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As The CPI Released, BTC’s Price Initially Propelled to $31k But Then Dipped Slightly

By July 13, 20232 minute read

The current price of Bitcoin (BTC) is $30,343.78, with an almost 0.41% decrease in the last hour. There was a decrease of 1.16% in its price in the last 24 hours. The 7-day Bitcoin was down by 0.52%.

Ethereum (ETH) is currently trading at $1,869.92, with an almost 0.24% decrease in the last hour. There has been a 0.62% decrease in its price in the last 24 hours. The 7-day ETH has been down by 2.26%.

The Exponential Moving Average for 10-days and 200-days indicate a “Sell” and “Buy” sentiment at 30361 and 26411, respectively. Similarly, the Simple Moving Average for 10-days and 200-day SMA indicate a “Sell” and “Buy” at 30372 and 25528, respectively. Simple moving averages show a mixture of “Sell” and “Buy” sentiments.

The Ichimoku Base Line, valued at 28880, shows a “Neutral” sentiment for quite a long time, whereas the Hull Moving Average indicates a “Sell” signal at 30475. The Volume Weighted Moving Average at 30428 showed a “Sell” signal.

Major market oscillators point toward a “Neutral” sentiment. The Relative Strength Index (14), one of the key indicators, sits at 57, with a neutral outlook. The Stochastic %K (14, 3, 3) and the Average Directional Index (14) is at 47 and 33, respectively, further indicating a “Neutral” market.

The MACD Level (12, 26) at 542 indicates a “Sell.” The Stochastic RSI Fast (3, 3, 14, 14) is at 20 with a “Neutral” indicator, while the Williams Percent Range (14) at −60 signals “Neutral.”

As of 09:30 AM, 13th July 2023, on WazirX, Bitcoin’s current price is ₹26,14,999, with an almost 0.34% decrease in the last hour. There was a 0.18% decrease in its price in the last 24 hours. In the past 7 days, Bitcoin was up by 0.35%.

Ethereum (ETH) is trading at ₹1,59,674, with an increase of 0.1% in the last hour. There was an increase of 0.31% in the last 24 hours. The 7-day ETH is down by 0.29%.

The top gainers on WazirX include WazirX Token (WRX), Helium (HNT), and Arweave (AR), with price increases of 28.60%, 18.47%, and 11.86%, respectively.

However, the tokens that underperformed comprised Orchid (OXT), Nem (XEM), and Ontology (ONT), with a price decrease of 15.37%, 14.99%, and 13.61%, respectively.

Shiba Inu (SHIB) saw a price increase of 0.46% and is now priced at ₹0.000650. Dogecoin (DOGE) saw a decrease of 0.36% and is now priced at ₹5.6205.

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