Market Overview for PAX Gold/Bitcoin (PAXGBTC) on 2026-01-17

Generated by AI AgentAinvest Crypto Technical RadarReviewed byShunan Liu
Saturday, Jan 17, 2026 8:31 pm ET1min read
BTC
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Aime RobotAime Summary

- PAXGBTC fell below 0.0484 support, testing 0.04812 support with bearish momentum.

- Volume spiked at 21:00 ET but failed to confirm a rebound, signaling potential trend exhaustion.

- RSI hit oversold 28, MACD remained negative, and price lingered below key moving averages.

- Bollinger Bands contraction and failed 61.8% Fibonacci test suggest cautious short-term outlook.

Summary
• Price drifted lower, forming a bearish trend with support near 0.04812 and resistance at 0.04863.
• Volume surged during the late New York session, but price failed to follow through.
• RSI dipped into oversold territory, suggesting potential for a short-term bounce.

PAX Gold/Bitcoin (PAXGBTC) opened at 0.04857 on 2026-01-16 at 12:00 ET, reached a high of 0.04871 and a low of 0.04812, and closed at 0.04838 by 12:00 ET the following day. Total traded volume was 29.33 BTC, with a notional turnover of 1.4248.

Structure & Candlestick Formations


The session featured multiple bearish patterns, including a key breakdown below the 0.0484 support level. A long bearish candle at 21:00 ET confirmed selling pressure. A potential bullish reversal emerged near 0.04812, where price found brief support before rebounding.

Moving Averages and Momentum


On the 5-minute chart, price spent much of the session below the 20-period and 50-period moving averages, reinforcing bearish bias. The 50-period MA hovered near 0.04845. RSI fell to 28, indicating oversold conditions, while MACD remained negative, suggesting ongoing bearish momentum.

Bollinger Bands and Volatility


Price remained in the lower half of the Bollinger Bands for much of the session, showing low volatility. A temporary contraction in the bands was observed near the close, which may signal a possible breakout or reversal in the short term.

Volume and Turnover


Volumes spiked near 21:00 ET as price dropped to 0.04812, but subsequent volume failed to confirm a rebound, hinting at potential exhaustion in the short-term trend. Turnover remained moderate throughout, with no major divergences detected between price and volume action.

Fibonacci Retracements


A recent 5-minute swing from 0.04871 to 0.04812 shows key Fibonacci levels at 38.2% (0.04845) and 61.8% (0.04857). Price tested the 61.8% level before retreating, indicating limited buying interest at these levels.

In the next 24 hours, a potential test of the 0.04812 support could confirm bearish pressure, but a bounce off this level may trigger a short-term rally. Investors should remain cautious as volatility remains constrained and directional bias is mixed.