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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: 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.
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