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Bitcoin Is Trading Above The $27k Mark, With Moving Averages Showing A “Strong Buy” Sentiment

By September 20, 20232 minute read

The current price of Bitcoin (BTC) is $27,169.71, with an almost 0.30% decrease in the last hour. There was an increase of 1.36% in its price in the last 24 hours. The 7-day Bitcoin was up by 5.10%.

Ethereum (ETH) is currently trading at $1,639.24, with an almost 0.25% decrease in the last hour. There has been a 0.20% increase in its price in the last 24 hours. The 7-day ETH has been up by 3.19%.

The Exponential Moving Average for 10-days and 200-days indicate a “Buy” sentiment at 26639 and 26992, respectively. Similarly, the Simple Moving Average for 10-day and 200-day SMA indicate a “Buy” and “Sell” at 26465 and 27784, respectively. Simple moving averages show a mixture of “Buy” and “Sell” sentiments.

The Ichimoku Base Line, valued at 26531, shows a “Neutral” sentiment for quite a long time, whereas the Hull Moving Average indicates a “Buy” signal at 27160. The Volume Weighted Moving Average at 26146 showed a “Buy” signal.

Major market oscillators point toward a “Neutral” sentiment. The Relative Strength Index (14), one of the key indicators, sits at 59, with a neutral outlook. The Stochastic %K (14, 3, 3) and the Average Directional Index (14) are at 84 and 17, respectively, further indicating a “Neutral” market.

The MACD Level (12, 26) at 7 indicates a “Buy.” The Stochastic RSI Fast (3, 3, 14, 14) is at 100 with a “Neutral” indicator, while the Williams Percent Range (14) at −11 signals “Sell.”

As of 09:00 AM, 20th September 2023, on WazirX, Bitcoin’s current price is ₹23,45,866, with an almost 2.07% increase in the last hour. There was a 1.31% increase in its price in the last 24 hours. In the past 7 days, Bitcoin was up by 3.34%.

Ethereum (ETH) is trading at ₹1,40,116, with a decrease of 1.32% in the last hour. There was a decrease of 1.26% in the last 24 hours. The 7-day ETH is down by 0.23%.

The top gainers on WazirX include Bluezelle (BLZ), Standard Tokenization Protocol (STPT), and Frontier (FRONT), with price increases of 19.2%, 17.5%, and 16.82%, respectively.

However, the tokens that underperformed comprised TomoChain (TOMO), Venus (XVS), and Dash (DASH), with a price decrease of 6.66%, 6.6%, and 5.83%, respectively.

Shiba Inu (SHIB) saw a price increase of 1.1% and is now priced at ₹0.000639. Dogecoin (DOGE) saw a decrease of 0.96% and is now priced at ₹5.3621.

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