In the midst of Bitcoin’s upward trajectory this week, the spotlight remains on the ongoing progress of the spot Bitcoin ETF. Continuous interactions between the SEC and major stakeholders like BlackRock and Grayscale suggest regulatory bodies are actively working towards approval within the designated timeframe.
The Exponential Moving Average for 10-day EMA indicates “Buy” at 42637 and 200-day EMA indicates “Buy” at 32400. The Simple Moving Average for 10-day SMA indicates “Buy” at 42484 and 200-day SMA indicates “Buy” at 31093.
The Ichimoku Base Line, valued at 40728, continues to be neutral. The Hull Moving Average indicates “Buy” at 42518. The Volume Weighted Moving Average indicates “Buy” at 43213.
The Relative Strength Index (14) sits at 61, indicating “Neutral”. The Stochastic %K (14, 3, 3) at 64 and the Average Directional Index (14) at 34 indicate a Neutral outlook.
The MACD Level (12, 26), at 1180, indicates “Sell”. The Stochastic RSI Fast (3, 3, 14, 14) at 86 indicates ‘Neutral’ and William’s Percentage at -30 indicates ‘Neutral’.
As of 10:00 AM, 21st December 2023, on WazirX, Bitcoin’s price is ₹38,16,845, with a 0.59% decrease in the last 24 hours. There was a 4.14% increase in its price over the last 7 days.
Ethereum (ETH) is trading at ₹1,94,277. There was a increase of 0.14% in the last 24 hours. There was a 1.05% decrease in its price over the last 7 days.
The top gainers on WazirX include Bakery Token(BAKE), Orchid(OXT), Auction(AUCTION) with price increases of 60.3%, 50.9%, and 24.54%, respectively.
However, the tokens that underperformed comprised Bob(BOB), Dock(DOCK) and Streamr(DATA) with a price decrease of 23.25%, 23.03%, and 21.22%, respectively.
Shiba Inu (SHIB) saw a price increase of 0.44% and is now priced at ₹0.000898. Dogecoin (DOGE) saw an increase of 0.51% and is now priced at ₹8.05.
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.
