Market Overview for PIVX/Bitcoin on 2025-12-29

Generated by AI AgentAinvest Crypto Technical RadarReviewed byAInvest News Editorial Team
Monday, Dec 29, 2025 7:35 am ET2min read
BTC
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Aime RobotAime Summary

- PIVXBTC formed a descending triangle with support at 1.42e-06 and resistance at 1.47e-06.

- Price closed below the 20-period SMA, confirmed by a volume spike at 073000 ET.

- RSI near 30 and Bollinger Bands expansion suggest oversold conditions but no reversal.

- Fibonacci levels indicate 1.44e-06 support; bearish structure remains, with potential retest of 1.42e-06 ahead.

Summary
• PIVXBTC formed a descending triangle pattern with key support at 1.42e-06 and resistance at 1.47e-06.
• Price closed below the 20-period SMA, indicating bearish bias in the short term.
• Volume surged in late ET hours, confirming the breakdown below 1.45e-06.
• RSI hovered near 30, suggesting mild oversold conditions but no clear reversal signal.
• Bollinger Bands showed low volatility early in the session before a mid-session expansion.

PIVX/Bitcoin (PIVXBTC) opened at 1.46e-06 at 12:00 ET-1, reaching a high of 1.47e-06 and a low of 1.42e-06, before closing at 1.44e-06 at 12:00 ET. Total volume for the 24-hour period was 186,401.0, while notional turnover was approximately 0.1135 BTC.

Structure & Formations


Price action in the 5-minute OHLCV dataset formed a descending triangle pattern, bounded by a horizontal resistance near 1.47e-06 and a descending trendline support. A breakdown below 1.45e-06 occurred during the 073000–080000 ET block, later confirmed by a bearish engulfing pattern and a sharp volume spike. The 1.42e-06 level has held firm as a short-term floor, with a bullish pinocchio candle forming around that level late in the session.

Moving Averages and MACD

The 20-period and 50-period SMAs on the 5-minute chart both trended downward during the session, with price consistently below both. MACD remained negative throughout, with a bearish crossover and a modest divergence in the histogram suggesting ongoing selling pressure. The 50-period daily SMA is not currently available, but the 100- and 200-period lines suggest a longer-term bearish structure.

RSI and Bollinger Bands


Relative Strength Index (RSI) settled in the mid-30s by session close, signaling a potential oversold condition, though without a clear reversal setup. Bollinger Bands displayed a period of contraction early in the session, followed by a midday expansion, with price trading closer to the lower band during the breakdown. This suggests a period of consolidation before a directional move.

Volume and Turnover


Trading volume remained near zero for the first five hours of the session, indicating low liquidity and apathy. A sharp spike occurred at 073000 ET, with 56,271.0 units traded, and another significant increase at 094500 ET, with 63,365.0 units, confirming the breakdown. Notional turnover mirrored this, with the majority of trading volume concentrated in the final six hours of the session.

Fibonacci Retracements

Applying Fibonacci levels to the 5-minute swing from 1.47e-06 to 1.42e-06 shows that price found support near the 61.8% retracement level at 1.44e-06. This area may offer temporary buyers. On the daily chart, retracement levels from larger moves remain relevant, though not visible in the 5-minute dataset.

Price appears to be consolidating near 1.44e-06 and may test 1.42e-06 again in the next 24 hours. A sustained close above 1.45e-06 could reverse the short-term bias, but the bearish structure remains intact. Investors should remain cautious as volatility could increase with further volume.