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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.

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.
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