Market Overview for ZKsync/Bitcoin (ZKBTC) on 2025-10-29

• ZKsync/Bitcoin consolidates at 2.8 × 10⁻⁷ with no directional bias from 12:00 ET−1 to 12:00 ET.
• Price remains flat with no candlestick volatility, showing no signs of breakouts or reversals.
• Volume remains near zero all day, with only a few spikes post-17:30 and 01:30 ET.
• Turnover remains muted, suggesting lack of interest in the pair.
• No momentum divergence is seen; RSI and MACD remain neutral with no overbought/oversold signals.

ZKsync/Bitcoin (ZKBTC) opened at 2.9 × 10⁻⁷ on 2025-10-28 at 12:00 ET and traded within a narrow range of 2.7–2.9 × 10⁻⁷. The 24-hour high was 2.9 × 10⁻⁷ and the low was 2.7 × 10⁻⁷, with a close of 2.8 × 10⁻⁷ at 12:00 ET. Total volume for the period was 315,518.2, and total turnover remained low due to the minimal price movement and low volume.

Structure & Formations

The ZKBTC pair has shown no significant price movements or candlestick formations throughout the 24-hour window. All candles are either flat or show very minimal range. A single bearish move occurred at 17:30 ET when price fell to 2.8 × 10⁻⁷ from 2.9 × 10⁻⁷, but no follow-through was seen. The price appears to be in a tight consolidation phase with no clear support or resistance levels emerging. No notable candlestick patterns, such as dojis or engulfing patterns, were observed.

Moving Averages

The 20- and 50-period moving averages on the 15-minute chart remain flat at 2.8 × 10⁻⁷, aligning with the current price. These moving averages have not deviated due to the minimal price action. On the daily chart, the 50, 100, and 200-period moving averages are also in alignment, reflecting the absence of any directional bias. The flat structure suggests a continuation of the consolidation phase is likely unless a breakout occurs.

MACD & RSI

The MACD and signal line remain flat at zero, indicating no momentum in either direction. The histogram is also centered around zero, confirming the neutral bias. RSI is stable around the 50 level, showing no overbought or oversold conditions. The RSI line remains flat, reinforcing the lack of momentum and confirming the flat price action. This neutrality suggests the pair remains in a balanced and sideways phase.

Backtest Hypothesis

The backtest hypothesis involves identifying instances where the price of ZKBTC touches or falls below the support level of 2.7 × 10⁻⁷. Given the flat price action and the lack of volume or momentum, this strategy would need historical data to evaluate the behavior of the pair at key support levels. However, due to the current data constraints—specifically, the absence of a valid historical data source for the ticker ZKBTC—this analysis is limited to the available 24-hour candlestick data. Once a correct or alternative symbol is confirmed, the strategy can be backtested over the relevant period to validate its potential effectiveness.