Bitcoin 2 (BTC2) has been relatively more volatile compared to the crypto market. So far Thursday, the Digital Money has fallen 26.21% to $0.4169030581.
InvestorsObserver is giving Bitcoin 2 a 86 Volatility Rank. Find out what this means to you and get the rest of the rankings on Bitcoin 2!
Highly Volatile
InvestorsObserver gives Bitcoin 2 a high volatility rank of 86, placing it in the top 14% of cryptos on the market.The Volatility Gauge follows this means that the rank represents its recent trends and isn't overly influenced by a sudden spike - or two - in volatility. BTC2's high volatility reading comes with a low reading on the Risk/Reward Gauge, meaning that the coin has relatively wide price swings and is well protected from price manipulation.
Bitcoin 2 price is favorably positioned going forward. With support set at $0.229502050916688 and resistance near $0.501831560174959. This positions Bitcoin 2 with room to run before facing selling pressures.