Blackrock’s ETF Filing has given Bitcoin’s price a humble push. The market oscillators point to a neutral sentiment as there are no price surges in sight for Bitcoin in the near future.
Bitcoin’s moving averages indicate a “Buy” sentiment even as market goes through a correction phase. The outflow of digital assets went up to $5 million last week amidst market FUD.
The Exponential Moving Average for 10-day EMA indicates “Buy” at 26411 and 200-day EMA indicates “Buy” at 25360. The Simple Moving Average for 10-day SMA indicates “Buy” at 26145 and 200-day SMA indicates “Buy” at 23979.
The Ichimoku Base Line, valued at 26604, continues to be neutral. The Hull Moving Average indicates “Sell” at 26963. The Volume Weighted Moving Average indicates “Buy” at 26280.
Major market oscillators point to a neutral sentiment. The Relative Strength Index (14) sits at 54, with a neutral outlook. The Stochastic %K (14, 3, 3) at 74 and the Average Directional Index (14) at 23 indicate a Neutral outlook as well.
The MACD Level (12, 26), at −168, indicates “Buy”. The Stochastic RSI Fast (3, 3, 14, 14) is “Neutral” at 95 and William’s Percentage indicates “Neutral” at -17 as well.
As of 10:00 AM, 20th June 2023, on WazirX, Bitcoin’s price is ₹23,69,572, with 0.77% decrease in the last hour. There was a 1.26% increase in its price in the last 24 hours. In the past 7 days, Bitcoin was up by 1.51%.
Ethereum (ETH) is trading at ₹1,55,167. There was a decrease of 0.01% in the last 1 hour. There was an 1.79% increase in the last 24 hours. In the past 7 days, Ethereum was up by 1.74%.
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 0.15% and is now priced at ₹0.000647. Dogecoin (DOGE) saw a increase of 1.78% and is now priced at ₹5.57.
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.
