Bitcoin BEP2 (BTCB) Up 0.56% Thursday: What's Next?

Thursday, March 28, 2024 06:51 AM | InvestorsObserver Analysts

Bitcoin BEP2 (BTCB) has been relatively less volatile compared to the crypto market. So far Thursday, the crypto has increased 0.56% to $70444.38.

InvestorsObserver is giving Bitcoin BEP2 a 15 Volatility Rank. Find out what this means to you and get the rest of the rankings on Bitcoin BEP2!

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Low Volatility

InvestorsObserver gives Bitcoin BEP2 a low volatility rank of 15, placing it in the bottom 15% of cryptos on the market.

The Volatility Gauge takes into account 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 favorably positioned going forward. With support around $68584.17 and resistance near $71507.84. This leaves Bitcoin BEP2 with room to run before facing selling pressures.