Market Overview for Heima/Bitcoin (HEIBTC) – October 13, 2025

• Price opened at $1.63e-06 and hit a high of $2.09e-06 before closing near $1.79e-06.
• A strong bullish surge occurred in the 17:30–18:45 ET window, with volume spiking to over 224k.
• The pair tested $1.8e-06 multiple times but failed to hold above it, suggesting internal bearish pressure.
• RSI remained below 40 for most of the day, indicating lack of momentum and potential oversold conditions.
• Volume and turnover diverged in the morning session, with volume dropping despite rising prices.

Heima/Bitcoin (HEIBTC) opened at $1.63e-06 on October 12 at 12:00 ET and traded in a tight range for much of the day before spiking to a high of $2.09e-06 by 17:45 ET. The pair closed the 24-hour period at $1.79e-06, with total volume of 361,470.2 and turnover of approximately $648.1. The price action suggests a tug-of-war between bullish and bearish forces, with key intraday swings and volume spikes providing insight into the underlying dynamics.

The 15-minute chart shows that the price found support at $1.8e-06 and $1.79e-06 during the late evening and night hours, with several bullish and bearish engulfing patterns forming in the range of $1.82e-06 to $1.84e-06. A long-legged doji formed at $1.8e-06 on October 13 at 12:15 ET, indicating indecision. Resistance appears to be forming at $1.9e-06 and $1.92e-06, with price failing to sustain above those levels during multiple attempts.

Moving averages on the 15-minute chart show the 20-period SMA crossing above the 50-period SMA in the early hours of October 13, offering a temporary bullish signal. However, the 50-period SMA has remained above the 100-period on the daily chart, indicating a longer-term bearish bias. On the daily chart, the 200-period SMA appears to be acting as a long-term resistance, with price yet to break above it. For intraday traders, the 20/50 crossover should be watched for potential entry opportunities, though the overall trend remains bearish.

RSI has fluctuated between 28 and 55 for most of the day, with the index dipping below 30 multiple times, suggesting the market may be entering an oversold territory. However, the RSI failed to rebound decisively, which could point to a lack of conviction among buyers. MACD has shown bearish divergence in the 17:30–19:00 ET window, with the histogram contracting after a short-lived bullish spike. Bollinger Bands have remained relatively narrow for most of the session, indicating a period of consolidation, though a sharp expansion occurred during the late-night surge, signaling a potential breakout attempt.

Looking ahead, HEIBTC may face renewed pressure to retest the $1.78e-06 level, with a potential for a short-term rebound if buyers re-enter the market at key support levels. A decisive break above $1.92e-06 could indicate a broader shift in sentiment, but investors should remain cautious as divergence in volume and price action points to uncertainty in the market.

Backtest Hypothesis: A meaningful event-based backtest would require identifying key technical signals such as MACD death-cross events in Heima/Bitcoin or other major crypto pairs. Given the current price behavior, including divergences and consolidation patterns, a MACD-based strategy could offer valuable insights into how the market reacts to such signals. For HEIBTC, the 20/50 moving average crossover and bearish MACD divergence observed on October 13 could serve as potential triggers for a backtest. By analyzing how the pair performed historically after similar events between 2022 and 2025, investors could gain a clearer picture of whether these signals offer predictive value for risk-adjusted returns.