Market Overview for ZKsync/Bitcoin (ZKBTC) – October 3, 2025

• ZKsync/Bitcoin traded flat around 4.7e-07 with no directional bias.
• No significant candlestick patterns emerged during the 24-hour window.
• Volume spiked midday but failed to drive meaningful price movement.
• Momentum indicators showed no signs of overbought or oversold conditions.
• Price remained within a tight range, indicating low volatility and indecision.

ZKsync/Bitcoin (ZKBTC) opened at 4.6e-07 on October 2, 2025, and reached a high of 4.7e-07 before closing at 4.7e-07 on October 3, 2025. The 24-hour period recorded a total volume of 242,951.3 BTC and a notional turnover of $0.113 (assuming $70,000 BTC), indicating moderate activity without significant directional bias.

The price of ZKBTC remained clustered between 4.6e-07 and 4.7e-07, forming a tight consolidation pattern with minimal volatility. No clear candlestick formations, such as bullish or bearish engulfing patterns or dojis, emerged to signal a potential breakout. The 20- and 50-period moving averages on the 15-minute chart overlapped closely, reinforcing the sideways trend. While the 50-period moving average on the daily chart crossed above the 200-period line, the short-term trend remains flat, suggesting indecision among market participants.

MACD indicators showed a near-zero histogram, with the fast and slow lines running parallel, indicating no strong momentum. The RSI remained between 45 and 55 for most of the period, suggesting neither overbought nor oversold conditions. Bollinger Bands remained tightly compressed, reflecting low volatility and a potential buildup for a breakout or breakdown. Fibonacci retracements applied to the recent 15-minute swing showed that price traded within the 38.2% to 61.8% range, indicating a potential key area for near-term support and resistance.

Volume activity spiked in the late afternoon and again around market open on October 3, but these surges did not result in price movement beyond the 4.6e-07 to 4.7e-07 range. Notional turnover increased during these volume spikes, suggesting genuine trading activity rather than wash trading. No divergence between price and turnover was observed, and price action confirmed the neutral sentiment across the session.

Looking ahead, ZKBTC appears to be in a period of consolidation. Traders may watch for a break above 4.7e-07 or below 4.6e-07 as potential triggers for a directional move. However, the current lack of momentum and volume suggests that the market may remain range-bound in the near term. Investors should be cautious of false breakouts and consider using tight stop-losses to manage downside risk.

Backtest Hypothesis

A potential backtesting strategy for ZKBTC involves using the 50-period moving average on the 15-minute chart as a dynamic support/resistance level, combined with RSI divergence. Specifically, a long entry could be triggered when price closes above the 50-period MA and the RSI shows a bullish divergence (price makes a lower low while RSI makes a higher low), while a short entry could be triggered when price closes below the 50-period MA and RSI shows bearish divergence. Stop-loss levels would be placed below key Fibonacci retracement levels (e.g., 38.2% for long, 61.8% for short), and take-profit targets could be set at the next Fibonacci level or based on measured move projections. This approach leverages both trend-following and momentum signals, which aligns with the observed flat but volume-driven price action in the last 24 hours.