Market Overview for Request/Bitcoin (REQBTC)

Summary
• Price drifted lower on negligible volume, with key support at 1.12e-06 holding.
• No significant momentum shifts observed, RSI near oversold levels.
• Volatility remained compressed, with prices clustered near the Bollinger Band floor.

Request/Bitcoin (REQBTC) opened at 1.15e-06 on 2026-01-13 at 12:00 ET-1, reached a high of 1.15e-06, and a low of 1.12e-06, closing at 1.12e-06 by 12:00 ET on 2026-01-14. Total 24-hour volume was 59,494.0, with a notional turnover of 0.06663758 BTC.

Structure & Formations

Price moved in a tight range for the majority of the 24-hour period, with minimal price movement and no clear reversal or continuation patterns forming. A minor breakdown occurred from 1.15e-06 to 1.12e-06 over several 5-minute intervals, with support holding at 1.12e-06 without follow-through selling.

Moving Averages

On the 5-minute chart, short-term moving averages (20/50) remained flat, indicating no immediate directional bias. Daily moving averages suggest a sideways trend, with no clear separation between 50/100/200-period lines, reinforcing the lack of momentum.

Momentum and Volatility

MACD remained near zero with no distinct trend, while RSI approached oversold territory, indicating potential for a short-term bounce. Bollinger Bands remained tightly compressed, pointing to low volatility. Prices closed near the lower band, consistent with a continuation of the consolidation phase.

Volume and Turnover

Volume was extremely low for most of the period, with a few spikes at key price transitions (e.g., 17:45, 19:45, and 09:30 ET), but without significant price reactions. Notional turnover also remained low, with no divergence between price and volume to signal a reversal.

Fibonacci Retracements

Applying Fibonacci to the minor 5-minute swing (1.15e-06 to 1.12e-06), the 38.2% retracement sits at 1.1383e-06 and 61.8% at 1.1317e-06—both levels were tested briefly but not convincingly. No major daily retracements were observed due to the lack of a clear trend.

Looking ahead, price may continue to trade within the 1.12e-06 to 1.15e-06 range unless a catalyst emerges. Investors should watch for a breakout above 1.15e-06 or a breakdown below 1.12e-06, but note the risk of further consolidation with no clear direction in the next 24 hours.