Bitcoin (BTC) has been relatively less volatile compared to the crypto market. So far Monday, the Digital Money has advanced 0.05% to $23507.45.
InvestorsObserver is giving Bitcoin a 10 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 10, placing it in the bottom 10% of cryptos on the market.The Volatility Gauge follows this makes its score defined by recent trends, rather than a bad day. 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 good position going forward. With support at $23181.76 and resistance set at $23833.77. This leaves Bitcoin with room to run before facing selling pressures.