Bitcoin (BTC) has been relatively less volatile than the crypto market according to a recent analysis of the market. So far Saturday, the Digital Money has declined 0.08% to $26971.38.
InvestorsObserver gives Bitcoin a low volatility rank of 19, placing it in the bottom 19% of cryptos on the market.
The Volatility Gauge analyzes this means that the rank represents its recent trends and isn’t overly influenced by a sudden spike – or two – in volatility.
BTC’s low volatility reading is coupled with a low reading on the Risk/Reward Gauge, meaning that the coin has relatively narrow price swings and is well protected from price manipulation.
Bitcoin price is favorably positioned going forward. With support at $26705.74 and resistance near $27209.92. This leaves Bitcoin with room to run before facing selling pressures.
What is a Coin?
A coin is a cryptocurrency that exists on its own blockchain. these are typically used for payments. Depending on the cryptocurrency, what those payments are used for may vary from general use in the Digital Money sub-class to more specific uses in some other sub-classes.
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