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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.

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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