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Major Market Indicators Show A Mixed Sentiment As Bitcoin Started Trading Near $42k

By December 27, 20232 minute read

The current price of Bitcoin (BTC) is $42,987.82, with an almost 0.44% decrease in the last hour. There was a decrease of 1.06% in its price in the last 24 hours. The 7-day Bitcoin was up by 1.24%.

Ethereum (ETH) is currently trading at $2,223.45, with an almost 0.24% decrease in the last hour. There has been a 2.10% decrease in its price in the last 24 hours. The 7-day ETH has been up by 1.79%.

The Exponential Moving Average for 10-days and 200-days indicate a “Sell” and “Buy” sentiment at 42921 and 33032, respectively. Similarly, the Simple Moving Average for 10-day and 200-day SMA indicate a “Buy” at 43162 and 31600, respectively. The Simple Moving Average shows “Sell” and “Buy” sentiments.

The Ichimoku Base Line, valued at 41696, shows a “Neutral” sentiment for quite a long time, whereas the Hull Moving Average indicates a “Sell” signal at 42674. The Volume Weighted Moving Average at 42717 showed a “Sell” signal.

Major market oscillators point toward a “Neutral” sentiment. The Relative Strength Index (14), one of the key indicators, sits at 52, with a neutral indicator. The Stochastic %K (14, 3, 3) and the Average Directional Index (14) are at 59 and 26, respectively, further indicating a “Neutral” market.

The MACD Level (12, 26) at 853 indicates a “Sell.” The Stochastic RSI Fast (3, 3, 14, 14) is at 20 with a “Neutral” indicator, while the Williams Percent Range (14) at −54 signals “Neutral.”

As of 09:30 AM, 27th December 2023, on WazirX, Bitcoin’s current price is ₹37,58,340, with an almost 1.62% decrease in the last hour. There was a 1.75% decrease in its price in the last 24 hours. In the past 7 days, Bitcoin was down by 0.24%.

Ethereum (ETH) is trading at ₹1,97,000, with a decrease of 1.16% in the last hour. There was a decrease of 0.86% in the last 24 hours. The 7-day ETH is up by 1.67%.

The top gainers on WazirX include Perpetual Protocol (PERP), QuickSwap (QUICK), and Dusk Network (DUSK), with price increases of 40%, 25.99%, and 21.73%, respectively.

However, the tokens that underperformed comprised Bob (BOB), Vulcan Forged PYR (PYR), and SuperFarm (SUPER), with a price decrease of 17.77%, 10.13%, and 9.52%, respectively.

Shiba Inu (SHIB) saw a price decrease of 5.17% and is now priced at ₹0.000916. Dogecoin (DOGE) saw a decrease of 2.9% and is now priced at ₹8.0395.

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