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Bitcoin Failing To Hold The $69,000 Support, Analysts Predict Further Declines.

By June 12, 20241 minute read

The price of Bitcoin is $67,463.07. There was a 0.15% decrease in its price in the last 24 hours. The 7-day Bitcoin is down by 4.75%.

Ethereum (ETH) is currently trading at $3,526.42. There has been a decrease of 0.27% in its price in the last 24 hours. The 7-day ETH is down by 7.16%.

Technical indicators show that the hourly MACD is losing momentum in the bearish zone, while the hourly RSI for BTC/USD has fallen below the 50 level. Major support levels are identified at $66,700 and $66,000, providing potential price floors. On the upside, major resistance levels are noted at $68,000 and $68,500, which could act as hurdles for any upward movement.

As of 02:00 PM, June 12, 2024, on WazirX, Bitcoin’s current price is ₹60,00,000. Its price has increased by 0.11% in the last 24 hours and decreased by 5.01% in the past seven days.

Ethereum (ETH) is trading at ₹3,15,029, down by 1.44% in the last 24 hours. The 7-day ETH is down 7.50%.

The top gainers on WazirX include Bob Token (BOB), Venus (XVS), and Pepe (PEPE), with price increases of 14.64%, 11.06%, and 9.79%, respectively.

However, the tokens that underperformed comprised CLeverFI (LEVER), Jito (JTO), and Vulcan Forged PYR (PYR), with a price decrease of 31.28%, 14.63%, and 13.45%, respectively.

Shiba Inu (SHIB) saw a price decrease of 0.74% and is now priced at ₹0.002001. Dogecoin (DOGE) saw an increase of 0.01% and is now priced at ₹12.5175.

Disclaimer: Cryptocurrency is not a legal tender and is currently unregulated. Kindly ensure that you undertake sufficient risk assessment when trading cryptocurrencies as they are often subject to high price volatility. The information provided in this section doesn't represent any investment advice or WazirX's official position. WazirX reserves the right in its sole discretion to amend or change this blog post at any time and for any reasons without prior notice.
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