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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.

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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