Bitcoin hits a six week high as more institutional investors join spot ETF filing to infuse optimism in a crisis facing market. Amidst uncertainty that plagued the industry for the past few weeks, the market has expressed strong ‘Buy’ sentiment.
Shiba Inu, Matic, and other key tokens have also increased in price as Bitcoin hit the $30k mark.
The Exponential Moving Average for 10-day EMA indicates “Buy” at 2835 and 200-day EMA indicates “Buy” at 25469. The Simple Moving Average for 10-day SMA indicates “Buy” at 27136 and 200-day SMA indicates “Buy” at 24117.
The Ichimoku Base Line, valued at 27756, continues to be neutral. The Hull Moving Average indicates “Buy” at 29957. The Volume Weighted Moving Average indicates “Buy” at 26901.
Major market oscillators point to a neutral sentiment. The Relative Strength Index (14) sits at 72, with a neutral outlook. The Stochastic %K (14, 3, 3) at 93 and the Average Directional Index (14) at 27 indicate a Neutral outlook as well.
The MACD Level (12, 26), at 460, indicates “Buy”. The Stochastic RSI Fast (3, 3, 14, 14) is “Neutral” at 100 and William’s Percentage indicates “Sell” at -6.
As of 10:00 AM, 22nd June 2023, on WazirX, Bitcoin’s price is ₹26,19,843, with 0.19% increase in the last hour. There was a 0.57% increase in its price in the last 24 hours. In the past 7 days, Bitcoin was up by 12.24%.
Ethereum (ETH) is trading at ₹1,63,000. There was an 0.20% decrease in the last 24 hours. In the past 7 days, Ethereum was up by 6.88%.
The top gainers on WazirX include Pepe (PEPE), Ardor (ARDR), and Toko Token (TKO), with a price increase of 26.69%, 23.54%, and 19.8%, respectively.
However, the tokens that underperformed comprised Standard Tokenization Protocol (STPT), JasmyCoin (JASMY), Binance Coin (BNB) with a price decrease of 5.09%, 3.07%, and 2.79%, respectively.
Shiba Inu (SHIB) saw a price increase of 10.59% and is now priced at ₹0.000719. Dogecoin (DOGE) saw a increase of 4.99% and is now priced at ₹5.8.
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.
