Market Overview for VulcanForged/Bitcoin (PYRBTC) on 2025-09-20

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• Price action showed a 0.10% increase on the 24-hour horizon, with bullish momentum visible in late-day rallies.
• Volatility expanded during the 09:00–10:00 ET window with a 15-minute high of $0.00000979.
• Volume spiked during the 08:45–09:00 ET window, confirming a potential breakout attempt.
• RSI showed no overbought/oversold signals, indicating balanced short-term momentum.
• Bollinger Bands reflected moderate volatility, with price testing the upper band near $0.00000979.

Opening Summary

At 12:00 ET on 2025-09-19, PYRBTC opened at $0.00000959. Over the next 24 hours, the pair reached a high of $0.00000979 and a low of $0.00000951, closing at $0.00000965 at 12:00 ET. Total volume traded in the 24-hour window was 6,618.95, with a notional turnover of approximately $63.39 (based on average price of $0.00000957).

Structure & Formations

The 15-minute chart revealed a key support level forming between $0.00000951 and $0.00000959, reinforced by multiple retests and a bearish engulfing pattern at 23:30 ET. A bullish counterattack at 08:45 ET, marked by a strong candle closing at $0.00000979, may indicate a short-term reversal. A notable bullish harami formed at 00:45 ET, adding to the narrative of consolidation and potential breakout.

Volume & Turnover

Volumes surged during the 08:45–09:00 ET window, with a turnover of $279.60, aligning with the 15-minute high of $0.00000979. This suggests a strong institutional or large-scale participation at the upper end of the recent range. However, after the 09:00 ET high, volumes dropped sharply, indicating a lack of follow-through. This divergence may imply a false breakout and a potential return to the consolidation phase.

Moving Averages, MACD, RSI & Bollinger Bands

The 20-period and 50-period moving averages on the 15-minute chart show a bullish crossover at $0.00000962 during the 03:30–04:00 ET window, suggesting a short-term uptrend. MACD crossed above the zero line around the same time, reinforcing bullish momentum. RSI hovered around the neutral zone (50–55), showing no overbought conditions but indicating the market is not oversold.

Bollinger Bands expanded after 08:45 ET, with the price briefly breaching the upper band. This volatility expansion may indicate a breakout attempt, but without sustained volume, the move could be short-lived. The 20-period Bollinger Band width reached a 24-hour high of 0.00000017 at 09:00 ET.

Fibonacci Retracements

Applying Fibonacci to the 15-minute move from $0.00000951 to $0.00000979, price found initial resistance at the 38.2% level of $0.00000964 and retested the 61.8% level at $0.00000972 before pulling back. This suggests that buyers may need to overcome the $0.00000972–$0.00000973 range to confirm a more lasting bullish move.

Backtest Hypothesis

A potential backtest strategy involves entering long positions when the 20-period and 50-period EMA cross above the price and confirming with a bullish RSI divergence. Exit would occur on a close below the 20-period EMA or on a bearish engulfing pattern. Given the 15-minute volatility and the recent consolidation, a 2–4-hour holding period may capture short-term momentum without exposing the position to overnight risks.