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Analysts Forecast A Bullish Trajectory For Bitcoin & Ethereum

By November 28, 20232 minute read

The current price of Bitcoin (BTC) is $37,163.38, with an almost 0.14% increase in the last hour. There was a decrease of 0.28% in its price in the last 24 hours. The 7-day Bitcoin was down by 0.98%.

Ethereum (ETH) is currently trading at $2,031.22, with an almost 0.24% increase in the last hour. There has been a 0.73% decrease in its price in the last 24 hours. The 7-day ETH has been up by 0.49%.

The Exponential Moving Average for 10-days and 200-days indicate a “Sell” and “Buy” sentiment at 37203 and 29907, respectively. Similarly, the Simple Moving Average for 10-day and 200-day SMA indicate a “Sell” and “Buy” at 37280 and 29378, respectively. Exponential and Simple Moving Averages show a combination of “Sell” and “Buy” sentiments.

The Ichimoku Base Line, valued at 36285, shows a “Neutral” sentiment for quite a long time, whereas the Hull Moving Average indicates a “Sell” signal at 37464. The Volume Weighted Moving Average at 36939 showed a “Buy” signal.

Major market oscillators point toward a “Neutral” sentiment. The Relative Strength Index (14), one of the key indicators, sits at 57, with a neutral indicator. The Stochastic %K (14, 3, 3) and the Average Directional Index (14) are at 65 and 48, respectively, further indicating a “Neutral” market.

The MACD Level (12, 26) at 899 indicates a “Sell.” The Stochastic RSI Fast (3, 3, 14, 14) is at 27 with a “Neutral” indicator, while the Williams Percent Range (14) at −42 signals “Neutral.”

As of 09:30 AM, 28th November 2023, on WazirX, Bitcoin’s current price is ₹32,95,600, with an almost 0.47% increase in the last hour. There was a 0.43% decrease in its price in the last 24 hours. In the past 7 days, Bitcoin was down by 0.92%.

Ethereum (ETH) is trading at ₹1,79,799, with a decrease of 0.38% in the last hour. There was a decrease of 1.39% in the last 24 hours. The 7-day ETH is up by 0.39%.

The top gainers on WazirX include Cortex (CTXC), Bakery Token (BAKE), and Contentos (COS), with price increases of 25.13%, 15.89%, and 9.68%, respectively.

However, the tokens that underperformed comprised FTX Token (FTT), Helium (HNT), and Viction (VIC), with a price decrease of 8.34%, 8.15%, and 7.83%, respectively.

Shiba Inu (SHIB) saw a price decrease of 0.13% and is now priced at ₹0.000725. Dogecoin (DOGE) saw a decrease of 0.48% and is now priced at ₹6.8627.

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