Bitcoin (BTC) Up 1.55% Friday: What’s Next?


Bitcoin (BTC) has been relatively less volatile than the crypto market according to a recent analysis of the market. So far Friday, the Digital Money has added 1.55% to $17192.5.

volatility - 11
InvestorsObserver is giving Bitcoin a 11 Volatility Rank. Find out what this means to you and get the rest of the rankings on Bitcoin!

Low Volatility

InvestorsObserver gives Bitcoin a low volatility rank of 11, placing it in the bottom 11% of cryptos on the market.

The Volatility Gauge analyzes meaning that one day won’t make or break its rank.

BTC’s low volatility reading comes 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 trading near resistance. With support near $16723.27 and resistance at $17202.41. This positions Bitcoin with potential selling pressures ahead as it may be getting over extended.

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.

Stay In The Know

Subscribe to our daily morning update newsletter and never miss out on the need-to-know market news, movements, and more.

Thank you for signing up! You’re all set to receive the Morning Update newsletter



Read More: Bitcoin (BTC) Up 1.55% Friday: What’s Next?

Subscribe
Notify of
guest
0 Comments
Inline Feedbacks
View all comments

Get more stuff like this
in your inbox

Subscribe to our mailing list and get interesting stuff and updates to your email inbox.

Thank you for subscribing.

Something went wrong.