Despite momentary price shifts, Bitcoin’s robust year-to-date surge of approximately 150% has maintained positive market sentiments. The anticipation of spot bitcoin ETF, Bitcoin halving and the entry of institutional investors is set to hit a pause on long positions liquidity as hodlers will start accumulating tokens for higher gains.
The Exponential Moving Average for 10-day EMA indicates “Buy” at 42245 and 200-day EMA indicates “Buy” at 32277. The Simple Moving Average for 10-day SMA indicates “Buy” at 42146 and 200-day SMA indicates “Buy” at 31005.
The Ichimoku Base Line, valued at 40728, continues to be neutral. The Hull Moving Average indicates “Buy” at 42240. The Volume Weighted Moving Average indicates “Buy” at 42251.
The Relative Strength Index (14) sits at 58, indicating “Neutral”. The Stochastic %K (14, 3, 3) at 50 and the Average Directional Index (14) at 34 indicate a Neutral outlook.
The MACD Level (12, 26), at 1086, indicates “Sell”. The Stochastic RSI Fast (3, 3, 14, 14) at 16 indicates ‘Neutral’ and William’s Percentage at -51 indicates ‘Neutral’.
As of 10:00 AM, 20th December 2023, on WazirX, Bitcoin’s price is ₹37,43,000, with a 0.84% increase in the last 24 hours. There was a 2.13% increase in its price over the last 7 days.
Ethereum (ETH) is trading at ₹1,93,000. There was a decrease of 0.01% in the last 24 hours. There was a 3.80% decrease in its price over the last 7 days.
The top gainers on WazirX include Streamr(DATA), Dock(DOCK), AdEx Network(ADX) with price increases of 108.95%, 20.41%, and 20.07%, respectively.
However, the tokens that underperformed comprised Bob(BOB), Storj(STORJ), and Worldcoin(WLD), with a price decrease of 29.86%, 16.41%, and 15.74%, respectively.
Shiba Inu (SHIB) saw a price increase of 2.92% and is now priced at ₹0.000895. Dogecoin (DOGE) saw a decrease of 1.45% and is now priced at ₹8.08.
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.
