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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.

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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