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 dropped 0.12% to $52232.77.
InvestorsObserver is giving Bitcoin a 18 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 18, placing it in the bottom 18% of cryptos on the market.The Volatility Gauge takes into account 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 in a favorable position going forward. With support set at $51421.17 and resistance around $52869.61. This leaves Bitcoin with room to run before facing selling pressures.