Today’s Bitcoin analysis suggests a “Buy” signal for the market.
As of now, the current price of Bitcoin (BTC) is $24,262.48, with an almost 0.43% decrease in the last hour. There was a 2.45% decrease in its price in the last 24 hours. The 7-day Bitcoin was up by 0.89%.
Ethereum (ETH) is currently trading at $1675.51, with an almost 0.42% decrease in the last hour. There has been a 1.33% decrease in its price in the last 24 hours. The 7-day ETH has been down 0.34%.
The Exponential Moving Average for 10-days indicates a “Sell,” and 200-days indicates a “Buy” at 23955.28 and 21670.50, respectively. Similarly, the Simple Moving Average for 10-days indicates a “Sell,” and 200-day SMA indicates a “Buy” at 24273.40 and 19756.62, respectively. Both moving averages indicate a mixture of “Buy” and “Sell” markets.
The Ichimoku Base Line, valued at 23323.00, remains neutral, whereas the Hull Moving Average indicates a “Sell” signal at 24029.61. The Volume Weighted Moving Average at 23369.86 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 57.07, with a neutral outlook. The Stochastic %K (14, 3, 3) and the Average Directional Index (14) is at 68.07 and 36.70, respectively, indicating a neutral market.
The MACD Level (12, 26), at 629.50, indicates a “Sell.” The Stochastic RSI Fast (3, 3, 14, 14) is at 52.23 with a “Neutral” indicator, while the Williams Percent Range (14) at −33.82 also signals “Neutral.”
As of 09:00 AM, 24th February 2023, on WazirX, Bitcoin’s current price is ₹20,73,789, with an almost 0.62% decrease in the last hour. There was a 0.97% decrease in its price in the last 24 hours. In the past 7 days, Bitcoin was up 1.80%.
Ethereum (ETH) is trading at ₹1,42,980, with an increase of 1.04% in the last hour. There was no major change in its overall price in the last 24 hours. The 7-day ETH is up by 0.76%.
The top gainers on WazirX include AMP (AMP), Nervos Network (CKB), and Cocos-BCX (COCOS), with a price increase of 31.61%, 23.64%, and 16.83%, respectively.
However, the tokens that underperformed comprised Algorand (ALGO), Neo (NEO), and Iotx (IOTX), with a price decrease of 21.35%, 9.34%, and 5.58%, respectively.
Shiba Inu (SHIB) saw a price decrease of 1.05% and is now priced at ₹0.001128. Dogecoin (DOGE) saw a dip of 0.8% and is now priced at ₹7.40.
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