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Bitcoin witnessed a dip, trading flat over previous day’s price, altcoin activities captured the market

By July 20, 20232 minute read

Amidst an overall positive sentiment in the ecosystem, altcoins have created some buzz followed by Ripple’s partial victory.

Bitcoin and Ethereum have traded flat, going a little below their current resistance levels.

The Congress’s extension of support towards Crypto in the US is expected to boost the market sentiment further.

The Exponential Moving Average for 10-day EMA indicates “Sell” at 30184 and 200-day EMA indicates “Buy” at 26672. The Simple Moving Average for 10-day SMA indicates “Sell” at 30328 and 200-day SMA indicates “Buy” at 26005. 

The Ichimoku Base Line, valued at 30663, continues to be neutral. The Hull Moving Average indicates “Buy” at 29784. The Volume Weighted Moving Average indicates “Sell” at 30444.

Major market oscillators point to a “Neutral” sentiment. The Relative Strength Index (14) sits at 51, with a neutral outlook. The Stochastic %K (14, 3, 3) at 18 and the Average Directional Index (14) at 31 indicate a Neutral outlook. 

The MACD Level (12, 26), at 240, indicates “Sell”. The Stochastic RSI Fast (3, 3, 14, 14) is “Neutral” at 4 and William’s Percentage too indicates a “Neural” sentiment at -80.

As of 10:00 AM, 20th July 2023, on WazirX, Bitcoin’s price is ₹25,77,000. The 7 day BTC was up by 0.04%.

Ethereum (ETH) is trading at ₹1,61,906. The 7 day ETH was down by 1.29%

The top gainers on WazirX include Stellar (XLM), Hedera Hashgraph (HBAR), and Quant(QNT), with a price increase of 23.95%, 15.4%, and 8.22%, respectively.

However, the tokens that underperformed comprised Reserve Rights (RSR), QuickSwap (QUICK), and 1INCH (1INCH), with a price decrease of 15.71%, 13.96%, and 9.84%, respectively.

Shiba Inu (SHIB) saw a decrease of 0.88% and is now priced at ₹0.000674. Dogecoin (DOGE) saw an increase of 1.84% and is now priced at ₹6.11

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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