Market Overview for io.net/Bitcoin (IOBTC) on 2025-10-13

• IOBTC edged higher by 5.3% over the last 24 hours amid uneven volume and a retest of key resistance.
• Momentum shifted toward bullish territory on RSI and MACD, though signs of exhaustion emerged in the final hours.
• Volatility expanded significantly in early ET hours, with Bollinger Bands widening to reflect heightened uncertainty.
• Key support at 3.12e-06 held temporarily, while resistance clustered near 3.21e-06–3.23e-06 faced multiple failed tests.
• A bullish engulfing pattern formed at 19:30 ET but failed to maintain traction as selling pressure reemerged.

The price of io.net/Bitcoin (IOBTC) opened at 3.0e-06 at 12:00 ET–1 and climbed to a high of 3.27e-06 before closing at 3.14e-06 at 12:00 ET. Total volume for the 24-hour window stood at 155,019.19, while notional turnover reached $495.26 (based on volume * price). The move was characterized by a sharp rally in early ET hours, followed by a consolidation phase and a failed breakout in the late afternoon.

On the 15-minute chart, the 20-period and 50-period moving averages were closely aligned, suggesting a narrowing in directional bias. The 20-period MA crossed above the 50-period MA in the afternoon, offering a tentative bullish signal. However, the 50-period MA remained above 3.15e-06, indicating that the price has yet to decisively break past its own momentum. On the daily chart, the 50-period, 100-period, and 200-period MAs formed a converging cluster around 3.15e-06–3.16e-06, reinforcing the significance of this area as a key psychological level.

MACD crossed above the zero line around 19:30 ET, accompanied by a bullish divergence in RSI that pushed the indicator into overbought territory. RSI later retracted to 62.3, signaling a potential pause in the upward thrust. The 15-minute Bollinger Bands exhibited a marked widening from 19:00 to 20:30 ET, driven by aggressive volume and price swings. IOBTC closed the session near the upper band, suggesting continued tension between buyers and sellers in a market that may be positioning for a breakout.

Fibonacci retracement levels drawn from the 19:30–20:30 ET move highlighted 3.12e-06 (38.2%) and 3.21e-06 (61.8%) as critical pivot points. The 3.21e-06 level was tested twice but failed to hold, suggesting that further upside may require broader participation. The 3.12e-06 level, on the other hand, held briefly in the morning but showed signs of weakening after midday.

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The backtesting strategy described focused on the absence of Bullish-Engulfing patterns for BLSH.N between 2022-01-01 and 2025-10-13. While the dataset for IOBTC did include one clear instance of a Bullish-Engulfing pattern at 19:30 ET on 2025-10-12, it failed to hold, suggesting the need for additional confirmation tools. For future testing, expanding the pattern universe to include other reversal patterns—such as the Piercing Line or Hammer—could yield more actionable signals. Additionally, incorporating volume and RSI divergence as entry filters may improve the robustness of such strategies in lower-volume or illiquid markets like IOBTC.

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