Skip to main content

After A Challenging Week, BTC Demonstrated Resilience And Is Trading Near $41k

By January 22, 20242 minute read

The current price of Bitcoin (BTC) is $41,437.48, with an almost 0.57% decrease in the last hour. There was a decrease of 1.37% in its price in the last 24 hours. The 7-day Bitcoin was down by 2.51%.

Ethereum (ETH) is currently trading at $2,432.73, with an almost 0.35% decrease in the last hour. There has been a 1.83% decrease in its price in the last 24 hours. The 7-day ETH has been down by 2.94%.

The Exponential Moving Average for 10-days and 200-days indicate a “Sell” and a “Buy” sentiment at 42169 and 35389, respectively. Similarly, the Simple Moving Average for 10-day and 200-day SMA indicate a “Sell” and a “Buy” at 42022 and 33489, respectively. The Simple Moving Average shows a combination of “Sell” and “Buy” sentiments.

The Ichimoku Base Line, valued at 44653, shows a “Neutral” sentiment for quite a long time, whereas the Hull Moving Average indicates a “Sell” signal at 41195. The Volume Weighted Moving Average at 44094 showed a “Sell” signal.

Major market oscillators point toward a “Neutral” sentiment. The Relative Strength Index (14), one of the key indicators, sits at 42, with a neutral indicator. The Stochastic %K (14, 3, 3) and the Average Directional Index (14) are at 14 and 18, respectively, further indicating a “Neutral” market.

The MACD Level (12, 26) at -449 indicates a “Sell.” The Stochastic RSI Fast (3, 3, 14, 14) is at 4 with a “Neutral” indicator, while the Williams Percent Range (14) at −90 signals neutral sentiment.

As of 11:30 AM, 22nd January 2024, on WazirX, Bitcoin’s current price is ₹36,14,566, with an almost 0.96% decrease in the last hour. There was a 0.86% decrease in its price in the last 24 hours. In the past 7 days, Bitcoin was down by 3.86%.

Ethereum (ETH) is trading at ₹2,14,000, with a decrease of 0.59% in the last hour. There was a decrease of 1.81% in the last 24 hours. The 7-day ETH is down by 3.71%.

The top gainers on WazirX include Cartesi (CTSI), Dusk Network (DUSK), and OmiseGO (OMG), with price increases of 33.44%, 8.39%, and 8.33%, respectively.

However, the tokens that underperformed comprised Ethereum Name Service (ENS), Arweave (AR), and Viction (VIC), with a price decrease of 12.85%, 9%, and 7.75%, respectively.

Shiba Inu (SHIB) saw a price decrease of 1.68% and is now priced at ₹0.000820. Dogecoin (DOGE) saw an increase of 0.21% and is now priced at ₹7.4019.

Disclaimer: Click Here to read the Disclaimer.
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.