Today’s analysis suggests an overall “Buy” signal for the market.
As of now, the current price of Bitcoin is $24670, with an almost 0.36% increase in the last hour. There was a 1.42% decrease in its price in the last 24 hours. The 7-day Bitcoin was up by 11.27%.
Ethereum (ETH) is currently trading at $1705.93, with an almost 0.25% increase in the last hour. There has been a 1.19% decrease in its price in the last 24 hours. The 7-day ETH has been up 10.68%.
The Exponential Moving Average for 10-day and 200-day indicates a “Buy” at 23705.72 and 21565.57, respectively. Similarly, the Simple Moving Average for 10-day and 200-day SMA indicates a “Buy” as well at 23340.60 and 19738.16, respectively. Both moving averages indicate a buy market.
The Ichimoku Base Line, valued at 23191.29, continues to be neutral, whereas the Hull Moving Average indicates a “Sell” signal at 24947.02. The Volume Weighted Moving Average at 23191.29 continues to signal “Buy.”
Major market indicators continue to point to a neutral sentiment. The Relative Strength Index (14), one of the key indicators, sits at 63.17, with a neutral outlook. The Stochastic %K (14, 3, 3) and the Average Directional Index (14) is at 78.63 and 38.84, respectively, further indicating a neutral market.
The MACD Level (12, 26), at 691.96, indicates a “Buy.” The Stochastic RSI Fast (3, 3, 14, 14) is at 81.14 with a “Sell” indicator, while the Williams Percent Range (14) at −22.91 also signals “Neutral.”
As of 10:00 AM, 20th February 2023, on WazirX, the current price of Bitcoin is ₹20,67,993, with an almost 0.33% decrease in the last hour. There was a 1.7% decrease in its price in the last 24 hours. In the past 7 days, Bitcoin was up 0.76%.
Ethereum (ETH) is currently trading at ₹1,42,499.9, with a 0.07% increase in the last hour. There has been a 1.09% decrease in its price in the last 24 hours. The 7-day ETH is down by 0.99%.
The top gainers on WazirX include Stacks (STX), Neo (NEO), and Quick Swap (QUICK), with a price increase of 95.08%, 50.75%, and 50.67%, respectively.
However, the tokens that underperformed comprised Dusk Network (DUSK), Nervos Network (CKB), and dYdX (DYDX), with a price decrease of 8.16%, 5.47%, and 4.63%, respectively.
Shiba Inu (SHIB) saw a price increase of 0.08% and is now priced at ₹0.001133. Dogecoin also saw a decrease of 1.2% and is now priced at ₹7.40
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