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BTC Is Hovering Around $30k; Experts Say Its Price Will Increase Rapidly With Upcoming Halving

By July 11, 20232 minute read

The current price of Bitcoin (BTC) is $30,543.96, with an almost 0.33% decrease in the last hour. There was an increase of 1.29% in its price in the last 24 hours. The 7-day Bitcoin was down by 2.51%.

Ethereum (ETH) is currently trading at $1,879.13, with an almost 0.26% decrease in the last hour. There has been a 1.22% increase in its price in the last 24 hours. The 7-day ETH has been down by 3.88%.

The Exponential Moving Average for 10-days and 200-days indicate a “Buy” sentiment at 30348 and 26330, respectively. Similarly, the Simple Moving Average for 10-days and 200-day SMA both indicate a “Buy” at 30467 and 25392, respectively. Simple moving averages show a strong “Buy” sentiment.

The Ichimoku Base Line, valued at 28344, shows a “Neutral” sentiment for quite a long time, whereas the Hull Moving Average indicates a “Buy” signal at 30302. The Volume Weighted Moving Average at 30403 showed a “Buy” signal.

Major market oscillators point toward a “Neutral” sentiment. The Relative Strength Index (14), one of the key indicators, sits at 60, with a neutral outlook. The Stochastic %K (14, 3, 3) and the Average Directional Index (14) is at 43 and 32, respectively, further indicating a “Neutral” market.

The MACD Level (12, 26) at 617 indicates a “Sell.” The Stochastic RSI Fast (3, 3, 14, 14) is at 21 with a “Neutral” indicator, while the Williams Percent Range (14) at −51 signals “Neutral.”

As of 09:00 AM, 11th July 2023, on WazirX, Bitcoin’s current price is ₹26,00,000, with an almost 0.42% decrease in the last hour. There was a 0.15% increase in its price in the last 24 hours. In the past 7 days, Bitcoin was up by 0.01%.

Ethereum (ETH) is trading at ₹1,60,000, with a decrease of 0.62% in the last hour. There was an increase of 0.01% in the last 24 hours. The 7-day ETH is down by 0.09%.

The top gainers on WazirX include QuickSwap (QUICK), UniLend (UFT), and Matic Network (MATIC), with price increases of 32.84%, 10.09%, and 9.67%, respectively.

However, the tokens that underperformed comprised Pendle (PENDLE), Cream Finance (CREAM), and Aave (AAVE), with a price decrease of 8.05%, 7.84%, and 7.34%, respectively.

Shiba Inu (SHIB) saw a price increase of 1.07% and is now priced at ₹0.000657. Dogecoin (DOGE) saw a decrease of 0.89% and is now priced at ₹5.5700.

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