Bitcoin (BTC) has been relatively less volatile compared to the crypto market. So far Saturday, the Digital Money has lost 0.3% to $23001.8.
InvestorsObserver gives Bitcoin a low volatility rank of 9, placing it in the bottom 9% 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 is paired 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 well positioned going forward. With support set at $22585.82 and resistance around $23348.95. 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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Read More: Bitcoin (BTC) Down 0% Saturday: What’s Next?