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Bitcoin Crossed The $26k Resistance Level After A Long Week; Tellor Rose By 44%

By September 8, 20232 minute read

The current price of Bitcoin (BTC) is $26,243.23, with an almost 0.08% decrease in the last hour. There was an increase of 1.76% in its price in the last 24 hours. The 7-day Bitcoin was up by 0.67%.

Ethereum (ETH) is currently trading at $1,644.91, with an almost 0.10% decrease in the last hour. There has been a 0.73% increase in its price in the last 24 hours. The 7-day ETH has been down by 0.25%.

The Exponential Moving Average for 10-days and 200-days indicate a “Mix” and “Sell” sentiment at 26115 and 27073, respectively. Similarly, the Simple Moving Average for 10-day and 200-day SMA indicate a “Buy” and “Sell” at 26069 and 27608, respectively. Simple moving averages show a mixture of “Buy” and “Sell” sentiments.

The Ichimoku Base Line, valued at 27496, shows a “Neutral” sentiment for quite a long time, whereas the Hull Moving Average indicates a “Buy” signal at 26036. The Volume Weighted Moving Average at 26389 showed a “Sell” signal.

Major market oscillators point toward a “Neutral” sentiment. The Relative Strength Index (14), one of the key indicators, sits at 43, with a neutral outlook. The Stochastic %K (14, 3, 3) and the Average Directional Index (14) are at 26 and 24, respectively, further indicating a “Neutral” market.

The MACD Level (12, 26) at -531 indicates a “Buy.” The Stochastic RSI Fast (3, 3, 14, 14) is at 57 with a “Neutral” indicator, while the Williams Percent Range (14) at −68 signals “Neutral.”

As of 09:30 AM, 08th September 2023, on WazirX, Bitcoin’s current price is ₹22,76,910, with an almost 1.87% increase in the last hour. There was a 1.77% increase in its price in the last 24 hours. In the past 7 days, Bitcoin was down by 1.38%.

Ethereum (ETH) is trading at ₹1,42,961, with an increase of 1.1% in the last hour. There was a decrease of 0.28% in the last 24 hours. The 7-day ETH is down by 0.38%.

The top gainers on WazirX include Tellor (TRB), Venus (XVS), and Origin Token (OGN), with price increases of 44.63%, 28.46%, and 20.86%, respectively.

However, the tokens that underperformed comprised Frontier (FRONT), Iotx (IOTX), and Zcash (ZEC)with a price decrease of 8.93%, 8.31%, and 7.25%, respectively.

Shiba Inu (SHIB) saw a price decrease of 1.32% and is now priced at ₹0.000668. Dogecoin (DOGE) saw a decrease of 0.86% and is now priced at ₹5.5074.

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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