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Summary
• IOBTC tested key support at 1.87e-06 before rebounding, forming a bullish hammer near session close.
• Volatility expanded mid-session, with volume spiking at 1.86e-06 as price retreated from a failed bearish engulfing pattern.
• RSI remains in neutral territory, while Bollinger Bands widen, suggesting increased uncertainty and potential for a breakout.
io.net/Bitcoin (IOBTC) opened at 1.91e-06 on 2025-12-12 12:00 ET, reached a high of 1.93e-06, a low of 1.85e-06, and closed at 1.91e-06 by 2025-12-13 12:00 ET. Total 24-hour volume was approximately 84,617.65, and turnover was around 158.39.
Structure & Formations
The 5-minute chart showed a bearish engulfing pattern forming at 1.86e-06, which coincided with a volume spike, suggesting potential short-term bearish momentum. A bullish hammer emerged at the close, indicating buyers re-entered near support at 1.87e-06.
Moving Averages
Short-term moving averages (20/50) on the 5-minute chart were mixed, with the 50-period line acting as a dynamic support. The 50/100/200 daily lines show a more neutral bias, with the price currently consolidating around the 50-day line.

MACD & RSI
MACD showed a bearish crossover earlier in the session but reversed into positive territory near the close, aligning with the bullish hammer. RSI remained between 45–55 for most of the session, avoiding overbought or oversold extremes but indicating indecision.
Bollinger Bands
Bollinger Bands widened significantly in the afternoon as the price tested and rebounded from the lower band, reinforcing the 1.87e-06 support level. This expansion signals rising volatility and a potential breakout direction in the near term.
Volume & Turnover
Volume surged around 1.86e-06 with a 5-minute candle showing 21,529.51 in volume. However, the price failed to follow through, indicating potential distribution. Turnover and volume diverged slightly during the rally, suggesting cautious accumulation or profit-taking.
Fibonacci Retracements
A 38.2% Fibonacci retracement level at 1.88e-06 served as a minor support. The 61.8% level at 1.86e-06 was tested twice and held, reinforcing its role as a critical psychological barrier.
Looking ahead, the price could test the upper boundary of the Bollinger Bands if bullish momentum continues. However, caution is warranted due to the recent indecision in the RSI and MACD. Investors should monitor the 1.86e-06 level closely for signs of a potential breakdown or consolidation.
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