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Bitcoin 2 (BTC2) Up 61.56% Friday: What's Next?

Friday, August 05, 2022 07:34 AM | InvestorsObserver Analysts
Bitcoin 2 (BTC2) Up 61.56% Friday: What's Next?

Bitcoin 2 (BTC2) has been relatively more volatile when compared to other cryptocurrencies. So far Friday, the Digital Money has advanced 61.56% to $0.4740571085.

volatility - 76
InvestorsObserver is giving Bitcoin 2 a 76 Volatility Rank. Find out what this means to you and get the rest of the rankings on Bitcoin 2!

Highly Volatile

InvestorsObserver gives Bitcoin 2 a high volatility rank of 76, placing it in the top 24% of cryptos on the market.

The Volatility Gauge tracks this makes its score defined by recent trends, rather than a bad day. BTC2's high volatility reading is paired 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 trading above resistance. With support near $0.228736739002691 and resistance at $0.420718650661932. This positions Bitcoin 2 out of range and potentially in a volatile position if the rally burns out.

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.

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