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Bitcoin And Ethereum Experienced A Retracement Following A Four-Week Surge

By November 20, 20232 minute read

The current price of Bitcoin (BTC) is $37,327.61, with an almost 0.03% increase in the last hour. There was an increase of 1.58% in its price in the last 24 hours. The 7-day Bitcoin was up by 0.50%.

Ethereum (ETH) is currently trading at $2,009.78, with an almost 0.18% decrease in the last hour. There has been a 2.92% increase in its price in the last 24 hours. The 7-day ETH has been up by 2.16%.

The Exponential Moving Average for 10-days and 200-days indicate a “Buy” sentiment at 36744 and 29295, respectively. Similarly, the Simple Moving Average for 10-day and 200-day SMA indicate a “Buy” at 36830 and 29006, respectively. Exponential and Simple Moving Averages show a “Buy” sentiment.

The Ichimoku Base Line, valued at 35693, shows a “Neutral” sentiment for quite a long time, whereas the Hull Moving Average indicates a “Buy” signal at 37132. The Volume Weighted Moving Average at 36203 showed a “Buy” signal.

Major market oscillators point toward a “Neutral” sentiment. The Relative Strength Index (14), one of the key indicators, sits at 64, with a neutral indicator. The Stochastic %K (14, 3, 3) and the Average Directional Index (14) are at 75 and 62, respectively, further indicating a “Neutral” market.

The MACD Level (12, 26) at 1280 indicates a “Sell.” The Stochastic RSI Fast (3, 3, 14, 14) is at 16 with a “Neutral” indicator, while the Williams Percent Range (14) at −19 signals “Sell.”

As of 11:00 AM, 20th November 2023, on WazirX, Bitcoin’s current price is ₹32,58,749, with an almost 1.8% increase in the last hour. There was a 1.82% increase in its price in the last 24 hours. In the past 7 days, Bitcoin was up by 0.42%.

Ethereum (ETH) is trading at ₹1,75,000, with an increase of 0.65% in the last hour. There was an increase of 0.48% in the last 24 hours. The 7-day ETH is down by 2.09%.

The top gainers on WazirX include SKALE Network (SKL), Tomochain (TOMO), and Synthetix Network Token (SNX), with price increases of 29.68%, 23.34%, and 21.77%, respectively.

However, the tokens that underperformed comprised Ardor (ARDR), dYdX (DYDX), and Render Token (RNDR), with a price decrease of 13.27%, 10.14%, and 8.7%, respectively.

Shiba Inu (SHIB) saw a price increase of 0.13% and is now priced at ₹0.000751. Dogecoin (DOGE) saw an increase of 1.13% and is now priced at ₹7.0500.

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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