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Bitcoin Experienced A Notable Rejection At $48k, Showcasing Heightened Volatility & Uncertainty Ahead Of BTC ETF Approval

By January 10, 20242 minute read

The current price of Bitcoin (BTC) is $46,187.64, with an almost 0.33% increase in the last hour. There was a decrease of 1.52% in its price in the last 24 hours. The 7-day Bitcoin was up by 2.18%.

Ethereum (ETH) is currently trading at $2,355.87, with an almost 0.45% decrease in the last hour. There has been a 1.91% increase in its price in the last 24 hours. The 7-day ETH has been down by 0.43%.

The Exponential Moving Average for 10-days and 200-days indicate “Buy” sentiment at 44913 and 34489, respectively. Similarly, the Simple Moving Average for 10-day and 200-day SMA indicate “Buy” at 44770 and 32770, respectively. The Simple Moving Average shows strong “Buy” sentiments.

The Ichimoku Base Line, valued at 44205, shows a “Neutral” sentiment for quite a long time, whereas the Hull Moving Average indicates a “Sell” signal at 46633. The Volume Weighted Moving Average at 44057 showed a “Buy” signal.

Major market oscillators point toward a “Neutral” sentiment. The Relative Strength Index (14), one of the key indicators, sits at 62, with a neutral indicator. The Stochastic %K (14, 3, 3) and the Average Directional Index (14) are at 81 and 19, respectively, further indicating a “Neutral” market.

The MACD Level (12, 26) at 1053 indicates a “Buy.” The Stochastic RSI Fast (3, 3, 14, 14) is at 82 with a “Neutral” indicator, while the Williams Percent Range (14) at −25 signals neutral sentiment.

As of 10:00 AM, 10th January 2024, on WazirX, Bitcoin’s current price is ₹41,30,000, with an almost 1.08% decrease in the last hour. There was a 0.66% decrease in its price in the last 24 hours. In the past 7 days, Bitcoin was up by 1.95%.

Ethereum (ETH) is trading at ₹2,10,400, with an increase of 2.96% in the last hour. There was an increase of 1.77% in the last 24 hours. The 7-day ETH is up by 0.33%.

The top gainers on WazirX include Helium (HNT), Perpetual Protocol (PERP), and Bonk (BONK), with price increases of 26.34%, 19.26%, and 18.08%, respectively.

However, the tokens that underperformed comprised The Graph (GRT), Band Protocol (BAND), and Aave (AAVE), with a price decrease of 9.41%, 9.3%, and 9.24%, respectively.

Shiba Inu (SHIB) saw a price decrease of 0.11% and is now priced at ₹0.000850. Dogecoin (DOGE) saw a decrease of 0.25% and is now priced at ₹7.1819.

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