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With Major Market Indicators Showing A “Buy” Sentiment, BTC Is Trading Around $28k

By April 24, 20232 minute read

As of now, the current price of Bitcoin (BTC) is $27,739.07, with an almost 0.05% decrease in the last hour. There was an increase of 0.46% in its price in the last 24 hours. The 7-day Bitcoin was down by 7.60%.

Ethereum (ETH) is currently trading at $1,867.37, with an almost 0.19% decrease in the last hour. There has been a 0.40% increase in its price in the last 24 hours. The 7-day ETH has been down by 11.11%.

The Exponential Moving Average for 10-days and 200-days indicates a combination of “Sell” and “Buy” at 28407 and 23999, respectively. Similarly, the Simple Moving Average for 10-days and 200-day SMA indicates a “Sell” and “Buy” at 28795 and 21470, respectively. Both moving averages strongly show a mixture of “Sell” and “Buy” markets.

The Ichimoku Base Line, valued at 29086, remains neutral, whereas the Hull Moving Average indicates a “Buy” signal at 27076. The Volume Weighted Moving Average at 29151 showed a “Sell” signal.

Major market indicators point towards a “Buy” sentiment. The Relative Strength Index (14), one of the key indicators, sits at 45, with a neutral outlook. The Stochastic %K (14, 3, 3) and the Average Directional Index (14) is at 15 and 29, respectively, further indicating a “Buy” and “Neutral” market.

The MACD Level (12, 26) at 126 indicates a “Sell.” The Stochastic RSI Fast (3, 3, 14, 14) is at 12 with a “Neutral” indicator, while the Williams Percent Range (14) at −85 signals “Buy.”

As of 9:00 AM, 24th April 2023, on WazirX, Bitcoin’s current price is ₹24,75,842, with an almost 1.2% increase in the last hour. There was a 1.9% increase in its price in the last 24 hours. In the past 7 days, Bitcoin was down by 0.40%.

Ethereum (ETH) is trading at ₹1,69,000, with an increase of 1.78% in the last hour. There was a decrease of 0.12% in the last 24 hours. The 7-day ETH is down by 0.26%.

The top gainers on WazirX include Cream Finance(CREAM), VITE (VITE), and The Graph (GRT), with a price increase of 11.21%, 17.03%, and 5.69%, respectively.

However, the tokens that underperformed comprised Blur (BLUR), dYdX (DYDX), and Frontier (FRONT), with a price decrease of 7.88%, 7.86%, and 7.51%, respectively.

Shiba Inu (SHIB) saw a price decrease of 1.06% and is now priced at ₹0.000929. Dogecoin (DOGE) saw an increase of 0.4% and is now priced at ₹7.1992.

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