The technical analysis for today’s market hasn’t been very different from yesterday. Activity on the Bitcoin network intensified in the last 24 hours.
The Exponential Moving Average for 10-day is 22221.64, indicating a “Sell” while the 200-day EMA at 21403.96 indicates a “Buy”. The Simple Moving Average for 10-day is 22218.30 indicating a “Sell” and the 200-day SMA indicates “Buy” at 19695.25. Both moving averages provide mixed signals.
Meanwhile, the Ichimoku Base Line valued at 22817.00 is neutral, and the Hull Moving Average 21926.31 indicates a “Buy” signal. On the other hand, the Volume Weighted Moving Average at 22823.56 signals a “Sell”, following similar patterns as the previous day.
Most market indicators continue to point to a neutral sentiment. The Relative Strength Index (14) sits at 51.04, with a neutral outlook. The Stochastic %K (14, 3, 3) and the Average Directional Index (14) are at 22.91 and 33.66 respectively, further signaling a neutral market.
The MACD Level (12, 26) is at 208.91, pointing to a “Sell”. The Stochastic RSI Fast (3, 3, 14, 14) is at 16.82, and The Williams Percent Range (14) is at -74.60, again pointing to a neutral market.
As of 10:00 AM, 15th February 2023, on WazirX, the current price of Bitcoin is ₹18,85,048, with almost 0.75% decrease in the last hour. There was a 1.04% decrease in its price in the last 24 hours. The 7-days Bitcoin was down 0.15%.
Ethereum (ETH) is currently trading at ₹1,31,893, with almost 0.53% decrease in the last hour. There has been a 0.68% decrease in its price in the last 24 hours. The 7-day ETH was up 0.07%.
Some tokens performed well on WazirX including Hedera Hashgraph (HBAR), The Graph (GRT), and Oasis Network (ROSE) with price increases of 16.1%, 13.21%, and 11.77% respectively.
However, some tokens such as Near Protocol (NEAR), Balancer (BAL), and Ziliqa (ZIL) underperformed with price decreases of 4.28%, 4.16%, and 3.7% respectively.
Shiba Inu (SHIB) saw a price increase of 0.83% and is now priced at ₹ 0.001094. Dogecoin also saw a decrease of 3.41% and is now priced at ₹7.39
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