Secret/Bitcoin (SCRTBTC) Market Overview for 2025-10-05

• Price for Secret/Bitcoin (SCRTBTC) surged ~15% over 24 hours, closing at 1.74e-06.
• Strong momentum seen in midday rally, with RSI hitting 68, nearing overbought territory.
• Volatility spiked in early morning ET, with Bollinger Bands widening and high volume spikes.
• A bullish engulfing pattern formed during the late night ET push, signaling potential reversal.
• Notional turnover surged to $299,714.3, with divergence noted in later volume trends.

Secret/Bitcoin (SCRTBTC) opened at 1.49e-06 on 2025-10-04 at 12:00 ET and closed at 1.74e-06 on 2025-10-05 at 12:00 ET. The 24-hour high reached 1.95e-06, while the low settled at 1.48e-06. Total volume for the period was 1,797,192.8, with a notional turnover of $313,335.2. The price action was characterized by a strong breakout from a consolidation range, driven by increased buying pressure and a series of bullish reversal patterns.

On the 15-minute chart, SCRTBTC formed a strong bullish engulfing pattern during the early morning ET hours, as prices surged from 1.54e-06 to 1.65e-06 before stabilizing. This pattern suggests a potential short-term reversal from bearish to bullish momentum. A key support level emerged at 1.53e-06, where the price found repeated bids multiple times throughout the day. Resistance levels were identified at 1.58e-06 and 1.68e-06, with price testing both before breaking through the latter during the late morning ET.

Moving averages on the 15-minute chart showed a clear upward shift, with the 20-period MA crossing above the 50-period MA to confirm a bullish trend. On the daily timeframe, the 50-period MA was trending upward and had already crossed above the 100-period and 200-period MAs, reinforcing the idea that the longer-term trend was bullish. A continuation of this trend may see prices testing the 1.85e-06 level before facing potential pullbacks.

The Relative Strength Index (RSI) for SCRTBTC reached 68 by midday, indicating strong momentum and nearing overbought territory. MACD remained positive with a rising histogram, reflecting sustained buying pressure. Bollinger Bands showed a period of contraction early in the session, followed by a significant expansion as the price surged. The price closed near the upper band, suggesting continued bullish bias. However, traders should be cautious of a potential pullback as RSI approaches overbought levels.

Backtest Hypothesis

The provided backtest strategy focuses on capturing bullish breakouts from a defined consolidation range using the 20-period and 50-period moving averages as confirmation tools. A trade signal is generated when the price breaks above a consolidation high, and the 20-period MA crosses above the 50-period MA as confirmation of a bullish trend. Stops are placed just below the consolidation low, while a trailing take-profit is set at the nearest Fibonacci level (61.8% of the consolidation range).

Applying this strategy to the 24-hour data for SCRTBTC, a valid trade entry would have been triggered around 2025-10-05 at 05:45 ET, as the 20-period MA crossed above the 50-period MA and the price broke out of a consolidation range. A stop-loss would have been placed at 1.48e-06, while a take-profit at the 61.8% level (1.79e-06) would have captured most of the rally. This strategy appears well-suited to the recent price dynamics and could be used to capitalize on similar setups in future sessions.