Bitcoin Atom (BCA) Down 0.34% Thursday: What's Next?

Thursday, January 13, 2022 06:31 PM | InvestorsObserver Analysts

Bitcoin Atom (BCA) has been relatively more volatile than the crypto market according to a recent analysis of the market. So far Thursday, the crypto has declined 34.34% to $0.05630494287.

InvestorsObserver is giving Bitcoin Atom a 94 Volatility Rank. Find out what this means to you and get the rest of the rankings on Bitcoin Atom!

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Highly Volatile

InvestorsObserver gives Bitcoin Atom a high volatility rank of 94, placing it in the top 6% of cryptos on the market.

The Volatility Gauge takes into account this makes its score defined by recent trends, rather than a bad day. BCA'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 Atom price is favorably positioned going forward. With support set at $0.0393124674246753 and resistance around $0.0651654754565204. This positions Bitcoin Atom 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.