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BTC Crossed $28k Mark After 5 Days With Market Indicators Showing “Neutral” Sentiment

By April 26, 20232 minute read

As of now, the current price of Bitcoin (BTC) is $28,425.11, with an almost 0.25% increase in the last hour. There was an increase of 3.87% in its price in the last 24 hours. The 7-day Bitcoin was down by 5.96%.

Ethereum (ETH) is currently trading at $1,871.48, with an almost 0.11% increase in the last hour. There has been a 2.19% increase in its price in the last 24 hours. The 7-day ETH has been down by 10.72%.

The Exponential Moving Average for 10-days and 200-days indicate a “Buy” at 28376 and 24084, respectively. Similarly, the Simple Moving Average for 10-days and 200-day SMA indicates a “Buy” at 28385 and 21558, respectively. Both moving averages strongly show a “Buy” sentiment.

The Ichimoku Base Line, valued at 29008, remains neutral, whereas the Hull Moving Average indicates a “Buy” signal at 27873. The Volume Weighted Moving Average at 29079 showed a “Sell” signal.

Major market oscillators point toward a “Neutral” sentiment. The Relative Strength Index (14), one of the key indicators, sits at 51, with a neutral outlook. The Stochastic %K (14, 3, 3) and the Average Directional Index (14) is at 27 and 26, respectively, further indicating a “Neutral” market.

The MACD Level (12, 26) at 83 indicates a “Sell.” The Stochastic RSI Fast (3, 3, 14, 14) is at 22 with a “Neutral” indicator, while the Williams Percent Range (14) at −63 signals “Neutral.”

As of 9:00 AM, 26th April 2023, on WazirX, Bitcoin’s current price is ₹25,01,111, with an almost 0.77% increase in the last hour. There was a 1.71% increase in its price in the last 24 hours. In the past 7 days, Bitcoin was up by 1.26%.

Ethereum (ETH) is trading at ₹1,64,100, with a decrease of 0.67% in the last hour. There was a decrease of 0.92% in the last 24 hours. The 7-day ETH is down by 3.15%.

The top gainers on WazirX include Siacoin (SC), Push Protocol (PUSH), and MOBOX (MBOX), with a price increase of 13.25%, 7.26%, and 5.85%, respectively.

However, the tokens that underperformed comprised Floki (FLOKI), PancakeSwap (CAKE), and Arweave (AR), with a price decrease of 11.31%, 7.91%, and 7.67%, respectively.

Shiba Inu (SHIB) saw a price decrease of 0.1% and is now priced at ₹0.000924. Dogecoin (DOGE) saw an increase of 1.11% and is now priced at ₹7.1991.

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