Today’s Bitcoin analysis suggests an overall “Buy” signal for the market.
As of now, the current price of Bitcoin (BTC) is $24,875.30, with an almost 1.54% increase in the last hour. There was a 1.90% increase in its price in the last 24 hours. The 7-day Bitcoin was down by 0.83%.
Ethereum (ETH) is currently trading at $1696.59, with an almost 1.53% increase in the last hour. There has been a 1.43% increase in its price in the last 24 hours. The 7-day ETH has been down 1.57%.
The Exponential Moving Average for 10-day and 200-day indicates a “Buy” at 24070.15 and 21653.82, respectively. Similarly, the Simple Moving Average for 10-day and 200-day SMA indicates a “Buy” as well at 24612.10 and 19759.11, respectively. Both moving averages indicate a buy market.
The Ichimoku Base Line, valued at 23323.00, continues to be neutral, whereas the Hull Moving Average indicates a “Buy” signal at 24525.26. The Volume Weighted Moving Average at 23343.22 continues to signal “Buy.”
Major market indicators continue to point to a neutral sentiment. The Relative Strength Index (14), one of the key indicators, sits at 61.76, with a neutral outlook. The Stochastic %K (14, 3, 3) and the Average Directional Index (14) is at 77.66 and 37.35, respectively, further indicating a neutral market.
The MACD Level (12, 26), at 721.47, indicates a “Buy.” The Stochastic RSI Fast (3, 3, 14, 14) is at 67.68 with a “Neutral” indicator, while the Williams Percent Range (14) at −18.03 also signals “Neutral.”
As of 09:00 AM, 23rd February 2023, on WazirX, Bitcoin’s current price is ₹20,86,914, with an almost 0.81% decrease in the last hour. There was a 1.88% increase in its price in the last 24 hours. In the past 7 days, Bitcoin was up 2.44%.
Ethereum (ETH) is trading at ₹1,41,500, with an increase of 0.06% in the last hour. There has been a 0.22% decrease in its price in the last 24 hours. The 7-day ETH is down by 0.28%.
The top gainers on WazirX include Algorand (ALGO), Dash (DASH), and Stacks (STX), with a price increase of 32.25%, 20.73%, and 16.66%, respectively.
However, the tokens that underperformed comprised Nem (XEM), PancakeSwap (CAKE), and Ardor (ARDR), with a price decrease of 26.58%, 13.49%, and 13.32%, respectively.
Shiba Inu (SHIB) saw a price increase of 1.51% and is now priced at ₹0.001142. Dogecoin (DOGE) also saw a rise of 0.8% and is now priced at ₹7.46.
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