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Summary
• Price remained tightly clustered near 0.9982–0.9983, with minimal range expansion.
• Volume was sparse throughout the session, indicating low conviction in price direction.
• No strong momentum signals from RSI or MACD, suggesting a consolidation phase.
• Bollinger Bands showed no significant widening; price action remains range-bound.
• A minor breakdown near 0.9980 occurred, but it failed to confirm as a key support level.
Wrapped Bitcoin/Bitcoin (WBTCBTC) opened at 0.9982 on 2025-12-24 12:00 ET, reached a high of 0.9983, a low of 0.9980, and closed at 0.9981 on 2025-12-25 12:00 ET. Total volume was 9.1104, and notional turnover amounted to 9.0913 (based on volume × average price of ~0.99815).
Structure & Formations
Price remained tightly clustered near 0.9982–0.9983 throughout the session, indicating a strong horizontal consolidation. No definitive candlestick patterns such as engulfing or doji emerged to signal a potential breakout. The 0.9980 level briefly dipped and repelled price, suggesting it may serve as a near-term support zone.
Moving Averages
On the 5-minute chart, the 20-period and 50-period moving averages remained near 0.9982, with price hovering just above both. On the daily chart, the 50-period and 200-period moving averages suggest a neutral bias, with no strong directional pull evident.
MACD & RSI
MACD remained flat near zero, reflecting weak momentum. RSI hovered around 50, indicating neither overbought nor oversold conditions. This suggests a continuation of sideways trading with no immediate reversal signals.

Bollinger Bands
Volatility remained low, with Bollinger Bands narrow and price action largely contained within the upper and lower bands. No significant contractions or expansions were observed.
Volume & Turnover
Volume remained sparse across the session, with no significant spikes observed. The highest single-candle turnover occurred at 22:45 ET (1.64965) as price dipped to 0.9981. This suggests limited conviction in either direction, with traders likely holding back on larger moves.
Fibonacci Retracements
Applying Fibonacci retracements to the 5-minute swing from 0.9980 to 0.9983 showed no strong reaction at the 38.2% (0.99819) or 61.8% (0.99823) levels. This indicates that traders did not show significant interest in these levels, and price likely will test them again in the near term.
Looking ahead, traders may watch for a directional break from the 0.9980–0.9983 cluster, though the low volume and neutral momentum suggest a continuation of consolidation is likely. A breakdown below 0.9980 could test deeper support, while a strong close above 0.9983 could signal renewed bullish interest.
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