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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.

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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