Market Overview for Wrapped Bitcoin/Bitcoin (WBTCBTC) – 24-Hour Analysis

Summary
• Price consolidated tightly around 0.9975, lacking clear directional momentum on 5-minute chart.
• A sharp pullback emerged from 0.9976 to 0.9971 between 20:30 and 21:15 ET, followed by partial recovery.
• Volume spiked during the 20:30-21:15 selloff but failed to confirm follow-through buying.
• RSI hovered near the midpoint, indicating neutral momentum with no overbought or oversold signals.
• Bollinger Bands narrowed ahead of the selloff, hinting at a potential breakout that failed to materialize.

Wrapped Bitcoin/Bitcoin (WBTCBTC) opened at 0.9975 on 2026-01-13 at 12:00 ET, reaching a high of 0.9978 and a low of 0.9971 before closing at 0.9976 at 12:00 ET on 2026-01-14. Total volume amounted to 358.0398 BTC, with notional turnover of 357.0219.

Structure & Formations

The price remained clustered between 0.9974 and 0.9976 throughout most of the session, showing limited volatility. A notable bearish move occurred after 20:30 ET, where price broke below the 0.9975 psychological level and briefly tested 0.9971. A 20-period 5-minute moving average held just above 0.9975, acting as a key support level during the rebound attempts.

MACD & RSI

MACD showed a flat histogram and a near-horizontal zero line, reflecting the lack of directional bias. RSI remained between 48 and 53, confirming neutral momentum. No clear overbought or oversold conditions were observed, suggesting market indecision.

Bollinger Bands

Volatility compressed before the selloff, with the bands narrowing sharply. After the dip to 0.9971, the price began to consolidate around the upper band, suggesting potential follow-through buying. However, this breakout attempt lacked volume confirmation.

Volume & Turnover

Volume increased significantly during the selloff, peaking at 31.3451 BTC at 20:30 ET. Despite the large volume, turnover remained relatively low, indicating a possible divergence. The subsequent rebound showed minimal follow-through volume, limiting the likelihood of a sustained rally.

Fibonacci Retracements

Applying Fibonacci to the key 0.9976 to 0.9971 swing, 0.9974 marked the 38.2% level, where price found support. A break below 0.9974 could target the 61.8% level at 0.9973, with further confirmation needed for a deeper decline.

WBTCBTC may continue to test its consolidation range in the next 24 hours, with 0.9974 and 0.9976 key watchpoints. Investors should remain cautious of a breakdown below 0.9974, which could trigger renewed bearish pressure.