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BTC Exceeds $26k Mark; Major Market Indicators Show A “Sell” Sentiment

By June 13, 20232 minute read

The current price of Bitcoin (BTC) is $26,143.85, with an almost 0.43% increase in the last hour. There was an increase of 1.45% in its price in the last 24 hours. The 7-day Bitcoin was up by 0.82%.

Ethereum (ETH) is currently trading at $1,751.85, with an almost 0.73% increase in the last hour. There has been a 0.98% increase in its price in the last 24 hours. The 7-day ETH has been down by 3.52%.

The Exponential Moving Average for 10-days and 200-days indicate a “Sell” and “Buy” at 26316 and 25297, respectively. Similarly, the Simple Moving Average for 10-days and 200-day SMA both indicate a “Sell” and “Buy” at 26327 and 23645, respectively. Both the moving averages show a strong mixture of “Sell” and “Buy” sentiments.

The Ichimoku Base Line, valued at 26901, shows a “Neutral” sentiment for quite a long time, whereas the Hull Moving Average indicates a “Buy” signal at 25803. The Volume Weighted Moving Average at 26703 showed a “Sell” signal.

Major market oscillators point toward a “Neutral” sentiment. The Relative Strength Index (14), one of the key indicators, sits at 44, with a neutral outlook. The Stochastic %K (14, 3, 3) and the Average Directional Index (14) is at 23 and 27, respectively, further indicating a “Neutral” market.

The MACD Level (12, 26) at -369 indicates a “Sell.” The Stochastic RSI Fast (3, 3, 14, 14) is at 38 with a “Neutral” indicator, while the Williams Percent Range (14) at −69 signals “Neutral.”

As of 09:00 AM, 13th June 2023, on WazirX, Bitcoin’s current price is ₹23,59,998, with an almost 0.34% increase in the last hour. There was a 0.72% decrease in its price in the last 24 hours. In the past 7 days, Bitcoin was down by 1.01%.

Ethereum (ETH) is trading at ₹1,58,005, with a decrease of 2.39% in the last hour. There was a decrease of 1.10% in the last 24 hours. The 7-day ETH is down by 1.05%.

The top gainers on WazirX include Tellor (TRB), Enjin (ENJ), and QuickSwap (QUICK), with price increases of 15.11%, 12.28%, and 10.11%, respectively.

However, the tokens that underperformed comprised Blur (BLUR), Dash (DASH), and Synthetix Network Token (SNX), with a price decrease of 16.43%, 12.01%, and 11.44%, respectively.

Shiba Inu (SHIB) saw a price increase of 0.98% and is now priced at ₹0.000616. Dogecoin (DOGE) saw an increase of 0.48% and is now priced at ₹5.6370.

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