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Bitcoin’s Price Continues To Be Above $30k Mark; Market Indicators Show A “Buy” Sentiment Today

By June 27, 20232 minute read

The current price of Bitcoin (BTC) is $30,481.25, with an almost 0.01% decrease in the last hour. There was an increase of 0.46% in its price in the last 24 hours. The 7-day Bitcoin was up by 13.18%.

Ethereum (ETH) is currently trading at $1,857.64, with an almost 0.33% increase in the last hour. There has been a 0.29% decrease in its price in the last 24 hours. The 7-day ETH has been up by 8.19%.

The Exponential Moving Average for 10-days and 200-days indicate a “Buy” sentiment at 29457 and 25709, respectively. Similarly, the Simple Moving Average for 10-days and 200-day SMA both indicate a “Buy” at 29380 and 24451, respectively. Simple moving averages show strong “Buy” sentiments.

The Ichimoku Base Line, valued at 28107, shows a “Neutral” sentiment for quite a long time, whereas the Hull Moving Average indicates a “Sell” signal at 30806. The Volume Weighted Moving Average at 27979 showed a “Buy” signal.

Major market oscillators point toward a “Neutral” sentiment. The Relative Strength Index (14), one of the key indicators, sits at 69, with a neutral outlook. The Stochastic %K (14, 3, 3) and the Average Directional Index (14) is at 84 and 34, respectively, further indicating a “Neutral” market.

The MACD Level (12, 26) at 996 indicates a “Buy.” The Stochastic RSI Fast (3, 3, 14, 14) is at 91 with a “Neutral” indicator, while the Williams Percent Range (14) at −16 signals “Neutral.”

As of 09:30 AM, 27th June 2023, on WazirX, Bitcoin’s current price is ₹26,18,000, with an almost 0.03% increase in the last hour. There was a 0.11% decrease in its price in the last 24 hours. In the past 7 days, Bitcoin was up by 0.27%.

Ethereum (ETH) is trading at ₹1,61,000, with a decrease of 0.02% in the last hour. There was a decrease of 0.33% in the last 24 hours. The 7-day ETH is down by 0.62%.

The top gainers on WazirX include Orchid (OXT), Aave (AAVE), and Compound (COMP), with price increases of 39.35%, 12.84%, and 9.84%, respectively.

However, the tokens that underperformed comprised Smooth Love Potion (SLP), QuickSwap (QUICK), and Paxos Gold (PAXG), with a price decrease of 9.62%, 9.33%, and 9.03%, respectively.

Shiba Inu (SHIB) saw a price increase of 0.03% and is now priced at ₹0.000668. Dogecoin (DOGE) saw a decrease of 0.83% and is now priced at ₹5.6525.

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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