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BTC Holds Its Position At $30k; Major Market Indicators Show A “Buy” Sentiment

By July 12, 20232 minute read

The current price of Bitcoin (BTC) is $30,674.04, with an almost 0.11% increase in the last hour. There was an increase of 0.44% in its price in the last 24 hours. The 7-day Bitcoin was down by 0.87%.

Ethereum (ETH) is currently trading at $1,883.48, with an almost 0.04% decrease in the last hour. There has been a 0.25% increase in its price in the last 24 hours. The 7-day ETH has been down by 3.10%.

The Exponential Moving Average for 10-days and 200-days indicate a “Buy” sentiment at 30416 and 26374, respectively. Similarly, the Simple Moving Average for 10-days and 200-day SMA both indicate a “Buy” at 30480 and 25462, respectively. Simple moving averages show a strong “Buy” sentiment.

The Ichimoku Base Line, valued at 28837, shows a “Neutral” sentiment for quite a long time, whereas the Hull Moving Average indicates a “Buy” signal at 30529. The Volume Weighted Moving Average at 30468 showed a “Buy” signal.

Major market oscillators point toward a “Neutral” sentiment. The Relative Strength Index (14), one of the key indicators, sits at 61, with a neutral outlook. The Stochastic %K (14, 3, 3) and the Average Directional Index (14) is at 52 and 33, respectively, further indicating a “Neutral” market.

The MACD Level (12, 26) at 605 indicates a “Sell.” The Stochastic RSI Fast (3, 3, 14, 14) is at 32 with a “Neutral” indicator, while the Williams Percent Range (14) at −45 signals “Neutral.”

As of 09:00 AM, 12th July 2023, on WazirX, Bitcoin’s current price is ₹26,18,001, with an almost 0.69% increase in the last hour. There was a 0.17% decrease in its price in the last 24 hours. In the past 7 days, Bitcoin was up by 0.69%.

Ethereum (ETH) is trading at ₹1,59,300, with a decrease of 0.43% in the last hour. There was a decrease of 0.44% in the last 24 hours. The 7-day ETH is down by 0.53%.

The top gainers on WazirX include Ontology (ONT), Nem (XEM), and Orchid (OXT), with price increases of 18.56%, 16.59%, and 15.57%, respectively.

However, the tokens that underperformed comprised pNetwork (PNT), Cartesi (CTSI), and Verge (XVG), with a price decrease of 16.77%, 11.31%, and 8.33%, respectively.

Shiba Inu (SHIB) saw a price decrease of 1.06% and is now priced at ₹0.000650. Dogecoin (DOGE) saw a decrease of 1.39% and is now priced at ₹5.6000.

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