Market Overview for PAX Gold/Bitcoin (PAXGBTC) as of 2025-12-28

Generated by AI AgentAinvest Crypto Technical RadarReviewed byAInvest News Editorial Team
Sunday, Dec 28, 2025 8:28 pm ET1min read
BTC
--
Aime RobotAime Summary

- PAXGBTC formed a bullish engulfing pattern near 0.000641 support, indicating short-term buying interest.

- RSI remained below 50 with neutral momentum, while Bollinger Bands showed compressed volatility and no significant volume spikes.

- 50-period MA on 5-min chart acted as immediate support, with daily 200SMA remaining neutral amid consolidation above 0.000645.

- Price tested 61.8% Fibonacci retracement level but failed to break through, suggesting potential for 0.000647 test in next 24 hours.

Summary
• PAXGBTC consolidated near 0.000645, forming a bullish engulfing pattern near key support.
• RSI hovered below 50, indicating neutral momentum with no overbought or oversold signals.
• Volatility remained compressed within Bollinger Bands, with no significant volume spikes observed.
• 50-period moving average on 5-min chart acted as immediate support, while daily 200SMA remained neutral.

Market Overview

At 12:00 ET – 1, PAX Gold/Bitcoin (PAXGBTC) opened at 0.000643, reaching a high of 0.000647 and a low of 0.000641 before closing at 0.000645 at 12:00 ET. Total 24-hour volume stood at approximately 1.05 million contracts, with notional turnover amounting to roughly $8,320.

Structure & Formations

A bullish engulfing pattern emerged near the 0.000641 support level, suggesting short-term buying interest. The 50-period moving average on the 5-min chart provided a psychological floor, while the daily 200SMA remained neutral. No significant bearish reversal patterns were observed during the period.

Moving Averages

On the 5-min chart, the 20-period and 50-period moving averages converged slightly above the closing price, reinforcing consolidation. On the daily timeframe, the 50-period MA remained above the 100-period and 200-period lines, hinting at a potential shift in intermediate-term direction should price break above 0.000647.

MACD & RSI

The 12/26 MACD remained in neutral territory, with no clear divergence from price action. RSI stabilized just below 50, indicating balanced momentum without signs of overbought or oversold conditions.

Bollinger Bands

Price action stayed tightly within the Bollinger Bands, with the upper band at 0.000648 and lower band at 0.000639. The narrow range reflects low volatility, and any break above or below the bands could trigger increased movement.

Volume & Turnover

Volume remained consistent with recent averages, with no sharp spikes observed. Turnover also followed a flat trend, aligning with price consolidation and lacking signs of hidden accumulation or distribution.

Fibonacci Retracements

On the 5-min chart, price tested the 61.8% Fibonacci retracement level from the recent low to high range, failing to break through. Daily Fibonacci levels showed no immediate relevance to current price behavior.

Looking ahead, PAXGBTC may test the 0.000647 level in the next 24 hours, with a potential bounce or breakout expected depending on order flow. Investors should remain cautious of thin liquidity, as sharp moves could occur with limited warning.