Quant/Bitcoin (QNTBTC) Market Overview

• Price surged to 0.0008442 before consolidating near 0.0008300.
• High volatility marked early morning breakouts, with RSI hinting at overbought levels.
• Volume spiked during the key breakout but faded later, suggesting mixed conviction.
• Bollinger Bands showed a sharp expansion, indicating increased market uncertainty.
• Downturn in late trading failed to break key support near 0.0008280, signaling short-term resilience.

At 12:00 ET–1 on October 8, 2025, Quant/Bitcoin (QNTBTC) opened at 0.0008239, reached a high of 0.0008442, and a low of 0.0008199, closing at 0.0008282 by 12:00 ET on October 9. The pair exhibited heightened volatility and volume over the past 24 hours, with total traded volume of 172.938 BTC and notional turnover of approximately $144,643 (assuming $30,000 BTC price for turnover estimate).

Structure & Formations

The 15-minute chart displayed a clear bullish impulse followed by a corrective phase. The breakout above 0.0008380 was marked by a strong hammer pattern and high-volume confirmation, suggesting a shift in short-term sentiment. However, subsequent bearish engulfing patterns around 0.0008423–0.0008382 indicate cautious bearish pressure. Key support appears to be forming around 0.0008280–0.0008295, with a doji at 0.0008341 hinting at indecision.

Moving Averages

On the 15-minute chart, price crossed above the 20-period and 50-period SMAs, reinforcing the bullish breakout. For daily data (not provided), if the 50- and 100-day lines were in alignment, it might confirm a broader uptrend. The 200-day SMA could provide a longer-term floor or ceiling depending on its position relative to the recent highs.

MACD & RSI

The MACD showed a positive crossover early in the session, coinciding with the breakout. However, divergence appeared later when price continued higher but MACD flattened, suggesting a potential slowdown. RSI climbed into overbought territory near 70 during the mid-morning surge and has since retracted into neutral ground, indicating the possibility of a pullback or consolidation phase.

Bollinger Bands

Price spent much of the session inside the upper Bollinger Band, signaling strong volatility. The width of the bands expanded significantly during the breakout phase, then gradually narrowed as the price consolidated. A move back into the upper band could signal renewed bullish momentum, while a test of the lower band at ~0.0008280 may trigger further near-term uncertainty.

Volume & Turnover

Volume surged during the key breakout above 0.0008380 but declined sharply afterward, indicating waning momentum. Turnover also spiked during this period, though volume and turnover diverged later in the session, suggesting that higher prices were not being supported by increasing conviction. This divergence may hint at a temporary correction or distribution phase.

Fibonacci Retracements

Applying Fibonacci levels to the recent 0.0008199–0.0008442 swing, the 38.2% level (~0.0008329) appears to have provided support, while the 61.8% level (~0.0008293) has acted as a minor floor. The current price is near the 61.8% level, which could be a key area for short-term directionality—either a bounce or a breakdown into oversold territory.

Backtest Hypothesis

A potential backtesting strategy could focus on breakout confirmation using the 15-minute timeframe: long entries on a close above the 20-period SMA with volume above average, and short entries on a close below the 61.8% Fibonacci retracement with bearish candlestick confirmation. Stop-loss placement could be set below key support or below the recent low of the breakout pattern. This approach would aim to capture directional momentum in a volatile pair like QNTBTC, leveraging both trend-following and Fibonacci-based risk management. Given the recent divergence in volume and MACD, incorporating a pullback trigger into the strategy may improve risk-adjusted returns.