Bitcoin 2 (BTC2), High Volatility and Falling Monday: Is it Time to Cash Out?

Monday, September 26, 2022 07:38 AM | InvestorsObserver Analysts

Bitcoin 2 (BTC2) has been relatively more volatile compared to the crypto market. So far Monday, the Digital Money has dropped 38.97% to $0.6666667033.

InvestorsObserver is giving Bitcoin 2 a 77 Volatility Rank. Find out what this means to you and get the rest of the rankings on Bitcoin 2!

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Highly Volatile

InvestorsObserver gives Bitcoin 2 a high volatility rank of 77, placing it in the top 23% of cryptos on the market.

The Volatility Gauge follows which means that one day won't define its volatility rank - a trend will. BTC2's high volatility reading pairs with a low reading on the Risk/Reward Gauge, meaning that the coin has relatively wide price swings and is well protected from price manipulation.

Bitcoin 2 price is favorably positioned going forward. With support near $0.42394804470977 and resistance around $0.84709417336425. This leaves Bitcoin 2 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.