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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.

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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