Skip to main content

Bitcoin Is Trading Near $43k, Indicating A Potential Delay In Achieving A New ATH

By January 8, 20242 minute read

The current price of Bitcoin (BTC) is $43,342.28, with an almost 0.75% decrease in the last hour. There was a decrease of 1.46% in its price in the last 24 hours. The 7-day Bitcoin was up by 0.14%.

Ethereum (ETH) is currently trading at $2,182.22, with an almost 0.59% decrease in the last hour. There has been a 2.85% decrease in its price in the last 24 hours. The 7-day ETH has been down by 4.39%.

The Exponential Moving Average for 10-days and 200-days indicate a “Sell” and a “Buy” sentiment at 43624 and 34217, respectively. Similarly, the Simple Moving Average for 10-day and 200-day SMA indicate a “Sell” and a “Buy” at 43611 and 32596, respectively. The Simple Moving Average shows a mixture of “Sell” and “Buy” sentiments.

The Ichimoku Base Line, valued at 43218, shows a “Neutral” sentiment for quite a long time, whereas the Hull Moving Average indicates a “Sell” signal at 43912. The Volume Weighted Moving Average at 42694 showed a “Sell” signal.

Major market oscillators point toward a “Neutral” sentiment. The Relative Strength Index (14), one of the key indicators, sits at 53, with a neutral indicator. The Stochastic %K (14, 3, 3) and the Average Directional Index (14) are at 53 and 16, respectively, further indicating a “Neutral” market.

The MACD Level (12, 26) at 599 indicates a “Sell.” The Stochastic RSI Fast (3, 3, 14, 14) is at 36 with a “Neutral” indicator, while the Williams Percent Range (14) at −55 signals “Neutral.”

As of 05:00 PM, 08th January 2024, on WazirX, Bitcoin’s current price is ₹39,59,800, with an almost 1.24% increase in the last hour. There was a 0.92% increase in its price in the last 24 hours. In the past 7 days, Bitcoin was up by 3.50%.

Ethereum (ETH) is trading at ₹1,99,360, with a decrease of 0.27% in the last hour. There was a decrease of 0.27% in the last 24 hours. The 7-day ETH is down by 3.24%.

The top gainers on WazirX include DFI.Money (YFII), Threshold Network Token (T), and Maker (MKR), with price increases of 13.63%, 13.03%, and 12.22%, respectively.

However, the tokens that underperformed comprised Mask Network (MASK), Balancer (BAL), and Fetch.AI (FET), with a price decrease of 28.97%, 18.64%, and 16.79%, respectively.

Shiba Inu (SHIB) saw a price decrease of 4.77% and is now priced at ₹0.000818. Dogecoin (DOGE) saw a decrease of 4.28% and is now priced at ₹6.9776.

Disclaimer: Click Here to read the Disclaimer.
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.