In the past 24 hours, Bitcoin has slipped below the optimistic $35,000 threshold. Nevertheless, the prevailing market sentiment remains positive, despite this brief decline in prices. The moving averages for Bitcoin still indicate a Strong Buy sentiment.
The Exponential Moving Average for 10-day EMA indicates “Buy” at 34596 and 200-day EMA indicates “Buy” at 28251. The Simple Moving Average for 10-day SMA indicates “Buy” at 34880 and 200-day SMA indicates “Buy” at 28472.
The Ichimoku Base Line, valued at 31322, continues to be neutral. The Hull Moving Average indicates “Sell” at 35014. The Volume Weighted Moving Average indicates “Buy” at 33441.
The Relative Strength Index (14) sits at 73, indicating “Sell”. The Stochastic %K (14, 3, 3) at 70 and the Average Directional Index (14) at 64 indicate a Neutral outlook.
The MACD Level (12, 26), at 1661, indicates “Sell”. The Stochastic RSI Fast (3, 3, 14, 14) at 5 and William’s Percentage at -44 indicate “Neutral”.
As of 10:00 AM, 7th November 2023, on WazirX, Bitcoin’s current price is ₹30,17,208, with a 0.28% increase in the last 24 hours. There was a 0.93% decrease in its price in the last week.
Ethereum (ETH) is trading at ₹1,64,448. There was an increase of 0.88% in the last 24 hours. There was a 0.58% increase in its price in the last week.
The top gainers on WazirX include Blur (BLUR), Vibrate (VIB), and Audius (AUDIO), with price increases of 46.53%, 27.69%, and 13.83%, respectively.
However, the tokens that underperformed comprised Filecoin (FIL), Pundi X (PUNDIX), and Arweave (AR), with a price decrease of 5.14%, 5.1%, and 4.64%, respectively.
Shiba Inu (SHIB) saw a price increase of 2.83% and is now priced at ₹0.000725. Dogecoin (DOGE) saw an increase of 6.39% and is now priced at ₹6.49.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.