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Bitcoin Battles To Sustain Above $63,000, Faces Intensified Selling Pressure.

By May 13, 20241 minute read

The price of Bitcoin is $60,928.52. There was a 0.18% decrease in its price in the last 24 hours. The 7-day Bitcoin is down by 5.14%.

Ethereum (ETH) is currently trading at $2,887.64. There has been a decrease of 1.32% in its price in the last 24 hours. The 7-day ETH is down by 8.45%.

Bitcoin’s hourly MACD signals accelerating bearish momentum, hinting at potential downward movement. Simultaneously, the hourly RSI for BTC/USD has slipped below the pivotal 50 level, indicating waning bullish strength. Notable support levels are identified at $60,500 and $60,000, while significant resistance levels stand at $61,200, $62,200, and $62,500. Traders should closely monitor these levels for potential shifts in market dynamics and price action.

As of 11:00 AM, 13th May 2024, on WazirX, Bitcoin’s current price is ₹54,39,949. Its price has increased by 1.05% in the last 24 hours. In the past seven days, Bitcoin has decreased by 5.28%.

Ethereum (ETH) is trading at ₹2,55,992, down by 1.54% in the last 24 hours. The 7-day ETH is down 8.56%.

The top gainers on WazirX include FTX Token (FTT), UMA (UMA), and Burger Swap (BURGER), with price increases of 9%, 8.54%, and 5.74%, respectively.

However, the tokens that underperformed comprised bitsCrunch (BCUT), SKALE Network (SKL), and Pixels (PIXEL), with a price decrease of 16.39%, 12.33%, and 11.42%, respectively.

Shiba Inu (SHIB) saw a price decrease of 1.89% and is now priced at ₹0.001955. Dogecoin (DOGE) saw an increase of 2.53% and is now priced at ₹12.4512.

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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