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BTC Is Hovering Around $30k; Experts Say Its Price Will Increase Rapidly With Upcoming Halving

By July 11, 20232 minute read

The current price of Bitcoin (BTC) is $30,543.96, with an almost 0.33% decrease in the last hour. There was an increase of 1.29% in its price in the last 24 hours. The 7-day Bitcoin was down by 2.51%.

Ethereum (ETH) is currently trading at $1,879.13, with an almost 0.26% decrease in the last hour. There has been a 1.22% increase in its price in the last 24 hours. The 7-day ETH has been down by 3.88%.

The Exponential Moving Average for 10-days and 200-days indicate a “Buy” sentiment at 30348 and 26330, respectively. Similarly, the Simple Moving Average for 10-days and 200-day SMA both indicate a “Buy” at 30467 and 25392, respectively. Simple moving averages show a strong “Buy” sentiment.

The Ichimoku Base Line, valued at 28344, shows a “Neutral” sentiment for quite a long time, whereas the Hull Moving Average indicates a “Buy” signal at 30302. The Volume Weighted Moving Average at 30403 showed a “Buy” signal.

Major market oscillators point toward a “Neutral” sentiment. The Relative Strength Index (14), one of the key indicators, sits at 60, with a neutral outlook. The Stochastic %K (14, 3, 3) and the Average Directional Index (14) is at 43 and 32, respectively, further indicating a “Neutral” market.

The MACD Level (12, 26) at 617 indicates a “Sell.” The Stochastic RSI Fast (3, 3, 14, 14) is at 21 with a “Neutral” indicator, while the Williams Percent Range (14) at −51 signals “Neutral.”

As of 09:00 AM, 11th July 2023, on WazirX, Bitcoin’s current price is ₹26,00,000, with an almost 0.42% decrease in the last hour. There was a 0.15% increase in its price in the last 24 hours. In the past 7 days, Bitcoin was up by 0.01%.

Ethereum (ETH) is trading at ₹1,60,000, with a decrease of 0.62% in the last hour. There was an increase of 0.01% in the last 24 hours. The 7-day ETH is down by 0.09%.

The top gainers on WazirX include QuickSwap (QUICK), UniLend (UFT), and Matic Network (MATIC), with price increases of 32.84%, 10.09%, and 9.67%, respectively.

However, the tokens that underperformed comprised Pendle (PENDLE), Cream Finance (CREAM), and Aave (AAVE), with a price decrease of 8.05%, 7.84%, and 7.34%, respectively.

Shiba Inu (SHIB) saw a price increase of 1.07% and is now priced at ₹0.000657. Dogecoin (DOGE) saw a decrease of 0.89% and is now priced at ₹5.5700.

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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