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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: 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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