Today’s analysis continues to suggest an overall “Buy” signal for the market.
As of now, the current price of Bitcoin (BTC) is $24,331.66, with an almost 0.65% decrease in the last hour. There was a 3.50% decrease in its price in the last 24 hours. The 7-day Bitcoin was up by 8.61%.
Ethereum (ETH) is currently trading at $1661.41, with an almost 0.38% decrease in the last hour. There has been a 4.02% decrease in its price in the last 24 hours. The 7-day ETH has been up 6.29%.
The Exponential Moving Average for 10-day and 200-day indicates a “Buy” at 23958.24 and 21624.46, respectively. Similarly, the Simple Moving Average for 10-day and 200-day SMA indicates a “Buy” as well at 23883.60 and 19752.18, respectively. Both moving averages indicate a buy market.
The Ichimoku Base Line, valued at 23323.00, continues to be neutral, whereas the Hull Moving Average indicates a “Sell” signal at 24687.37. The Volume Weighted Moving Average at 23302.43 continues to signal “Buy.”
Major market indicators continue to point to a neutral sentiment. The Relative Strength Index (14), one of the key indicators, sits at 59.27, with a neutral outlook. The Stochastic %K (14, 3, 3) and the Average Directional Index (14) is at 79.93 and 38.58, respectively, further indicating a neutral market.
The MACD Level (12, 26), at 715.75, indicates a “Buy.” The Stochastic RSI Fast (3, 3, 14, 14) is at 73.43 with a “Neutral” indicator, while the Williams Percent Range (14) at −27.97 also signals “Neutral.”
As of 09:00 AM, 22nd February 2023, on WazirX, Bitcoin’s current price is ₹21,00,000, with an almost 0.09% increase in the last hour. There was a 0.75% decrease in its price in the last 24 hours. In the past 7 days, Bitcoin was up 1.47%.
Ethereum (ETH) is trading at ₹1,41,623, with a decrease of 0.96% in the last hour. There has been a 1.40% decrease in its price in the last 24 hours. The 7-day ETH is down by 0.20%.
The top gainers on WazirX include Ardor (ARDR), Nem (XEM), and Dock (DOCK) with a price increase of 84.55%, 45.17%, and 30.11%, respectively.
However, the tokens that underperformed comprised IOSToken (IOST), Alchemy Pay (ACH), and Nervos Network (CKB) with a price decrease of 12.81%, 12.8%, and 11.03%, respectively.
Shiba Inu (SHIB) saw a price decrease of 2.08% and is now priced at ₹0.001124. Dogecoin also saw a minor drop of 0.14% and is now priced at ₹7.48.
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