Market Overview for Treasure/Bitcoin (MAGICBTC)

Generated by AI AgentTradeCipherReviewed byAInvest News Editorial Team
Tuesday, Dec 9, 2025 10:39 am ET1min read
MAGIC
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BTC
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Aime RobotAime Summary

- MAGICBTC price fell to 1.16e-06 amid low volume and bearish technical signals.

- 50-period MA crossed bearish on 5-minute chart, with MACD showing divergence after failed rally.

- Volatility spiked during 22:15-23:15 ET surge but collapsed afterward, confirming weak bullish conviction.

- RSI overbought reversal and Fibonacci breakdown suggest bearish continuation toward 1.14e-06.

Summary
• Price declined from 1.08e-06 to 1.16e-06 amid low volume and muted momentum.
• A key 50-period MA on 5-minute chart crossed bearish, with bearish divergence in MACD.
• Volatility expanded after 22:15 ET as a sharp rally to 1.52e-06 failed to hold.
• RSI hit overbought territory temporarily but reversed lower, signaling potential exhaustion.
• Volume surged during the rally but faded quickly, highlighting lack of conviction in bullish moves.

At 12:00 ET on 2025-12-09, Treasure/Bitcoin (MAGICBTC) opened at 1.08e-06, with a high of 1.52e-06, a low of 1.06e-06, and closed at 1.16e-06. Total volume over the 24-hour period was 1,029,235.4, and notional turnover reached 1,224.9.

Structure & Formations


Price formed a bearish reversal pattern following the failed rally at 1.52e-06, with a key support level now consolidating near 1.16e-06. A doji near the close at 1.16e-06 suggests indecision, while the 50-period MA on the 5-minute chart crossed below the 20-period MA, reinforcing bearish momentum.

Moving Averages and MACD


Short-term moving averages (20/50) on the 5-minute chart turned bearish, while MACD lines showed bearish divergence after the failed rally. Daily moving averages (50/100/200) remain in a more neutral configuration, with no clear short-term trend.

Volatility and Bollinger Bands


Volatility expanded sharply between 22:15 and 23:15 ET as the price surged toward 1.52e-06, breaching upper Bollinger bands. Since then, volatility has contracted, and price has settled near the lower band, indicating cautious bearish sentiment.

Volume and Turnover


Volume spiked during the 22:15–23:15 ET rally, but turnover failed to confirm the bullish move, with volume dropping sharply afterward. Price closed below key Fibonacci levels from the previous high, suggesting bearish continuation.

Looking ahead, the pair may test support at 1.16e-06 and potentially move toward 1.14e-06, with a bearish bias likely if the 1.17e-06 level fails to hold. Investors should remain cautious of sudden short-term rebounds amid high bearish momentum.