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BTC Is Trading Around $39k Mark; Market Oscillators Show An Overall Neutral Sentiment

By January 24, 20242 minute read

The current price of Bitcoin (BTC) is $39,791.49, with an almost 0.49% decrease in the last hour. There was a decrease of 0.69% in its price in the last 24 hours. The 7-day Bitcoin was down by 7.56%.

Ethereum (ETH) is currently trading at $2,215.81, with an almost 0.50% increase in the last hour. There has been a 5.44% decrease in its price in the last 24 hours. The 7-day ETH has been down by 14.05%.

The Exponential Moving Average for 10-days and 200-days indicate a “Sell” and a “Buy” sentiment at 41152 and 35459, respectively. Similarly, the Simple Moving Average for 10-day and 200-day SMA indicate a “Sell” and a “Buy” at 41345 and 33575, respectively. The Simple Moving Average shows a combination of “Sell” and “Buy” sentiments.

The Ichimoku Base Line, valued at 43777, shows a “Neutral” sentiment for quite a long time, whereas the Hull Moving Average indicates a “Buy” signal at 39399. The Volume Weighted Moving Average at 43635 showed a “Sell” signal.

Major market oscillators point toward a “Neutral” sentiment. The Relative Strength Index (14), one of the key indicators, sits at 37, with a neutral indicator. The Stochastic %K (14, 3, 3) and the Average Directional Index (14) are at 8 and 22, respectively, further indicating a “Neutral” market.

The MACD Level (12, 26) at -836 indicates a “Sell.” The Stochastic RSI Fast (3, 3, 14, 14) is at 3 with a “Neutral” indicator, while the Williams Percent Range (14) at −90 signals neutral sentiment.

As of 09:45 AM, 24th January 2024, on WazirX, Bitcoin’s current price is ₹35,27,034, with an almost 0.14% decrease in the last hour. There was a 0.78% increase in its price in the last 24 hours. In the past 7 days, Bitcoin was down by 7.61%.

Ethereum (ETH) is trading at ₹1,98,121, with a decrease of 4.05% in the last hour. There was a decrease of 4.14% in the last 24 hours. The 7-day ETH is down by 13,88%.

The top gainers on WazirX include Dusk Network (DUSK), Blur (BLUR), and Alchemy Pay (ACH), with price increases of 12.12%, 10.15%, and 9.56%, respectively.

However, the tokens that underperformed comprised Ethereum Name Service (ENS), Axie Infinity (AXS), and Reserve Rights (RSR), with a price decrease of 14.45%, 14.24%, and 13.75%, respectively.

Shiba Inu (SHIB) saw a price decrease of 2.24% and is now priced at ₹0.00783. Dogecoin (DOGE) saw a decrease of 0.84% and is now priced at ₹7.0644.

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