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Price Of Bitcoin Remains Above $26k Mark; Market Indicators Continues To Show The “Sell” Sentiment

By August 22, 20232 minute read

The current price of Bitcoin (BTC) is $26,091.09, with an almost 0.05% decrease in the last hour. There was a decrease of 0.23% in its price in the last 24 hours. The 7-day Bitcoin was down by 11.12%.

Ethereum (ETH) is currently trading at $1,664.28, with an almost 0.11% decrease in the last hour. There has been a 0.86% increase in its price in the last 24 hours. The 7-day ETH has been down by 9.64%.

The Exponential Moving Average for 10-days and 200-days indicate strong “Sell” sentiment at 27073 and 27237, respectively. Similarly, the Simple Moving Average for 10-days and 200-day SMA indicate “Sell” at 27371 and 27344, respectively. Simple moving averages show strong “Sell” sentiments.

The Ichimoku Base Line, valued at 27906, shows a “Neutral” sentiment for quite a long time, whereas the Hull Moving Average indicates a “Buy” signal at 25511. The Volume Weighted Moving Average at 28078 showed a “Sell” signal.

Major market oscillators point toward a “Neutral” sentiment. The Relative Strength Index (14), one of the key indicators, sits at 21, with a neutral outlook. The Stochastic %K (14, 3, 3) and the Average Directional Index (14) is at 11 and 28, respectively, further indicating a “Neutral” market.

The MACD Level (12, 26) at -898 indicates a “Sell.” The Stochastic RSI Fast (3, 3, 14, 14) is at 6 with a “Neutral” indicator, while the Williams Percent Range (14) at −90 signals “Neutral.”

As of 09:00 AM, 22nd August 2023, on WazirX, Bitcoin’s current price is ₹23,29,000, with an almost 1.08% increase in the last hour. There was a 0.10% increase in its price in the last 24 hours. In the past 7 days, Bitcoin was up by 0.65%.

Ethereum (ETH) is trading at ₹1,48,000, with a decrease of 1.05% in the last hour. There was a decrease of 0.01% in the last 24 hours. The 7-day ETH is up by 0.67%.

The top gainers on WazirX include Aave (AAVE), Theta Fuel (TFUEL), and Ardor (ARDR), with price increases of 11.53%, 9.96%, and 9.49%, respectively.

However, the tokens that underperformed comprised Lovely Inu Finance (LOVELY), Reserve Rights (RSR), and Spell Token (SPELL), with a price decrease of 9.75%, 8.26%, and 8.14%, respectively.

Shiba Inu (SHIB) saw a price decrease of 5.71% and is now priced at ₹0.000710. Dogecoin (DOGE) saw a decrease of 3.87% and is now priced at ₹6.5950.

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