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Bitcoin’s Technical Indicators Reveal A Bearish Outlook.

By March 15, 20242 minute read

The price of Bitcoin is $67,912.59. There was a 5.94% decrease in its price in the last 24 hours. The 7-day Bitcoin is up by 2.67%.

Ethereum (ETH) is currently trading at $3,739.61. There has been a decrease of 6.37% in its price in the last 24 hours. The 7-day ETH is down by 4.33%.

The Exponential Moving Average for a 10-day EMA indicates β€œSell” at 69049, and a 200-day EMA indicates β€œBuy” at 43469. The Simple Moving Average for a 10-day SMA indicates β€œSell” at 69575, and a 200-day SMA indicates β€œBuy” at 40009.

The Ichimoku Base Line, valued at 62157, continues to be neutral. The Hull Moving Average indicates β€œSell” at 72120, and the Volume Weighted Average indicates β€œBuy” at 65801. 

The Relative Strength Index (14) sits at 64, indicating β€œNeutral”. The Stochastic %K (14, 3, 3) at 82 indicates β€œNeutral,” and the Average Directional Index (14) at 56 indicates a β€œNeutral” outlook.

The MACD Level (12, 26), at 5048, indicates β€œBuy”. The Stochastic RSI Fast (3, 3, 14, 14) at 24  indicates β€˜Neutral’, and William’s Percentage at -34 indicates β€˜Neutral’.

As of 01:30 PM, 14th March 2024, on WazirX, Bitcoin’s current price is β‚Ή59,64,002. Its price has decreased by almost 5.89% in the last hour and 5.43% in the last 24 hours. In the past seven days, Bitcoin has increased by 1.62%.

Ethereum (ETH) is trading at β‚Ή3,29,027, down by 4.07% in the last hour and down by 4.09% in the last 24 hours. The 7-day ETH is down 4.70%.

The top gainers on WazirX include Frontier (FRONT), Alchemy Pay (ACH), and Livepeer (LPT), with price increases of 43%, 31.26%, and 24.02%, respectively.

However, the tokens that underperformed comprised Spell Token (SPELL), Dusk Network (DUSK), and Clover Finance (CLV), with a price decrease of 12.19%, 11.76%, and 11.35%, respectively.

Shiba Inu (SHIB) saw a price decrease of 8.02% and is now priced at β‚Ή0.002670. Dogecoin (DOGE) saw a decrease of 7.74% and is now priced at β‚Ή14.7514.

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