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

Sunday, February 05, 2023 05:37 PM | InvestorsObserver Analysts

Bitcoin 2 (BTC2) has been relatively more volatile compared to the crypto market. So far Sunday, the Digital Money has lost 29.34% to $0.4010962187.

InvestorsObserver is giving Bitcoin 2 a 96 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 96, placing it in the top 4% of cryptos on the market.

The Volatility Gauge takes into account this means that the rank represents its recent trends and isn't overly influenced by a sudden spike - or two - in volatility. BTC2's high volatility reading comes 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 $0.334411610625651 and resistance set at $0.476934720538524. 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.