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BTC Is Maintaining Its Price Level Above $30k

By June 29, 20232 minute read

The current price of Bitcoin (BTC) is $30,299.10, with an almost 0.17% increase in the last hour. There was a decrease of 0.66% in its price in the last 24 hours. The 7-day Bitcoin was up by 0.56%.

Ethereum (ETH) is currently trading at $1,838.64, with an almost 0.01% increase in the last hour. There has been a 1.38% decrease in its price in the last 24 hours. The 7-day ETH has been down by 3.69%.

The Exponential Moving Average for 10-days and 200-days indicate a “Buy” sentiment at 29727 and 25800, respectively. Similarly, the Simple Moving Average for 10-days and 200-day SMA both indicate a “Buy” at 30124 and 24583, 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 30356. The Volume Weighted Moving Average at 28272 showed a “Buy” signal.

Major market oscillators point toward a “Neutral” sentiment. The Relative Strength Index (14), one of the key indicators, sits at 65, with a neutral outlook. The Stochastic %K (14, 3, 3) and the Average Directional Index (14) is at 83 and 35, respectively, further indicating a “Neutral” market.

The MACD Level (12, 26) at 1005 indicates a “Buy.” The Stochastic RSI Fast (3, 3, 14, 14) is at 78 with a “Neutral” indicator, while the Williams Percent Range (14) at −20 signals “Neutral.”

As of 12:30 PM, 29th June 2023, on WazirX, Bitcoin’s current price is ₹26,22,174, with an almost 0.03% decrease in the last hour. There was a 0.49% decrease in its price in the last 24 hours. In the past 7 days, Bitcoin was up by 0.43%.

Ethereum (ETH) is trading at ₹1,58,275, with a decrease of 1.5% in the last hour. There was a decrease of 1.51% in the last 24 hours. The 7-day ETH is down by 2.30%.

The top gainers on WazirX include Verge (XVG), FTX Token (FTT), and Amp (AMP), with price increases of 48.89%, 33%, and 6.11%, respectively.

However, the tokens that underperformed comprised Kusama (KSM), Cream Finance (CREAM), and Streamer (DATA), with a price decrease of 15.1%, 14.24%, and 13.64%, respectively.

Shiba Inu (SHIB) saw a price decrease of 3.17% and is now priced at ₹0.000640. Dogecoin (DOGE) saw a decrease of 3.49% and is now priced at ₹5.4998.

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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