Bitcoin (BTC) Down 0.02% Saturday: What's Next?

Saturday, April 30, 2022 11:08 AM | InvestorsObserver Analysts

Bitcoin (BTC) has been relatively less volatile compared to the crypto market. So far Saturday, the Digital Money has fallen 1.74% to $38252.49.

InvestorsObserver is giving Bitcoin a 10 Volatility Rank. Find out what this means to you and get the rest of the rankings on Bitcoin!

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Low Volatility

InvestorsObserver gives Bitcoin a low volatility rank of 10, placing it in the bottom 10% of cryptos on the market.

The Volatility Gauge tracks this means that the rank represents its recent trends and isn't overly influenced by a sudden spike - or two - in volatility. BTC's low volatility reading comes with a low reading on the Risk/Reward Gauge, meaning that the coin has relatively narrow price swings and is well protected from price manipulation.

Bitcoin price is in a favorable position going forward. With support near $37260.12 and resistance at $38911.85. This positions Bitcoin 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.