Skip to main content

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.

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.
Participate in the Indian Crypto Movement. Share:

Leave a Reply

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.