The concern among liquidations for Bitcoin looms as $66.29M gets liquidated in the last 24 hours, out of which $46.58M are long liquidations. The 10 day moving averages mirror the sentiment from the previous day signalling a ‘Sell’. According to CryptoSlate’s Liquidity Sensitivity Index, the LSI calculated for the previous day is at $16.44 million.
The Exponential Moving Average for 10-day EMA indicates “Sell” at 42102 and 200-day EMA indicates “Buy” at 31442. The Simple Moving Average for 10-day SMA indicates “Sell” at 42786 and 200-day SMA indicates “Buy” at 30407.
The Ichimoku Base Line, valued at 40190, continues to be neutral. The Hull Moving Average indicates “Sell” at 42300. The Volume Weighted Moving Average indicates “Buy” at 40520.
The Relative Strength Index (14) sits at 59, indicating “Neutral”. The Stochastic %K (14, 3, 3) at 68 and the Average Directional Index (14) at 48 indicate a Neutral outlook.
The MACD Level (12, 26), at 1791, indicates “Sell”. The Stochastic RSI Fast (3, 3, 14, 14) at 26 indicates ‘Neutral’ and William’s Percentage at -40 indicates ‘Neutral’.
As of 10:00 AM, 12th December 2023, on WazirX, Bitcoin’s price is ₹36,71,799, with a 1.96% increase in the last 24 hours. There was a 3.15% decrease in its price over the last 7 days.
Ethereum (ETH) is trading at ₹1,95,000. There was a increase of 1.02% in the last 24 hours. There was a 3.94% decrease in its price over the last 7 days.
The top gainers on WazirX include Mdex(MDX), Amp(AMP), Injective Protocol(INJ) with price increases of 25.27%, 21.31%, and 19.53%, respectively.
However, the tokens that underperformed comprised Golem(GLM), SKALE Network(SKL), and Ontology (ONT), with a price decrease of 10.49%, 9.82%, and 7.59%, respectively.
Shiba Inu (SHIB) saw a price decrease of 1.74% and is now priced at ₹0.000845. Dogecoin (DOGE) saw a decrease of 2.47% and is now priced at ₹8.42.
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.
