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Bitcoin Is Consolidating Losses Above $55,000; Currently Trading At $57.2k.

By July 9, 20241 minute read

The price of Bitcoin is $57,202.46. Its price increased by 2.56% in the last 24 hours, but the 7-day Bitcoin is down by 8.37%.

Ethereum (ETH) is currently trading at $3,065.98. Its price has increased by 5.03% in the last 24 hours, and the 7-day ETH is down by 10.48%.

Technical indicators show that the hourly MACD is losing pace in the bearish zone, suggesting weakening downward momentum. The hourly RSI for BTC/USD has risen above the 50 level, indicating increasing buying interest. Major support levels are at $55,500 and $54,500, while resistance levels stand at $57,650 and $58,500. This suggests that Bitcoin is poised for potential upward movement if it can overcome these resistance points.

As of 1:00 PM, July 09, 2024, on WazirX, Bitcoin’s current price is ₹52,00,000. Its price has decreased by 1.34% in the last 24 hours and decreased by 9.05% in the past seven days.

Ethereum (ETH) is trading at ₹2,80,000, up by 1.72% in the last 24 hours. The 7-day ETH is down 11.22%.

The top gainers on WazirX include Bonk (BONK), Hifi Finance (HIFI), and SuperFarm (SUPER), with price increases of 20.14%, 16.98%, and 15.39%, respectively.

However, the tokens that underperformed comprised Viction (VIC), Oasis Network (ROSE), and Storj (STORJ), with a price decrease of 11.44%, 11.24%, and 10.29%, respectively.

Shiba Inu (SHIB) saw a 0.01% price increase and is now priced at ₹0.001490. Dogecoin (DOGE) saw a 0.71% price increase and is now priced at ₹9.8800.

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