Bitcoin appears poised to challenge its $28,000 resistance level, and the prevailing sentiment suggests it may succeed. This marks a notable shift from the fear that dominated the market for most of the previous month.

Additionally, Bitcoin’s Bollinger Bands indicate that the market is currently in a consolidation phase.

The Exponential Moving Average for 10-day EMA indicates “Buy” at 27641 and 200-day EMA indicates “Buy” at 27023. The Simple Moving Average for 10-day SMA indicates “Buy” at 27692 and 200-day SMA indicates “Sell” at 28038.

The Ichimoku Base Line, valued at 27285, continues to be neutral. The Hull Moving Average indicates “Sell” at 28045. The Volume Weighted Moving Average indicates “Buy” at 27125. 

The Relative Strength Index (14) sits at 62, with a neutral outlook. The Stochastic %K (14, 3, 3) at 75 and the Average Directional Index (14) at 26 indicate a Neutral outlook. 

The MACD Level (12, 26), at 368, indicates “Buy”. The Stochastic RSI Fast (3, 3, 14, 14) is “Neutral” at 75 and William’s Percentage is “Neutral” at -25.

As of 10:00 AM, 9th October 2023, on WazirX, Bitcoin’s current price is ₹23,92,000. There was a 0.46% increase in its price in the last 24 hours. In the past 7 days, Bitcoin is up by 0.50%.

Ethereum (ETH) is trading at ₹1,40,800, with an increase of 0.57% in the last 24 hours. The 7-day ETH is up by 1.37%.

The top gainers on WazirX include Storj (STORJ), Ox Protocol (ZRX), Dusk Network (DUSK) and with price increases of 17.5%, 10.03%, and 8.94%, respectively.

However, the tokens that underperformed comprised Perpetual Protocol (PERP), Standard Tokenization Protocol (STPT), and Cream Finance (CREAM), with a price decrease of 23.06%, 7.53%, and 6.12%, respectively.

Shiba Inu (SHIB) saw a price decrease of 1.11% and is now priced at ₹0.000712. Dogecoin (DOGE) saw a decrease of 1.14% and is now priced at ₹5.22.