Market Overview for PAX Gold/Bitcoin (PAXGBTC) — 2025-10-13

• PAXGBTC drifted lower over 24 hours, closing near its 24-hour low with bearish momentum and subdued volatility.
• A key support at 0.03503 was tested multiple times, with a failed rebound indicating weak buying pressure.
• Volume and turnover remained moderate, with no significant divergence or confirmation of trend strength.
• A bearish breakdown from the 0.03532–0.03556 range suggests short-term continuation below 0.03503 is likely.
• A small bullish reversal at 0.03503 in the early morning ET suggests a potential short-term bounce could form.

PAX Gold/Bitcoin (PAXGBTC) opened at 0.03549 on 2025-10-12 at 12:00 ET, drifted lower, and closed at 0.03575 on 2025-10-13 at 12:00 ET. The 24-hour high was 0.03596 and the low was 0.03468. Total volume was 168.698 BTC, with a turnover of approximately $5.97 (based on Bitcoin’s price, not PAX’s).

The 15-minute candlestick pattern showed a bearish bias as price settled near the 24-hour low, with a failed rebound attempt from 0.03503. The 50-period moving average on the 15-minute chart crossed below the 20-period, confirming a shift in short-term momentum. A notable bearish pattern emerged around 0.03525–0.03532 on October 12 at 16:30 ET, suggesting a potential breakdown. Price remained below the 50-period MA for the majority of the session, reinforcing a weak near-term outlook.

The RSI fell below 30 for several periods, indicating oversold conditions, but failed to generate a convincing rebound. MACD turned negative mid-session, with the signal line crossing below the histogram, suggesting that downward momentum is gaining strength. Volatility was mixed, with a sharp expansion in the Bollinger Bands from 0.0352–0.0359 during the evening hours, but a contraction later in the night as price settled closer to the lower band.

Fibonacci retracements of the key 15-minute swing from 0.03468 to 0.03596 showed price testing the 38.2% and 61.8% levels without confirmation. A breakdown below 0.03503 could target 0.03468, whereas a rebound above 0.03596 may see a minor test of 0.0361. Volume remained moderate throughout the session, with no clear spikes to confirm a major breakout or breakdown.

The backtest hypothesis is tied to the bearish bias observed in PAXGBTC over the 24-hour period. A potential short-term bearish continuation strategy would target a retest of 0.03503 as a key support level. If price breaks below this level with confirmation (e.g., a close below and a bearish candle), a stop-loss could be placed above the recent swing high at 0.03532. A target for this short could be the 0.03468 level, aligning with the 61.8% Fibonacci retracement.