Skip to main content

BTC’s Moving Averages Show A “Buy” Sentiment; ICX Token Rose By 50%

By April 5, 2023April 6th, 20232 minute read

As of now, the current price of Bitcoin (BTC) is $28,903.66, with an almost 0.50% decrease in the last hour. There was an increase of 2.14% in its price in the last 24 hours. The 7-day Bitcoin was up by 3.65%.

Ethereum (ETH) is currently trading at $1,893, with an almost 0.29% decrease in the last hour. There has been a 5.58% increase in its price in the last 24 hours. The 7-day ETH has been up by 7.28%.

The Exponential Moving Average for 10-days and 200-days indicates “Buy” at 28039.57 and 22959.61, respectively. Similarly, the Simple Moving Average for 10-days and 200-day SMA indicates a “Buy” at 28045.50 and 20556.22, respectively. Both moving averages strongly show the “Buy” markets.

The Ichimoku Base Line, valued at 24636.50, remains neutral, whereas the Hull Moving Average indicates a “Buy” signal at 28180.23. The Volume Weighted Moving Average at 27767.30 showed a “Buy” signal.

Major market indicators point towards a “Neutral” sentiment. The Relative Strength Index (14), one of the key indicators, sits at 62.32, with a neutral outlook. The Stochastic %K (14, 3, 3) and the Average Directional Index (14) is at 57.18 and 35.95, respectively, further indicating a neutral market.

The MACD Level (12, 26), at 1013.66, indicates a “Sell.” The Stochastic RSI Fast (3, 3, 14, 14) is at 19.03 with a “Neutral” indicator, while the Williams Percent Range (14) at −30.96 signals “Neutral.”

As of 9:00 AM, 05th April 2023, on WazirX, Bitcoin’s current price is ₹24,40,008, with an almost 1.24% increase in the last hour. There was a 1.03% increase in its price in the last 24 hours. In the past 7 days, Bitcoin was down by 0.71%.

Ethereum (ETH) is trading at ₹1,60,563, with an increase of 2.92% in the last hour. There was an increase of 4.46% in the last 24 hours. The 7-day ETH is up by 4.21%.

The top gainers on WazirX include Icon (ICX), 0x Protocol (ZRX), and Spell Token (SPELL), with a price increase of 50.06%, 21.94%, and 20.29%, respectively.

However, the tokens that underperformed comprised Celo (CELO), Ontology (ONT), and Toko Token (TKO), with a price decrease of 10.12%, 6.74%, and 4.15%, respectively.

Shiba Inu (SHIB) saw a price increase of 0.62% and is now priced at ₹0.000966. Dogecoin (DOGE) saw a decrease of 1.32% and is now priced at ₹8.1405.

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.
Participate in the Indian Crypto Movement. Share:

Leave a Reply

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.