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
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.
