Bitcoin price decreases slightly in value after a weekend of low activity in the US. However, the price still holds strong at $30k+ with moving averages indicating a Strong Buy sentiment.
Bitcoin futures and options witness renewed interest after March 2023, reaching an 18 month high in anticipation of the halving next year.
The Exponential Moving Average for 10-day EMA indicates “Buy” at 30481 and 200-day EMA indicates “Buy” at 26090. The Simple Moving Average for 10-day SMA indicates “Buy” at 30595 and 200-day SMA indicates “Buy” at 24988.
The Ichimoku Base Line, valued at 28107, continues to be neutral. The Hull Moving Average indicates “Sell” at 31006. The Volume Weighted Moving Average indicates “Buy” at 29653.
Major market oscillators point to a neutral sentiment. The Relative Strength Index (14) sits at 66, with a neutral outlook. The Stochastic %K (14, 3, 3) at 80 indicates “Sell” and the Average Directional Index (14) at 34 indicates a Neutral outlook.
The MACD Level (12, 26), at 978, indicates “Buy”. The Stochastic RSI Fast (3, 3, 14, 14) is “Neutral” at 36 and William’s Percentage too indicates a “Neural” sentiment at -31.
As of 10:00 AM, 5th July 2023, on WazirX, Bitcoin’s price is ₹26,52,055. There was a 0.98% increase in its price in the last 24 hours. The 7 day Bitcoin was up by 1.53%
Ethereum (ETH) is trading at ₹1,65,100. There was an 0.06% increase in the last 24 hours. The 7 day Ethereum was up by 1.29%.
The top gainers on WazirX include Verge (XVG), Render Token (RNDR), and Biconomy (BICO), with a price increase of 41.17%, 311.61%, and 9.97%, respectively.
However, the tokens that underperformed comprised Ooki DAO (OOKI), Injective Protocol (INJ), and Celo (CELO), with a price decrease of 16.93%, 13.65%, and 11%, respectively.
Shiba Inu (SHIB) saw a price decrease of 0.74% and is now priced at ₹0.000664. Dogecoin (DOGE) saw a decrease of 0.16% and is now priced at ₹5.910
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