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With An Overall “Buy” Sentiment, BTC Lays Low

By March 7, 20232 minute read

As of now, the current price of Bitcoin (BTC) is $22,842.65, with an almost 0.16% increase in the last hour. There was a 0.38% increase in its price in the last 24 hours. The 7-day Bitcoin was down by 3.98%.

Ethereum (ETH) is currently trading at $1607.91, with an almost 0.26% increase in the last hour.  There has been a 0.87% increase in its price in the last 24 hours. The 7-day ETH has been down 3.40%.

The Exponential Moving Average for 10-days indicates a “Sell,” and 200-days indicates a “Buy” at 22834.94 and 21796.16, respectively. Similarly, the Simple Moving Average for 10-days indicates a “Sell,” and 200-day SMA indicates a “Buy” at 22933.60 and 19717.18, respectively. Both moving averages indicate a mixture of “Buy” and “Sell” markets.

The Ichimoku Base Line, valued at 23323.00, continues to be neutral, whereas the Hull Moving Average indicates a “Buy” signal at 22154.14. The Volume Weighted Moving Average at 23654.41 continues to signal “Sell.”

Major market indicators point towards a “Buy” sentiment. The Relative Strength Index (14), one of the key indicators, sits at 44.64, with a neutral outlook. The Stochastic %K (14, 3, 3) and the Average Directional Index (14) is at 15.04 and 21.21, respectively, further indicating a mix of buy and neutral market.

The MACD Level (12, 26), at -87.66, indicates a “Sell.” The Stochastic RSI Fast (3, 3, 14, 14) is at 6.04 with a “Neutral” indicator, while the Williams Percent Range (14) at −88.58 signals “Buy.” 

As of 09:00 AM, 07th March 2023, on WazirX, Bitcoin’s current price is ₹19,57,030, with an almost 2.09% 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 down by 1.90%.

Ethereum (ETH) is trading at ₹1,38,496, with an increase of 0.57% in the last hour. There was an increase of 0.49% in the last 24 hours. The 7-day ETH is up by 1.24%.

The top gainers on WazirX include REN (REN), Decentraland (MANA), and PancakeSwap (CAKE), with a price increase of 13.65%, 7.75%, and 6.97%, respectively.

However, the tokens that underperformed comprised Decred (DCR), Kusama (KSM), and Spell Token (SPELL), with a price decrease of 5.5%, 5.34%, and 4.54%, respectively.

Shiba Inu (SHIB) saw a price increase of 1.32% and is now priced at ₹0.000995. Dogecoin (DOGE) saw a rise of 0.75% and is now priced at ₹6.6001.

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