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Bitcoin (BTC) Faced A Sharp Correction, Dipped Below $60,000.

By March 6, 20242 minute read

The price of Bitcoin is $63,382.54. There was a 7.07% decrease in its price in the last 24 hours. The 7-day Bitcoin is up by 10.51%.

Ethereum (ETH) is currently trading at $3,539.43. There has been a decrease of 2.94% in its price in the last 24 hours. The 7-day ETH is up by 8.23%.

The Exponential Moving Average for a 10-day EMA indicates β€œBuy” at 61548, and a 200-day EMA indicates β€œBuy” at 40944. The Simple Moving Average for a 10-day SMA indicates β€œBuy” at 61839, and a 200-day SMA indicates β€œBuy” at 38023.

The Ichimoku Base Line, valued at 58052, continues to be neutral. The Hull Moving Average indicates β€œSell” at 66007. The Volume Weighted Average indicates β€œBuy” at 58959. 

The Relative Strength Index (14) sits at 68, indicating β€œNeutral”. The Stochastic %K (14, 3, 3) at 79 indicates β€œNeutral,” and the Average Directional Index (14) at 52 indicates a β€œNeutral” outlook.

The MACD Level (12, 26), at 4550, indicates β€œBuy”. The Stochastic RSI Fast (3, 3, 14, 14) at 43  indicates β€˜Neutral’, and William’s Percentage at -32 indicates β€˜Neutral’.

As of 10:00 AM, 06th March 2024, on WazirX, Bitcoin’s current price is β‚Ή53,30,894, with an almost 2.13% decrease in the last hour. There was a 3.70% decrease in its price in the last 24 hours. In the past 7 days, Bitcoin was up by 11.22%.

Ethereum (ETH) is trading at β‚Ή2,98,481, with an increase of 1.9% in the last hour. There was an increase of 1.08% in the last 24 hours. The 7-day ETH is up by 9.00%.

The top gainers on WazirX include TokenFi (TOKEN), Metal (MTL), and Uniswap (UNI), with price increases of 33.6%, 32.94%, and 21.62%, respectively.

However, the tokens that underperformed comprised Band Protocol (BAND), Burger Swap (BURGER), and Storj (STORJ), with a price decrease of 18.26%, 16.92%, and 15.7%, respectively.

Shiba Inu (SHIB) saw a price decrease of 1.97% and is now priced at β‚Ή0.002777. Dogecoin (DOGE) saw a decrease of 7.28% and is now priced at β‚Ή12.9769.

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