Scroll/Bitcoin Market Overview (SCRBTC) - October 13, 2025

• SCRBTC traded in a tight range for most of the 24 hours, with a late surge toward the high of $1.64e-06.
• Volume spiked significantly after 13:45 ET, reaching a peak of 27,448.2, confirming upward momentum.
• RSI and MACD showed mixed signals, with price approaching overbought levels in the final hours.
• Bollinger Bands remained narrow until the final hours, indicating low volatility.
• A bullish breakout attempt was observed but failed to close above key resistance levels.

Market Summary

At 12:00 ET−1 on October 12, SCRBTC opened at $1.52e-06 and reached a high of $1.64e-06 during the 24-hour window, before closing at $1.63e-06 at 12:00 ET on October 13. The price range reflected moderate bullish attempts, with volume peaking at 27,448.2 in the late afternoon. Total volume for the 24-hour period was 218,547.1, while total turnover amounted to $36.73.

Structure & Formations

Price action showed a bullish flag pattern between 19:15 ET and 21:30 ET, followed by a failed breakout above $1.64e-06. A doji at 08:15 ET and 08:45 ET suggested indecision, while a strong bullish engulfing pattern emerged at 13:45 ET, coinciding with a massive volume spike. Key resistances at $1.64e-06 and $1.66e-06 were tested but not held. Support levels at $1.61e-06 and $1.59e-06 appear firm for now.

Moving Averages

On the 15-minute chart, the 20-period and 50-period moving averages both trended upward in the final hours, indicating short-term bullish bias. The 50-period MA crossed above the 20-period MA near $1.60e-06, forming a golden cross. Daily 50-period and 200-period MAs suggest a sideways trend over the last several days, with no strong directional bias in the longer term.

MACD & RSI

The MACD histogram showed a bullish divergence in the final two hours of trading, with positive momentum building as price approached $1.64e-06. RSI reached 70 at 10:45 ET and hovered near overbought levels for much of the day. A bearish divergence appeared at 14:45 ET as RSI pulled back below 65 while volume dropped off, suggesting caution in the short term.

Bollinger Bands

Bollinger Bands remained compressed for most of the day, with price trading within the lower half of the band until a breakout attempt at 13:45 ET. Volatility expanded sharply after 13:45 ET, pushing price closer to the upper band at $1.64e-06. A retest of the upper band was observed at 15:45 ET, but failed to close above it. A narrowing of the bands again suggests a potential consolidation phase ahead.

Volume & Turnover

Volume was relatively low in the morning, but spiked to a 24-hour peak of 27,448.2 at 13:45 ET, confirming the bullish breakout attempt. However, turnover dropped after 14:45 ET, suggesting that buyers were hesitant to step in following the initial surge. A divergence between rising price and falling turnover at 15:45 ET indicated weakening conviction among buyers.

Fibonacci Retracements

Applying Fibonacci retracement levels to the swing from $1.52e-06 to $1.64e-06 showed that the 61.8% level sits at $1.61e-06 and acted as support twice in the 24-hour period. The 38.2% retracement at $1.57e-06 also held as a key support level. A retest of the 78.6% retracement at $1.66e-06 is likely to gauge the strength of the bullish move.

Backtest Hypothesis

Given the overbought RSI conditions observed in the final hours of trading, a backtesting strategy based on RSI crossing above 70 (triggering a sell) and below 30 (triggering a buy) could be tested on SCRBTC. For a 15-minute chart, a 14-period RSI would align with the recent momentum behavior. A 14-day RSI for daily chart analysis could also be considered. A risk overlay could involve a hard stop-loss at 5% or a maximum holding period of 24 hours to manage exposure. Backtesting this approach from 2022-01-01 to today may reveal whether such a strategy would have been viable during recent market cycles.