Market Overview: Secret/Bitcoin (SCRTBTC) 24-Hour Price Action

• Price of SCRTBTC rose steadily from 1.56e-06 to a high of 1.63e-06, with a final close of 1.62e-06.
• Momentum strengthened midday, with RSI peaking near overbought territory before stabilizing.
• Volatility remained low for most of the session but expanded during the final hours.
• Notional turnover spiked during a breakout near 1.62e-06 and 1.63e-06.
• No significant bearish divergence observed between volume and price movement.

Secret/Bitcoin (SCRTBTC) opened at 1.56e-06 on 2025-09-12 at 12:00 ET and closed at 1.62e-06 on 2025-09-13 at 12:00 ET. The 24-hour high was 1.63e-06 and the low was 1.56e-06. Total volume traded amounted to 24,666.8, and notional turnover was calculated as 39.72 BTC (based on closing prices).

Structure & Formations

The candlestick structure of SCRTBTC showed a clear upward trend, with key support at 1.58e-06 and resistance forming at 1.63e-06. A bullish engulfing pattern emerged around the 1.62e-06 level during the 09:30–09:45 ET period. Later, a small bearish reversal pattern was observed in the late afternoon, but it lacked volume confirmation. A doji near the 1.63e-06 level signaled potential indecision or consolidation.

Moving Averages

On the 15-minute chart, the price remained above both the 20-period and 50-period moving averages for most of the 24-hour window, reinforcing a bullish bias. On the daily chart, SCRTBTC closed above the 50- and 100-period MAs but approached the 200-period MA, suggesting potential resistance or consolidation ahead.

MACD & RSI

The MACD line showed a positive divergence with the price in the final 6 hours, indicating that the bullish momentum may persist. RSI reached 70 during the breakout to 1.63e-06 but quickly retraced to neutral levels. This suggests that overbought conditions are temporary and that further buying could occur, though caution is advised.

Bollinger Bands

Volatility expanded slightly in the last 4 hours, with the upper band reaching 1.632e-06 and the lower band at 1.615e-06. Price action remained within the bands for the most part, showing no extreme deviations. A contraction in the bands was observed between 00:00 and 05:00 ET, indicating a possible consolidation phase before the breakout.

Volume & Turnover

Volume activity was concentrated in the late morning and mid-afternoon periods, with a notable spike during the 09:30–09:45 ET 15-minute interval when price broke through 1.63e-06. Notional turnover spiked during that same period as well, confirming the move. The final 4 hours showed a decrease in volume, but price continued to trend upward, indicating strong conviction.

Fibonacci Retracements

The 0.382 (38.2%) retracement level from the recent low to the high fell near 1.596e-06, and the 0.618 (61.8%) level near 1.609e-06. Price tested both levels during consolidation but failed to break below the 61.8% level, suggesting continued bullish sentiment.

Backtest Hypothesis

A potential backtesting strategy for SCRTBTC would involve entering long positions when price breaks above the 1.60e-06 Fibonacci level with confirmed volume and RSI above 50, and exiting on a close below the 20-period moving average. This strategy aligns with the observed bullish patterns and momentum observed in the 15-minute timeframe. Stop-loss placement could be set below the 1.58e-06 support level.