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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.

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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