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Bitcoin Exhibits Resilience As The Trading Pattern Suggests A Potential Bullish Continuation

By November 30, 20232 minute read

The current price of Bitcoin (BTC) is $37,866.74, with an almost 0.12% increase in the last hour. There was a decrease of 0.27% in its price in the last 24 hours. The 7-day Bitcoin was up by 1.36%.

Ethereum (ETH) is currently trading at $2,031.21, with an almost 0.06% decrease in the last hour. There has been a 1.06% decrease in its price in the last 24 hours. The 7-day ETH has been down by 1.61%.

The Exponential Moving Average for 10-days and 200-days indicate a “Buy” sentiment at 37506 and 30072, respectively. Similarly, the Simple Moving Average for 10-day and 200-day SMA indicate a “Buy” at 37431 and 29492, respectively. Exponential and Simple Moving Averages show “Buy” sentiments.

The Ichimoku Base Line, valued at 36476, shows a “Neutral” sentiment for quite a long time, whereas the Hull Moving Average indicates a “Buy” signal at 37834. The Volume Weighted Moving Average at 37079 showed a “Buy” signal.

Major market oscillators point toward a “Neutral” sentiment. The Relative Strength Index (14), one of the key indicators, sits at 61, with a neutral indicator. The Stochastic %K (14, 3, 3) and the Average Directional Index (14) are at 80 and 47, respectively, further indicating a “Neutral” market.

The MACD Level (12, 26) at 907 indicates a “Sell.” The Stochastic RSI Fast (3, 3, 14, 14) is at 59 with a “Neutral” indicator, while the Williams Percent Range (14) at −21 signals “Neutral.”

As of 09:30 AM, 30th November 2023, on WazirX, Bitcoin’s current price is ₹33,14,997, with an almost 1.1% decrease in the last hour. There was a 1.36% increase in its price in the last 24 hours. In the past 7 days, Bitcoin was up by 2.05%.

Ethereum (ETH) is trading at ₹1,79,999, with an increase of 0.65% in the last hour. There was an increase of 0.15% in the last 24 hours. The 7-day ETH is down by 0.87%.

The top gainers on WazirX include Theta Fuel (TFUEL), DODO (DODO), and dYdX (DYDX), with price increases of 21.61%, 10.17%, and 9.92%, respectively.

However, the tokens that underperformed comprised Worldcoin (WLD), Cortex (CTXC), and Combo (COMBO), with a price decrease of 12.08%, 10.22%, and 9.52%, respectively.

Shiba Inu (SHIB) saw a price increase of 0.81% and is now priced at ₹0.000728. Dogecoin (DOGE) saw an increase of 2.13% and is now priced at ₹7.1499.

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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