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Bitcoin (BTC) Trading Near $66k Mark; Faces Selling Pressure As Halving Nears.

By April 3, 20242 minute read

The price of Bitcoin is $65,806.21 There was a 1.77% decrease in its price in the last 24 hours. The 7-day Bitcoin is down by 6.57%.

Ethereum (ETH) is currently trading at $3,311.60. There has been a decrease of 2.02% in its price in the last 24 hours. The 7-day ETH is up by 8.51%.

The Exponential Moving Average for a 10-day EMA indicates β€œSell” at 68136, and a 200-day EMA indicates β€œBuy” at 47653. The Simple Moving Average for a 10-day SMA indicates β€œSell” at 69203, and a 200-day SMA indicates β€œBuy” at 43946.

The Ichimoku Base Line, valued at 67277, continues to be neutral. The Hull Moving Average indicates β€œSell” at 67020, and the Volume Weighted Average indicates β€œSell” at 67266. 

The Relative Strength Index (14) sits at 48, indicating β€œNeutral”. The Stochastic %K (14, 3, 3) at 54 indicates β€œNeutral,” and the Average Directional Index (14) at 22 indicates a β€œNeutral” outlook.

The MACD Level (12, 26), at 1263, indicates β€œSell”. The Stochastic RSI Fast (3, 3, 14, 14) at 26  indicates β€˜Neutral’, and William’s Percentage at -62 indicates β€˜Neutral’.

As of 01:00 PM, 03rd April 2024, on WazirX, Bitcoin’s current price is β‚Ή58,97,740. Its price has decreased by almost 0.32% in the last hour and increased by 0.07% in the last 24 hours. In the past seven days, Bitcoin has decreased by 6.15%.

Ethereum (ETH) is trading at β‚Ή2,95,999, up by 0.5% in the last hour and 0.34% in the last 24 hours. The 7-day ETH is down 8.09%.

The top gainers on WazirX include Verge (XVG), NKN (NKN), and SKALE Network (SKL), with price increases of 42.41%, 24.56%, and 15.78%, respectively.

However, the tokens that underperformed comprised Yield Guild Games (YGG), REN (REN), and pNetwork (PNT), with a price decrease of 19.85%, 13.42%, and 11.74%, respectively.

Shiba Inu (SHIB) saw a price increase of 0.78% and is now priced at β‚Ή0.002430. Dogecoin (DOGE) saw a decrease of 0.77% and is now priced at β‚Ή16.6705.

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