PIVX/Bitcoin Market Overview (2025-10-14 12:00 ET)

• PIVX/Bitcoin opened at 1.97e-06 and closed at 1.76e-06, showing bearish pressure over 24 hours.
• Price dropped from a high of 1.97e-06 to a low of 1.63e-06, indicating strong volatility.
• Volume surged at 109,732 units at the close, highlighting increased selling activity.
• RSI and MACD signals suggest oversold conditions and bearish momentum.
• Key support levels at 1.72e-06 and 1.68e-06 are critical for near-term price direction.

At 12:00 ET, PIVX/Bitcoin (PIVXBTC) opened at 1.97e-06 and closed at 1.76e-06, with a 24-hour high of 1.97e-06 and low of 1.63e-06. The pair traded on a total volume of 818,367 units, generating a notional turnover of approximately 1,490,000 (based on average price). The price action reveals a strong bearish bias, with sustained selling pressure emerging during the late-night hours.

Structure and formations highlight a bearish trend with key support levels emerging at 1.72e-06 and 1.68e-06, where price has found temporary consolidation. A large bearish engulfing pattern formed in the early hours, reinforcing the downward bias. Notable resistance levels at 1.88e-06 and 1.92e-06 have failed to hold, with price breaking below these multiple times. A doji near 1.76e-06 at the close suggests potential exhaustion in the short-term decline, though without confirmation of a reversal pattern.

On the 15-minute chart, the 20-period and 50-period moving averages are in a steep bearish crossover, with the price remaining below both. On the daily chart, the 50-period, 100-period, and 200-period moving averages are also aligned in a downtrend. The 20-day SMA at 1.87e-06 is a critical level to watch for a potential short-term rebound, but as of now, price remains well below it.

The MACD line crossed below the signal line early in the session, forming a bearish crossover. RSI is currently at 28, indicating oversold conditions. However, the RSI has not shown a convincing bounce above 30, which may signal a continuation of the bearish trend. Bollinger Bands show a moderate expansion in volatility, with price sitting near the lower band at 1.76e-06, suggesting continued bearish pressure.

Volume and notional turnover spiked during the final hours of the session, with a large 109,732-unit candle forming near the 1.76e-06 close. This suggests strong selling conviction and could indicate a continuation of the bearish trend. However, no significant divergence was observed between price and volume, meaning the current trend is well-supported by increased trading activity.

Applying Fibonacci retracements to the recent 15-minute swing from 1.97e-06 to 1.63e-06, key levels at 1.84e-06 (38.2%) and 1.75e-06 (61.8%) have acted as support and resistance. The price has already fallen below the 61.8% level, suggesting a deeper correction is possible. On the daily chart, Fibonacci levels from a broader bearish move also highlight 1.72e-06 and 1.68e-06 as critical support areas to watch.

Backtest Hypothesis

The bearish momentum observed in PIVX/Bitcoin, supported by RSI in oversold territory and a MACD bearish crossover, could serve as a basis for a MACD-golden-cross backtest strategy. To proceed, the correct ticker symbol and data source are essential. If the symbol “PIVXBTC” is not recognized, common alternatives such as “BINANCE:PIVXBTC” or “KUCOIN:PIVXBTC” could be used to fetch the required data. Once a valid symbol is confirmed, the backtest can be run to evaluate the effectiveness of the MACD crossover strategy for PIVX/BTC from 2022-01-01 to 2025-10-14.