{"id":29611,"date":"2023-05-22T10:00:00","date_gmt":"2023-05-22T04:30:00","guid":{"rendered":"https:\/\/wazirx.com\/blog\/?p=29611"},"modified":"2023-05-22T10:04:16","modified_gmt":"2023-05-22T04:34:16","slug":"bitcoin-rests-below-27000-after-a-week-of-fluctuatio","status":"publish","type":"post","link":"https:\/\/98-pre-blog.hellopye.com\/blog\/bitcoin-rests-below-27000-after-a-week-of-fluctuatio\/","title":{"rendered":"Bitcoin rests below $27000 after a week of fluctuations"},"content":{"rendered":"\n

Bitcoin\u2019s price correction prompts some bullish forecast from experts about its price breakthrough and future. Memecoins continue to generate buzz as key token prices increase.<\/p>\n\n\n\n

The market cap for stablecoins has been on a decline this year despite a steady increase in the market cap of the overall Crypto ecosystem since the beginning of 2023. <\/p>\n\n\n\n

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\"\"<\/figure>\n<\/figure>\n\n\n\n

The Exponential Moving Average for 10-day EMA indicates \u201cSell\u201d at 27033 and 200-day EMA indicates \u201cBuy\u201d at 24940. The Simple Moving Average for 10-day SMA indicates \u201cSell\u201d at 26961 and 200-day SMA indicates \u201cBuy\u201d at 22621. <\/p>\n\n\n\n

The Ichimoku Base Line, valued at 27881, continues to be neutral. The Hull Moving Average indicates \u201cSell\u201d at 26784. The Volume Weighted Moving Average indicates \u201cSell\u201d at 27610.<\/p>\n\n\n\n

Major market oscillators point to a neutral sentiment. The Relative Strength Index (14) sits at 40, with a neutral outlook. The Stochastic %K (14, 3, 3) at 35 and the Average Directional Index (14) at 25 indicate a Neutral outlook as well.<\/p>\n\n\n\n

The MACD Level (12, 26), at \u2212439, indicates \u201cSell\u201d. The Stochastic RSI Fast (3, 3, 14, 14) is \u201cNeutral\u201d at 42 and William’s Percentage is \u201cNeutral\u201d at \u221267 as well.<\/p>\n\n\n\n

As of 10:00 AM, 22nd May 2023, on WazirX, Bitcoin\u2019s price is \u20b923,49,988, with an almost 1.06% decrease in the last hour. There was a 0.73% decrease in its price in the last 24 hours. In the past 7 days, Bitcoin was down by 0.34%.<\/p>\n\n\n\n

Ethereum (ETH) is trading at \u20b91,58,200, with an increase of 1.23% in the last hour. There was an increase of 1.04% in the last 24 hours. The 7-day ETH is up by 1.12%.<\/p>\n\n\n\n

The top gainers on WazirX include NKN (NKN), Apecoin (APE), and Curve DAO Token (CRV), with a price increase of 9.99%, 6.87%, and 4.92%, respectively.<\/p>\n\n\n\n

However, the tokens that underperformed comprised Injective Protocol (INJ), Gifto (GFT), and Pepe (PEPE), with a price decrease of 13.97%, 8.86%, and 6.79%, respectively.<\/p>\n\n\n\n

Shiba Inu (SHIB) saw a price decrease of 0.13% and is now priced at \u20b90.000750. Dogecoin (DOGE) saw an increase of 1.55% and is now priced at \u20b96.35.<\/p>\n","protected":false},"excerpt":{"rendered":"

BTC settles below $27000. Market sentiment remains positive despite BTC’s 200 day moving average indicating \u2018Sell\u2019. Read more insights here!<\/p>\n","protected":false},"author":186226385,"featured_media":29614,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2579],"tags":[1398,1395,1544,1413,1434,1938,1867],"class_list":["post-29611","post","type-post","status-publish","format-standard","has-post-thumbnail","category-market-updates","tag-bitcoin","tag-crypto","tag-crypto-trading","tag-cryptocurrency","tag-ethereum","tag-meme-coin","tag-shiba-inu"],"_links":{"self":[{"href":"https:\/\/98-pre-blog.hellopye.com\/blog\/wp-json\/wp\/v2\/posts\/29611","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/98-pre-blog.hellopye.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/98-pre-blog.hellopye.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/98-pre-blog.hellopye.com\/blog\/wp-json\/wp\/v2\/users\/186226385"}],"replies":[{"embeddable":true,"href":"https:\/\/98-pre-blog.hellopye.com\/blog\/wp-json\/wp\/v2\/comments?post=29611"}],"version-history":[{"count":0,"href":"https:\/\/98-pre-blog.hellopye.com\/blog\/wp-json\/wp\/v2\/posts\/29611\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/98-pre-blog.hellopye.com\/blog\/wp-json\/wp\/v2\/media\/29614"}],"wp:attachment":[{"href":"https:\/\/98-pre-blog.hellopye.com\/blog\/wp-json\/wp\/v2\/media?parent=29611"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/98-pre-blog.hellopye.com\/blog\/wp-json\/wp\/v2\/categories?post=29611"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/98-pre-blog.hellopye.com\/blog\/wp-json\/wp\/v2\/tags?post=29611"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}