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Market Indicators Show An Overall Mixed Sentiment; BTC, ETH Saw Price Drop

By March 9, 20232 minute read

As of now, the current price of Bitcoin (BTC) is $22,047.73, with an almost 0.21% increase in the last hour. There was a 1.58% decrease in its price in the last 24 hours. The 7-day Bitcoin was down by 6.80%.

Ethereum (ETH) is currently trading at $1567.55, with an almost 0.09% increase in the last hour. There has been a 1.21% decrease in its price in the last 24 hours. The 7-day ETH has been down 6.66%.

The Exponential Moving Average for 10-days and 200-days indicates “Sell” at 22432.87 and 21791.85, respectively. Similarly, the Simple Moving Average for 10-days indicates a “Sell,” and 200-day SMA indicates a “Buy” at 22543.630 and 19719.64, respectively. Both moving averages show a mixture of “Buy” and “Sell” markets.

The Ichimoku Base Line, valued at 23323.00, remains neutral, whereas the Hull Moving Average indicates a “Buy” signal at 21731.62. The Volume Weighted Moving Average at 23380.36 showed a “Sell” signal.

Major market indicators point towards a “Neutral” sentiment. The Relative Strength Index (14), one of the key indicators, sits at 38.24, with a neutral outlook. The Stochastic %K (14, 3, 3) and the Average Directional Index (14) is at 6.77 and 20.11, respectively, further indicating a neutral market.

The MACD Level (12, 26), at -255.80, indicates a “Sell.” The Stochastic RSI Fast (3, 3, 14, 14) is at 1.29 with a “Neutral” indicator, while the Williams Percent Range (14) at −93.61 signals “Buy.” 

As of 09:00 AM, 09th March 2023, on WazirX, Bitcoin’s current price is ₹19,12,998, with an almost 1.43% decrease in the last hour. There was a 1.29% decrease in its price in the last 24 hours. In the past 7 days, Bitcoin was down by 4.10%.

Ethereum (ETH) is trading at ₹1,33,984, with a decrease of 2.2% in the last hour. There was a decrease of 2.54% in the last 24 hours. The 7-day ETH is up by 2.06%.

The top gainers on WazirX include Arweave (AR), Ripple (XRP), and Busd (BUSD), with a price increase of 5.11%, 3.95%, and 1.31%, respectively.

However, the tokens that underperformed comprised MyNeighborAlice(ALICE), Compound (COMP), and Synthetix Network Token (SNX), with a price decrease of 14.37%, 14.18%, and 14.06%, respectively.

Shiba Inu (SHIB) saw a price increase of 0.83% and is now priced at ₹0.000971. Dogecoin (DOGE) saw a downtrend of 2.11% and is now priced at ₹6.3500.

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