounted to 0.1619 BTC over 24 hours.
Structure & Formations
The price tested the support level of 1.14e-06 twice, forming a bullish reversal pattern during the 20:00–05:00 ET period. A bullish engulfing pattern appeared at 02:15 ET, suggesting a potential short-term reversal after prolonged consolidation. A doji at 00:15 ET indicates indecision before a renewed upward attempt began.
Moving Averages
On the 5-minute chart, the 20-period and 50-period moving averages crossed below price during the 03:00–04:30 ET window, signaling a short-term bullish bias. Daily moving averages, though not explicitly calculated here, likely remained flat or slightly positive, aligning with the trend.
MACD & RSI
MACD showed a bullish crossover early in the morning of January 13, with a narrow histogram indicating a build-up of bullish momentum. RSI remained in the 40–60 range for most of the day, showing moderate but not extreme momentum. No clear overbought or oversold signals emerged.
Bollinger Bands
Volatility expanded during the 10:00–11:00 ET window as price moved above the upper Bollinger Band, signaling a breakout attempt. Price generally remained within the bands but with several near-touches of the upper boundary, suggesting elevated volatility.
Volume & Turnover
Volume surged during the 10:00–11:00 ET window, with a large 5-minute candle showing 4,810.22 volume at 11:45 ET. Turnover spiked from 0.0057 BTC to over 0.025 BTC during the 12:15 ET candle. Volume and price action moved in alignment, confirming the bullish bias of the recent move.
Fibonacci Retracements
Applying Fibonacci levels to the 1.13e-06 to 1.24e-06 swing, the price retested the 61.8% retracement level (around 1.18e-06) before pushing higher. This suggests 1.18e-06 may act as a key support level for potential pullbacks.
Price may continue to test the 1.24e-06 high in the next 24 hours if volume remains strong. A breakdown below 1.18e-06 could signal a shift in sentiment, though the current structure appears more aligned with a bullish continuation. Investors should monitor volume and RSI levels for signs of exhaustion.
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