Today’s analysis continues to suggest an overall “Buy” signal for the market.
As of now, the current price of Bitcoin (BTC) is $25,218.61, with an almost 0.83% increase in the last hour. There was a 3.01% increase in its price in the last 24 hours. The 7-day Bitcoin was up by 13.91%.
Ethereum (ETH) is currently trading at $1734.89, with an almost 0.49% increase in the last hour. There has been a 2.41% increase in its price in the last 24 hours. The 7-day ETH has been up 13.56%.
The Exponential Moving Average for 10-day and 200-day indicates a “Buy” at 24021.19 and 21604.92, respectively. Similarly, the Simple Moving Average for 10-day and 200-day SMA indicates a “Buy” as well at 23706.30 and 19749.15, respectively. Both moving averages indicate a buy market.
The Ichimoku Base Line, valued at 23323.00, remains neutral, whereas the Hull Moving Average indicates a “Sell” signal at 25129.78. On the other hand, the Volume Weighted Moving Average at 23234.39 continues to signal “Buy.”
Major market indicators continue to point to a neutral sentiment. The Relative Strength Index (14), one of the key indicators, sits at 66.86, with a neutral outlook. The Stochastic %K (14, 3, 3) and the Average Directional Index (14) is at 86.21 and 38.88, respectively, further indicating a neutral market.
The MACD Level (12, 26), at 787.32, indicates a “Buy.” The Stochastic RSI Fast (3, 3, 14, 14) is at 86.04 with a “Neutral” indicator, while the Williams Percent Range (14) at −5.34 also signals “Neutral.”
As of 09:00 AM, 21st February 2023, on WazirX, Bitcoin’s current price is ₹20,79,607, with an almost 0.29% increase in the last hour. There was a 1.35% increase in its price in the last 24 hours. In the past 7 days, Bitcoin was up 2.09%.
Ethereum (ETH) is trading at ₹1,43,000, almost unchanged in the last hour. There has been a 0.60% increase in its price in the last 24 hours. The 7-day ETH is up by 0.77%.
The top gainers on WazirX include Neo (NEO), Dodo (DODO), and Alchemy Pay (ACH), with a price increase of 90.34%, 53%, and 50.85%, respectively.
However, the tokens that underperformed comprised Mirror Protocol (MIR), Gifto (GFT), and Biconomy (BICO), with a price decrease of 17.95%, 7.25%, and 6.5%, respectively.
Shiba Inu (SHIB) saw a price increase of 1.59% and is now priced at ₹0.001150. Dogecoin also saw a rise of 1.35% and is now priced at ₹7.50
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