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Summary
• Price formed a bearish 5-minute engulfing pattern and tested a key support at 9.129e-05.
• Volume surged to 2539.36 at the morning low, indicating potential short-term capitulation.
• RSI remains in oversold territory, suggesting a possible near-term rebound.
Horizen/Bitcoin (ZENBTC) opened at 9.454e-05 on 2025-12-14 at 12:00 ET, reaching a high of 9.48e-05 and a low of 9.129e-05, closing at 9.309e-05 at 12:00 ET on 2025-12-15. Total 24-hour volume was 6904.78, with turnover totaling 644.705 ZENBTC.
Structure & Key Levels
ZENBTC exhibited a sharp bearish swing from 9.48e-05 to 9.129e-05, forming a bearish engulfing pattern at the 5-minute timeframe. A 5-minute doji at 9.309e-05 may indicate indecision. Key support levels to watch are 9.129e-05 and 9.084e-05, while resistance includes 9.213e-05 and 9.256e-05.
Momentum and Volatility
The 5-minute RSI spent much of the session in oversold territory, hitting a low of 23, indicating a possible bounce. MACD showed negative momentum early but flattened near the close, suggesting waning bearish pressure.

Volume and Turnover
Trading volume spiked to 2539.36 at 02:30 ET, coinciding with the 24-hour low. Turnover also surged, confirming the bearish move. Price and turnover aligned during the sell-off, but volume dried up near the session’s close, hinting at fading conviction.
Fibonacci and Timeframe Implications
Fibonacci levels on the 5-minute swing from 9.48e-05 to 9.129e-05 show 61.8% at 9.195e-05 and 38.2% at 9.318e-05. Price closed near the 38.2% retracement level, suggesting potential for a pullback or consolidation. Daily timeframe moving averages (50/200) remain above the 5-minute action, reinforcing a medium-term bearish bias.
The pair may consolidate near 9.309e-05–9.353e-05 over the next 24 hours if short-term buyers step in. However, a retest of 9.129e-05 could reignite bearish momentum. Investors should watch for a breakout above 9.353e-05 as a sign of strength. As always, volatility remains a risk, and stop-loss measures are advised.
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