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Bitcoin BEP2 (BTCB) Down 0.03% Saturday: What's Next?

Saturday, January 01, 2022 06:18 AM | InvestorsObserver Analysts
Bitcoin BEP2 (BTCB) Down 0.03% Saturday: What's Next?

Bitcoin BEP2 (BTCB) has been relatively less volatile than the crypto market according to a recent analysis of the market. So far Saturday, the crypto has dropped 2.55% to $46880.26.

volatility - 7
InvestorsObserver is giving Bitcoin BEP2 a 7 Volatility Rank. Find out what this means to you and get the rest of the rankings on Bitcoin BEP2!

Low Volatility

InvestorsObserver gives Bitcoin BEP2 a low volatility rank of 7, placing it in the bottom 7% of cryptos on the market.

The Volatility Gauge tracks this makes its score defined by recent trends, rather than a bad day. BTCB's low volatility reading is coupled with a low reading on the Risk/Reward Gauge, meaning that the token has relatively narrow price swings and is well protected from price manipulation.

Bitcoin BEP2 price is trading near resistance. With support set at $45026.69 and resistance set at $47398.63. This leaves Bitcoin BEP2 with potential selling pressures ahead as it may be getting over extended.

What is a Token?

Tokens are digital assets that exist on another cryptocurrency's blockchain.

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