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BTC Touched The $31k Mark; Market Indicators Continue To Show A “Buy” Sentiment

By June 28, 20232 minute read

The current price of Bitcoin (BTC) is $30,529.03, with an almost 0.27% decrease in the last hour. There was an increase of 0.01% in its price in the last 24 hours. The 7-day Bitcoin was up by 6.23%.

Ethereum (ETH) is currently trading at $1,864.48, with an almost 0.48% decrease in the last hour. There has been a 0.63% decrease in its price in the last 24 hours. The 7-day ETH has been up by 3.11%.

The Exponential Moving Average for 10-days and 200-days indicate a “Buy” sentiment at 29682 and 25759, respectively. Similarly, the Simple Moving Average for 10-days and 200-day SMA both indicate a “Buy” at 29822 and 24519, 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 30695. The Volume Weighted Moving Average at 28158 showed a “Buy” signal.

Major market oscillators point toward a “Neutral” sentiment. The Relative Strength Index (14), one of the key indicators, sits at 68, with a neutral outlook. The Stochastic %K (14, 3, 3) and the Average Directional Index (14) is at 85 and 35, respectively, further indicating a “Neutral” market.

The MACD Level (12, 26) at 1041 indicates a “Buy.” The Stochastic RSI Fast (3, 3, 14, 14) is at 88 with a “Neutral” indicator, while the Williams Percent Range (14) at −15 signals “Neutral.”

As of 09:30 AM, 28th June 2023, on WazirX, Bitcoin’s current price is ₹26,23,000, with an almost 0.21% decrease in the last hour. There was a 0.34% increase in its price in the last 24 hours. In the past 7 days, Bitcoin was up by 0.46%.

Ethereum (ETH) is trading at ₹1,61,658, with a decrease of 0.1% in the last hour. There was a decrease of 0.1% in the last 24 hours. The 7-day ETH is down by 0.21%.

The top gainers on WazirX include Orchid (OXT), HiFi Finance (HIFI), and Ontology (ONT), with price increases of 14.07%, 13.8%, and 13.23%, respectively.

However, the tokens that underperformed comprised Bob (BOB), Dusk Network (DUSK), and Theta Fuel (TFUEL), with a price decrease of 16.64%, 11.01%, and 8.75%, respectively.

Shiba Inu (SHIB) saw a price decrease of 0.29% and is now priced at ₹0.000668. Dogecoin (DOGE) saw an increase of 0.25% and is now priced at ₹5.6997.

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