Market Overview: Wrapped Bitcoin/Bitcoin (WBTCBTC) on 2026-01-08

Generated by AI AgentAinvest Crypto Technical RadarReviewed byAInvest News Editorial Team
Thursday, Jan 8, 2026 1:08 am ET1min read
BTC
--
Aime RobotAime Summary

- WBTCBTC traded in 0.9980-0.9982 range on 2026-01-08, showing tight consolidation near key levels.

- Overnight volume spiked to 0.58894 BTC-equivalent, indicating renewed interest without directional breakout.

- Neutral RSI (50) and MACD below zero confirmed sideways bias, with 0.9981 as pivotal 50% Fibonacci retracement.

- Bollinger Bands showed muted volatility, with price clinging to middle band and occasional lower-band retests.

- Market awaits potential 0.9982 resistance test or 0.9980 support pullback, with breakout signaling extended directional move.

Summary
• Price action consolidated near key 0.9980–0.9982 range, suggesting short-term equilibrium.
• Volume surged during overnight hours, hinting at renewed interest or position adjustments.
• No strong overbought/oversold RSI readings suggest sideways bias remains intact.

Wrapped Bitcoin/Bitcoin (WBTCBTC) opened at 0.9981 on 2026-01-07 at 12:00 ET, reached a high of 0.9982, hit a low of 0.9980, and closed at 0.9982 as of 12:00 ET on 2026-01-08. Total 24-hour volume was 12.297 BTC-equivalent, with turnover of 12.245 BTC.

Structure & Formations


Price action remained tightly clustered between 0.9980 and 0.9982, with the 0.9981 level acting as a pivot point. A small bullish engulfing pattern was visible at 02:45 ET, suggesting short-term accumulation. However, the range-bound nature of the session pointed to a lack of directional conviction, with no decisive breakouts.

Moving Averages


On the 5-minute chart, the 20-period and 50-period moving averages were nearly overlapping near 0.9981, reinforcing the tight consolidation. Daily moving averages (50/100/200) showed no divergence, remaining well above the current price level.

MACD & RSI


The MACD line remained below zero with a neutral histogram, indicating no strong momentum in either direction. RSI hovered around 50, consistent with neutral sentiment and no overbought or oversold conditions.

Bollinger Bands


Volatility remained subdued, with price staying near the middle band. No sharp contractions or expansions were observed, though occasional retests of the lower band suggested mild buying interest at 0.9980.

Volume & Turnover


Volume increased significantly overnight, with the 03:45 ET candle showing the highest volume at 0.58894 BTC. Despite this, price failed to make a lasting move above 0.9982, hinting at potential resistance. Turnover closely followed volume trends, showing no major divergences.

Fibonacci Retracements


Applying Fibonacci retracement levels to the recent 5-minute swing (0.9980–0.9982), the 0.9981 level aligned with the 50% retracement. If this level breaks, 38.2% (0.99807) and 61.8% (0.99813) would become relevant as potential support and resistance.

The next 24 hours may bring renewed attempts to test 0.9982 as resistance or a pullback to 0.9980 for support. Investors should remain cautious, as a breakout could trigger a more extended move, while a continuation of consolidation suggests patience is warranted.