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Bitcoin Surpassed The $41,200 Resistance, Currently Trading Near $42,000

By December 5, 20232 minute read

The current price of Bitcoin (BTC) is $41,757.59, with an almost 0.08% increase in the last hour. There was an increase of 2.45% in its price in the last 24 hours. The 7-day Bitcoin was up by 12.56%.

Ethereum (ETH) is currently trading at $2,231.17, with an almost 0.21% increase in the last hour. There has been a 0.72% increase in its price in the last 24 hours. The 7-day ETH has been up by 10.19%.

The Exponential Moving Average for 10-days and 200-days indicate a “Buy” sentiment at 39531 and 30574, respectively. Similarly, the Simple Moving Average for 10-day and 200-day SMA indicate a “Buy” at 39004 and 29824, respectively. Exponential and Simple Moving Averages show “Buy” sentiments.

The Ichimoku Base Line, valued at 38703, shows a “Neutral” sentiment for quite a long time, whereas the Hull Moving Average indicates a “Sell” signal at 41845. The Volume Weighted Moving Average at 37820 showed a “Buy” signal.

Major market oscillators point toward a “Neutral” sentiment. The Relative Strength Index (14), one of the key indicators, sits at 75, with a sell indicator. The Stochastic %K (14, 3, 3) and the Average Directional Index (14) are at 93 and 49, respectively, further indicating a “Sell” and a “Neutral” market.

The MACD Level (12, 26) at 1466 indicates a “Buy.” The Stochastic RSI Fast (3, 3, 14, 14) is at 96 with a “Sell” indicator, while the Williams Percent Range (14) at −10 signals “Sell.”

As of 10:30 AM, 04th December 2023, on WazirX, Bitcoin’s current price is ₹36,12,025, with an almost 2.54% increase in the last hour. There was a 2.61% increase in its price in the last 24 hours. In the past 7 days, Bitcoin was up by 12.83%.

Ethereum (ETH) is trading at ₹1,93,599, with an increase of 0.83% in the last hour. There was an increase of 0.83% in the last 24 hours. The 7-day ETH is up by 10.29%.

The top gainers on WazirX include Iotx (IOTX), Stacks (STX), and Memecoin (MEME), with price increases of 38.13%, 29.41%, and 23.63%, respectively.

However, the tokens that underperformed comprised Gifto (GFT), Cortex (CTXC), and Viction (VIC), with a price decrease of 8.85%, 8.76%, and 8.14%, respectively.

Shiba Inu (SHIB) saw a price increase of 1.66% and is now priced at ₹0.000793. Dogecoin (DOGE) saw an increase of 3.86% and is now priced at ₹7.7797.

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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