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BTC To Touch $30k Mark Soon With Market Indicators Showing “Buy” Sentiment

By April 27, 20232 minute read

As of now, the current price of Bitcoin (BTC) is $29,031.13, with an almost 0.52% increase in the last hour. There was an increase of 2.30% in its price in the last 24 hours. The 7-day Bitcoin was up by 0.79%.

Ethereum (ETH) is currently trading at $1,908.88, with an almost 0.28% increase in the last hour. There has been a 2.14% increase in its price in the last 24 hours. The 7-day ETH has been down by 1.71%.

The Exponential Moving Average for 10-days and 200-days indicate a “Buy” at 28480 and 24132, respectively. Similarly, the Simple Moving Average for 10-days and 200-day SMA indicates a “Buy” at 28334 and 21605, respectively. Both moving averages strongly show a “Buy” sentiment.

The Ichimoku Base Line, valued at 29008, shows a “Buy” sentiment after a long time, whereas the Hull Moving Average indicates a “Buy” signal at 28473. The Volume Weighted Moving Average at 29005 showed a “Sell” signal.

Major market oscillators point toward a “Neutral” sentiment. The Relative Strength Index (14), one of the key indicators, sits at 54, with a neutral outlook. The Stochastic %K (14, 3, 3) and the Average Directional Index (14) is at 39 and 27, respectively, further indicating a “Neutral” market.

The MACD Level (12, 26) at 117 indicates a “Sell.” The Stochastic RSI Fast (3, 3, 14, 14) is at 34 with a “Neutral” indicator, while the Williams Percent Range (14) at −51 signals “Neutral.”

As of 9:30 AM, 27th April 2023, on WazirX, Bitcoin’s current price is ₹25,27,264, with an almost 1.34% increase in the last hour. There was a 1.26% increase in its price in the last 24 hours. In the past 7 days, Bitcoin was up by 3.56%.

Ethereum (ETH) is trading at ₹1,79,499.9, with an increase of 2.7% in the last hour. There was an increase of 2.38% in the last 24 hours. The 7-day ETH is up by 0.63%.

The top gainers on WazirX include Bakery Token (BAKE), Elrond Gold (EGLD), and Dock (DOCK), with a price increase of 9.88%, 9.43%, and 8.17%, respectively.

However, the tokens that underperformed comprised Decred (DCR), Siacoin (SC), and Biconomy (BICO), with a price decrease of 6.13%, 5.48%, and 5.3%, respectively.

Shiba Inu (SHIB) saw a price increase of 0.1% and is now priced at ₹0.000921. Dogecoin (DOGE) saw a decrease of 1.37% and is now priced at ₹7.1005.

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