Bitcoin (BTC) has been relatively less volatile than the crypto market according to a recent analysis of the market. So far Thursday, the Digital Money has advanced 3.4% to $71388.81.
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 follows this makes its score defined by recent trends, rather than a bad day. 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 trading above resistance. With support at $67706.33 and resistance set at $71052.08. This leaves Bitcoin out of range and potentially in a volatile position if the rally burns out.