Is BitCore (BTX) Heading the Wrong Direction Saturday?

Saturday, May 27, 2023 07:07 PM | InvestorsObserver Analysts

InvestorsObserver gives BitCore an average short-term technical score of 62 from its analysis. The proprietary scoring system considers the coin's trading history over the past month to determine the strength of its short-term technicals. BTX has currently traded better than 62% of coins based on these metrics. Investors focused on healthy recent trading patterns should find the short-term technical ranking system more relevant when making investment decisions.

InvestorsObserver is giving BitCore a 62 Short-Term Technical Rank. Find out what this means to you and get the rest of the rankings on BitCore!

Trading Analysis

BitCore is $0.010843 (38.50%) above its 30-day low of $0.028165207 while -$0.017013 (-30.37%) below its 30-day high of $0.05602144. In addition, BTX's current price of $0.039008412 is under its 30-day moving average price of $0.041059162, leading to an average short-term technical score. Overall the recent trading history of BitCore suggest that investors are neutral on the coin at the moment.
BTX has a relatively low market cap for a coin with a total market value of $706,697.30. BitCore's relatively low market value comes as it sits under $100 million while the top 100 cryptos remain above $1 billion in market cap and the top 500 sit above $100 million. BitCore's average volume meanwhile is low with $970.38 worth of the coin traded over a typical 24 hour period. BTX's volume is relatively low as the most traded 100 cryptos typically have $100 million exchanged each day and smaller cryptos tend to sit under $5 million traded over 24 hours. As of the past 24 hours, BTX's volume is below its average with $53.83 exchanged.

Summary

BTX's recent trading over the past month give it an average short-term technical score as its recent price movement give traders reason to be more neutral on the coin in the short-term. Click Here to get the full Report on BitCore (BTX).

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