Bitcoin’s market oscillators and moving averages indicate a “Buy” sentiment. The bullish sentiment that was initiated by Blackrock’s ETF filing has snowballed as more institutions have joined in to support Crypto trading.
Despite market FUD for the most part of last week, Bitcoin’s current movement defies previous predictions and gives hope for a $30k mark amidst its correction phase
The Exponential Moving Average for 10-day EMA indicates “Buy” at 27043 and 200-day EMA indicates “Buy” at 25047. The Simple Moving Average for 10-day SMA indicates “Buy” at 26565 and 200-day SMA indicates “Buy” at 24045.
The Ichimoku Base Line, valued at 26885, continues to be neutral. The Hull Moving Average indicates “Buy” at 28223. The Volume Weighted Moving Average indicates “Buy” at 26461.
Major market oscillators point to a neutral sentiment. The Relative Strength Index (14) sits at 65, with a neutral outlook. The Stochastic %K (14, 3, 3) at 90 and the Average Directional Index (14) at 25 indicate a Neutral outlook as well.
The MACD Level (12, 26), at 118, indicates “Buy”. The Stochastic RSI Fast (3, 3, 14, 14) is “Neutral” at 100 and William’s Percentage indicates “Sell” at -6.
As of 10:00 AM, 21st June 2023, on WazirX, Bitcoin’s price is ₹25,09,900, with 1.99% increase in the last hour. There was a 2.48% increase in its price in the last 24 hours. In the past 7 days, Bitcoin was up by 7.53%.
Ethereum (ETH) is trading at ₹1,58,800. There was a increase of 1.45% in the last 1 hour. There was an 1.67% increase in the last 24 hours. In the past 7 days, Ethereum was up by 4.13%.
The top gainers on WazirX include Stacks (STX), Hedera Hashgraph (HBAR), and Synthetic Network Token (REQ), with a price increase of 15.63%, 9.42%, and 8.33%, respectively.
However, the tokens that underperformed comprised HIFI (Hifi Finance), Ontology (ONT), and ApeCoin (APE), with a price decrease of 9.23%, 7.65%, and 7.35%, respectively.
Shiba Inu (SHIB) saw a price increase of 0.61% and is now priced at ₹0.000650. Dogecoin (DOGE) saw a decrease of 0.35% and is now priced at ₹5.55.
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.
