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Bitcoin’s Price Fall To Surpass Its 50-day Moving Average Suggesting A Bearish Trend

By September 25, 20232 minute read

The current price of Bitcoin (BTC) is $26,583.87, with an almost 0.07% decrease in the last hour. There was a decrease of 1.46% in its price in the last 24 hours. The 7-day Bitcoin was up by 0.08%.

Ethereum (ETH) is currently trading at $1,591.10, with an almost 0.08% increase in the last hour. There has been a 1.75% decrease in its price in the last 24 hours. The 7-day ETH has been down by 2.46%.

The Exponential Moving Average for 10-days and 200-days indicate a “Buy” and “Sell” sentiment at 26617 and 26984, respectively. Similarly, the Simple Moving Average for 10-day and 200-day SMA indicate a “Sell” at 26677 and 27825, respectively. Exponential moving averages show a mixture of “Buy” and “Sell” sentiments.

The Ichimoku Base Line, valued at 26531, shows a “Neutral” sentiment for quite a long time, whereas the Hull Moving Average indicates a “Sell” signal at 26918. The Volume Weighted Moving Average at 26265 showed a “Buy” signal.

Major market oscillators point toward a “Neutral” sentiment. The Relative Strength Index (14), one of the key indicators, sits at 51, with a neutral outlook. The Stochastic %K (14, 3, 3) and the Average Directional Index (14) are at 72 and 15, respectively, further indicating a “Neutral” market.

The MACD Level (12, 26) at 6 indicates a “Buy.” The Stochastic RSI Fast (3, 3, 14, 14) is at 76 with a “Neutral” indicator, while the Williams Percent Range (14) at −34 signals “Neutral.”

As of 09:30 AM, 25th September 2023, on WazirX, Bitcoin’s current price is ₹22,58,150, with an almost 1.37% decrease in the last hour. There was a 0.97% decrease in its price in the last 24 hours. In the past 7 days, Bitcoin was down by 0.02%.

Ethereum (ETH) is trading at ₹1,35,600, with a decrease of 0.16% in the last hour. There was a decrease of 0.93% in the last 24 hours. The 7-day ETH is up by 0.03%.

The top gainers on WazirX include Tomochain (TOMO), Frontier (FRONT), and FTX Token (FTT), with price increases of 27.23%, 15.8%, and 14.28%, respectively.

However, the tokens that underperformed comprised Standard Tokenization Protocol (STPT), OokiDAO Token (OOKI), and Bluzelle (BLZ), with a price decrease of 11.51%, 10.09%, and 9,28%, respectively.

Shiba Inu (SHIB) saw a price decrease of 0.15% and is now priced at ₹0.000632. Dogecoin (DOGE) saw a decrease of 0.43% and is now priced at ₹5.2771.

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