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Trading At $56k, Bitcoin Has Fallen From The Resistance Zone And 100-Hourly SMA.

By July 12, 20241 minute read

The price of Bitcoin is $57,154.42. Its price decreased by 1.92% in the last 24 hours, but the 7-day Bitcoin is up by 5.01%.

Ethereum (ETH) is currently trading at $3,073.52. Its price has decreased by 1.64% in the last 24 hours, and the 7-day ETH is up by 6.98%.

Technical indicators show the hourly MACD gaining momentum in the bearish zone, while the RSI for BTC/USD is below the 50 level. Major support levels are at $56,500 and $55,000, with significant resistance at $58,000 and $58,500. These indicators suggest potential downward pressure unless BTC can break through the resistance levels.

As of 2:30 PM, July 12, 2024, on WazirX, Bitcoin’s current price is ₹51,30,000. Its price has decreased by 0.71% in the last 24 hours and increased by 5.78% in the past seven days.

Ethereum (ETH) is trading at ₹2,76,000, down by 0.90% in the last 24 hours. The 7-day ETH is up 7.85%.

The top gainers on WazirX include Mdex (MDX), Dock (DOCK), and DeXe (DEXE), with price increases of 48.61%, 17.76%, and 11.23%, respectively.

However, the tokens that underperformed comprised Chromia (CHR), EtherFi (ETHFI), and Bluezelle (BLZ), with a price decrease of 9.66%, 9.35%, and 8.7%, respectively.

Shiba Inu (SHIB) saw a 1.49% price decrease and is now priced at ₹0.001454. Dogecoin (DOGE) saw a 3.98% price decrease and is now priced at ₹9.6018.

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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