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BTC Maintains Its Position Above $26,000 While ETH Stabilizes Around $1,600

By August 23, 20232 minute read

The current price of Bitcoin (BTC) is $26,099.23, with an almost 0.23% increase in the last hour. There was an increase of 0.05% in its price in the last 24 hours. The 7-day Bitcoin was down by 10.80%.

Ethereum (ETH) is currently trading at $1,635.80, with an almost 0.34% increase in the last hour. There has been a 1.69% decrease in its price in the last 24 hours. The 7-day ETH has been down by 10.69%.

The Exponential Moving Average for 10-days and 200-days indicate strong “Sell” sentiment at 26888 and 27226, respectively. Similarly, the Simple Moving Average for 10-days and 200-day SMA indicate “Sell” at 27049 and 27358, respectively. Simple moving averages show strong “Sell” sentiments.

The Ichimoku Base Line, valued at 27780, shows a “Neutral” sentiment for quite a long time, whereas the Hull Moving Average indicates a “Buy” signal at 25720. The Volume Weighted Moving Average at 27888 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 buy outlook. The Stochastic %K (14, 3, 3) and the Average Directional Index (14) is at 14 and 31, respectively, further indicating a “Neutral” market.

The MACD Level (12, 26) at -930 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 −84 signals “Neutral.”

As of 10:30 AM, 23rd August 2023, on WazirX, Bitcoin’s current price is ₹23,09,500, with an almost 0.75% decrease in the last hour. There was a 0.61% decrease in its price in the last 24 hours. In the past 7 days, Bitcoin was down by 1.48%.

Ethereum (ETH) is trading at ₹1,44,000, with a decrease of 2.04% in the last hour. There was a decrease of 2.04% in the last 24 hours. The 7-day ETH is down by 2.05%.

The top gainers on WazirX include Dusk Network (DUSK), Ardor (ARDR), and Compound (COMP), with price increases of 9.87%, 7.51%, and 7.07%, respectively.

However, the tokens that underperformed comprised THOR Chain (RUNE), Maker (MKR), and Harmony (ONE), with a price decrease of 12.75%, 8.94%, and 8.28%, respectively.

Shiba Inu (SHIB) saw a price increase of 3.62% and is now priced at ₹0.000744. Dogecoin (DOGE) saw an increase of 0.49% and is now priced at ₹5.5983.

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