Bitcoin (BTC) Falls 0%, Underperforms the Crypto Market Sunday

Sunday, June 25, 2023 10:45 AM | InvestorsObserver Analysts

Bitcoin (BTC) has been relatively less volatile when compared to other cryptocurrencies. So far Sunday, the Digital Money has lost 0.05% to $30707.29.

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 analyzes which means that one day won't define its volatility rank - a trend will. BTC's low volatility reading is coupled 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 good position going forward. With support at $30386.68 and resistance near $30900.68. 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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