Market Overview for Hive/Bitcoin on 2026-01-10

Generated by AI AgentAinvest Crypto Technical RadarReviewed byAInvest News Editorial Team
Saturday, Jan 10, 2026 6:16 am ET2min read
BTC
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Aime RobotAime Summary

- Hive/Bitcoin (HIVEBTC) tested 1.18e-06 with a bearish engulfing pattern, signaling short-term downside bias.

- Price remained in a tight 5-minute range near 1.17e-06, with RSI/MACD showing neutral momentum and subdued volatility.

- Bollinger Bands contracted and 61.8% Fibonacci support at 1.18e-06 held briefly, suggesting potential for directional breakout.

- A failed bullish attempt at 1.2e-06 and weak follow-through volume indicate buyers remain hesitant amid low conviction.

Summary
• HIVEBTC tested key levels with a bearish engulfing pattern at 1.18e-06.
• Volume spiked briefly at 14,612 HIVE but failed to confirm bullish momentum.
• Price remained in a tight range near 1.17e-06, indicating indecision.
• RSI and MACD showed no strong momentum; volatility was subdued.
• Bollinger Bands contracted toward the close, hinting at potential breakout potential.

At 12:00 ET, Hive/Bitcoin (HIVEBTC) opened at 1.18e-06, reached a high of 1.23e-06, and a low of 1.16e-06, closing at 1.17e-06. Total volume was 30,418.0 HIVE, and notional turnover amounted to 0.0353 BTC. Price remained within a tight 5-minute consolidation for much of the session, with only two significant swings.

Structure & Formations


The key 5-minute support came in at 1.17e-06, where price found a temporary floor multiple times. A bearish engulfing pattern formed at 1.18e-06 after a brief rally, signaling potential short-term bearish bias. A failed bullish attempt at 1.2e-06 was followed by a sharp retracement, indicating reluctance among buyers.
. The formation of a small bearish flag was visible near the session’s close, suggesting further downward pressure may follow.

Moving Averages


On the 5-minute chart, the 20-period and 50-period moving averages were closely aligned near 1.18e-06, showing no significant divergence. On the daily chart, the 50- and 200-period MAs suggested a neutral bias, with price hovering in a tight range near the 50-day line. This suggests that short-term traders are watching for directional breaks but have yet to take a strong position.

MACD & RSI


The MACD remained near zero for most of the session with a minor bearish crossover at the end, reinforcing potential downward pressure. RSI stayed within the 40–50 range, indicating neutral momentum with no overbought or oversold conditions. This suggests that while the market is not exhausted, it has yet to find a clear direction.

Bollinger Bands


Bollinger Bands displayed a contraction as the session neared its end, especially after the failed attempt at 1.2e-06. Price remained within the bands for the majority of the day, showing low volatility. The narrowing of the bands could signal an upcoming breakout or breakdown if traders commit to a direction.

Volume & Turnover


Volume spiked briefly during the 00:30 ET candle, with 14,612 HIVE traded and a high of 1.23e-06 reached, but price failed to hold above 1.2e-06. The lack of follow-through volume suggests the bullish push was not confirmed. Notional turnover also spiked during this period, but without price confirmation, this may indicate choppy market sentiment.

Fibonacci Retracements


On the 5-minute chart, the 61.8% retracement level was at 1.19e-06, which held briefly before price pulled back. On the daily chart, the key 61.8% retracement level from a recent swing high remains at 1.18e-06. This level could serve as a critical support threshold for the next 24 hours.

The market appears poised for a breakout in either direction, with a bearish bias slightly favored in the near term. A sustained close below 1.17e-06 could open the door for further downside. However, traders should remain cautious, as the low volume suggests a lack of conviction and volatility may remain muted.