NDTV·3 min read

Stock Market LIVE Updates, Sensex Today: Markets Likely To Open In Red As Oil Prices Rise

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Prateek Shukla
Stock Market LIVE Updates, Sensex Today: Markets Likely To Open In Red As Oil Prices Rise
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Stock Market Live Updates: Indian equity benchmarks are likely to open in red on Thursday.

Harish Vatnani, Head of Trade, Zebpay "Bitcoin's rally continues to hold up, with the asset now nearly 50% above its June low and up more than 10% over the past week. One of the stronger signals behind the move is the amount of BTC that remains dormant - around 81% of the circulating supply has not moved in at least six months. Long-term holders have also accumulated more than 3 million BTC since 2020, despite significant selling from some early holders.

Momentum remains positive, although it has cooled slightly. Bitcoin's daily RSI is at 65.31, still above the 50 mark that indicates gains are outweighing losses, but below the 70 level reached earlier in the rally. This suggests momentum remains strong without yet showing the same level of overheating.

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