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BTC Is Lingering Near $30k Mark; Major Market Indicators Show “Buy” Sentiment

By April 28, 20232 minute read

As of now, the current price of Bitcoin (BTC) is $29,380.15, with an almost 0.27% decrease in the last hour. There was an increase of 1.53% in its price in the last 24 hours. The 7-day Bitcoin was up by 3.87%.

Ethereum (ETH) is currently trading at $1,906.03, with an almost 0.02% decrease in the last hour. There has been a 0.11% increase in its price in the last 24 hours. The 7-day ETH has been down by 2.22%.

The Exponential Moving Average for 10-days and 200-days indicate a “Buy” at 28713 and 24189, respectively. Similarly, the Simple Moving Average for 10-days and 200-day SMA indicates a “Buy” at 28280 and 21659, respectively. Both moving averages strongly show a “Buy” sentiment.

The Ichimoku Base Line, valued at 29008, shows a “Neutral” sentiment after a long time, whereas the Hull Moving Average indicates a “Buy” signal at 29280. The Volume Weighted Moving Average at 29061 showed a “Buy” signal.

Major market oscillators point toward a “Neutral” sentiment. The Relative Strength Index (14), one of the key indicators, sits at 56, with a neutral outlook. The Stochastic %K (14, 3, 3) and the Average Directional Index (14) is at 54 and 26, respectively, further indicating a “Neutral” market.

The MACD Level (12, 26) at 205 indicates a “Sell.” The Stochastic RSI Fast (3, 3, 14, 14) is at 46 with a “Neutral” indicator, while the Williams Percent Range (14) at −35 signals “Neutral.”

As of 10:00 AM, 28th April 2023, on WazirX, Bitcoin’s current price is ₹25,61,408, with an almost 0.84% increase in the last hour. There was a 0.06% increase in its price in the last 24 hours. In the past 7 days, Bitcoin was up by 3.70%.

Ethereum (ETH) is trading at ₹1,65,821.1, with an increase of 0.76% in the last hour. There was an increase of 0.62% in the last 24 hours. The 7-day ETH is up by 1.54%.

The top gainers on WazirX include IDEX (IDEX), Blur (BLUR), and Alpha Finance Labs (ALPHA), with a price increase of 21.42%, 19%, and 11.11%, respectively.

However, the tokens that underperformed comprised Kyber Network Crystal v2 (KNC), Elrond Gold (EGLD), and ApeCoin (APE), with a price decrease of 7.42%, 6.3%, and 6.15%, respectively.

Shiba Inu (SHIB) saw a price decrease of 1.49% and is now priced at ₹0.000913. Dogecoin (DOGE) saw a decrease of 0.41% and is now priced at ₹7.0806.

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