Bitcoin (BTC) has been relatively less volatile than the crypto market according to a recent analysis of the market. So far Tuesday, the Digital Money has lost 0.36% to $28097.2.
InvestorsObserver is giving Bitcoin a 14 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 14, placing it in the bottom 14% of cryptos on the market.The Volatility Gauge takes into account this makes its score defined by recent trends, rather than a bad day. 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 near $27316.95 and resistance at $28601.8. This positions Bitcoin with room to run before facing selling pressures.