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Breaching BTC’s New Support Level Could Trigger Further Declines & Increased Selling Pressure.

By June 24, 20241 minute read

The price of Bitcoin is $62,872.436. Its price decreased by 2.31% in the last 24 hours, but the 7-day Bitcoin is down by 5.21%.

Ethereum (ETH) is currently trading at $3,389.11. Its price has decreased by 3.30% in the last 24 hours, and the 7-day ETH is down by 4.47%.

Bitcoin’s technical indicators are pointing towards a bearish trend: the hourly MACD is accelerating in the bearish zone, and the hourly RSI for BTC/USD is below the 50 level. Key support levels are currently at $62,700 and $62,200, while major resistance levels are noted at $63,550 and $64,500. These indicators should be approached with caution, as they suggest a potential continuation of the bearish trend.

As of 2:30 PM, June 24, 2024, on WazirX, Bitcoin’s current price is ₹58,13,396. Its price has increased by 0.20% in the last 24 hours and 5.50% in the past seven days.

Ethereum (ETH) is trading at ₹3,09,947, down by 2.56% in the last 24 hours. The 7-day ETH is down 4.75%.

The top gainers on WazirX include Neo (NEO), WAX (WAXP), and Green Metaverse Token (GMT), with price increases of 12.12%, 11.66%, and 9.42%, respectively.

However, the tokens that underperformed comprised Bakery Token (BAKE), Mina (MINA), and Livepeer (LPT), with a price decrease of 27.75%, 24.04%, and 17.08%, respectively.

Shiba Inu (SHIB) saw a 6% price decrease and is now priced at ₹0.001550. Dogecoin (DOGE) saw a 3.93% price decrease and is now priced at ₹10.9989.

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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