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Bitcoin BEP2 (BTCB) Falls 0.01%, Outperforms the Crypto Market Monday

Monday, August 15, 2022 06:07 PM | InvestorsObserver Analysts
Bitcoin BEP2 (BTCB) Falls 0.01%, Outperforms the Crypto Market Monday

Bitcoin BEP2 (BTCB) has been relatively less volatile than the crypto market according to a recent analysis of the market. So far Monday, the crypto has dropped 1.07% to $24093.11.

volatility - 14
InvestorsObserver is giving Bitcoin BEP2 a 14 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 14, placing it in the bottom 14% of cryptos on the market.

The Volatility Gauge follows which means that one day won't define its volatility rank - a trend will. 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 favorably positioned going forward. With support set at $23760.18 and resistance at $24397.62. This positions Bitcoin BEP2 with room to run before facing selling pressures.

What is a Token?

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

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