Should You Buy BitCore (BTX) Tuesday?

Tuesday, May 16, 2023 08:49 AM | InvestorsObserver Analysts

InvestorsObserver gives BitCore a weak short-term technical score of 1 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 1% 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 1 Short-Term Technical Rank. Find out what this means to you and get the rest of the rankings on BitCore!

Trading Analysis

BitCore is $0.000145 (0.45%) higher than its 30-day low price of $0.032383830 while also -$0.025125 (-43.58%) lower than its high of $0.05765326 from the past month of trading. Meanwhile, BTX's current price of $0.032528560 is under its average price of $0.046016718 set over the past month of trading, leading to a weak short-term technical score. In summation, the recent trading history of BitCore suggest that traders are currently bearish on the coin.
BitCore's market cap of $589,304.81 is relatively low for a coin. 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. Meanwhile, BTX's average volume is low with $2,342,204.48 worth of the coin traded over an average 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. Over the last 24 hours, BTX's volume is below its usual with $322,759.15 exchanged.

Summary

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

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