Quant/Bitcoin Market Overview: QNTBTC Consolidates in Sideways Range with Bearish Bias

• QNTBTC declines 24-hour range trade with bearish momentum in final 6 hours
• Price consolidates within Bollinger Bands amid shrinking volatility
• Key support tested at 0.000775–0.000782, resistance at 0.000790–0.000795
• Volume peaks mid-day but price fails to confirm bullish breakout
• RSI suggests oversold territory at close but bears remain dominant

24-Hour Snapshot

At 12:00 ET–1 on October 12, 2025, Quant/Bitcoin (QNTBTC) opened at 0.0008025 and traded as high as 0.000834 before closing at 0.0007779 at 12:00 ET. The 24-hour range was 0.0007717 to 0.000834, with a final close below the opening level. Total volume reached 276.89 BTC, and notional turnover was approximately 0.216 BTC (calculated from price × volume), indicating moderate liquidity and bearish pressure.

Structure & Formations

The past 24 hours on QNTBTC show a bearish consolidation after a failed attempt to break above 0.000834. A clear descending triangle pattern has formed between 0.000775 and 0.000834, with the upper resistance line failing to hold. A bearish engulfing pattern formed around 17:00 ET–1, confirming the reversal of the earlier bullish momentum. A doji appeared near 0.0008135 at 18:30 ET–1, signaling indecision, followed by a bearish breakout.

Moving Averages

The 20-period and 50-period moving averages on the 15-minute chart have diverged, with the 20SMA (0.000804) dipping below the 50SMA (0.000806), indicating bearish crossover pressure. The daily 50/100/200SMA setup shows the price at 0.0007779, well below the 50SMA of 0.000810, signaling a bearish tilt. This suggests that the shorter-term bearish momentum may continue into the next day.

MACD & RSI

The MACD line turned negative and crossed below the signal line around 17:00 ET–1, confirming the bearish bias. The histogram has been shrinking since the 22nd hour, suggesting weakening momentum. The RSI has moved into oversold territory at the close (~29), but has failed to trigger a strong rebound. This indicates a potential setup for a short-term bounce but remains within a broader bearish context. Overbought levels (70) were reached briefly on October 11 but failed to hold.

Bollinger Bands

Volatility has been relatively low in the past 24 hours, with price action largely contained between the Bollinger Bands (20-period, 2 SD). The bands have narrowed as the market consolidated between 0.000782 and 0.000795 before the final leg down. The closing candle at 0.0007779 sits just above the lower band, indicating a possible oversold condition. A breakout below the lower band would confirm a stronger bearish move.

Volume & Turnover

Volume peaked at 10.141 BTC between 00:15 and 00:30 ET, coinciding with the breakdown from 0.0007911 to 0.0007856. However, the price failed to maintain bullish momentum after that, indicating weakness in the buying pressure. Turnover also spiked in the early hours but dropped off in the final 6 hours, confirming the bearish consolidation. The divergence between volume and price during the 08:00–10:00 ET period shows a weakening bullish trend.

Fibonacci Retracements

Applying Fibonacci levels to the recent 0.0007717 to 0.000834 swing, key retracement levels include 0.000813 (38.2%), 0.000796 (50%), and 0.000779 (61.8%). The 50% level at 0.000796 was tested twice but failed to hold. The current price at 0.0007779 is near the 61.8% level, suggesting a potential area of support ahead. A break below this would extend the correction further toward the 0.0007717 level.

Backtest Hypothesis

Given the bearish engulfing pattern and bearish divergence in RSI and MACD, a potential backtesting strategy could involve a short entry upon confirmation of the breakdown below 0.000775 with a stop-loss above the 0.000782 resistance level. A target could be placed at 0.0007717 (the 100% Fibonacci level from the 0.0007717–0.000834 swing). The 50-period SMA on the daily chart can serve as an additional confirmation tool, as a further decline below 0.000810 would reinforce bearish momentum. This strategy could be tested across similar setups over the past 60 days to assess profitability and risk-adjusted returns.