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Bitcoin (BTC) Falls 4.49% Tuesday: What's Next for This Very Bearish Rated Crypto?

Tuesday, April 02, 2024 06:32 AM | InvestorsObserver Analysts
Bitcoin (BTC) Falls 4.49% Tuesday: What's Next for This Very Bearish Rated Crypto?

Bitcoin (BTC) gets a very bearish rating from InvestorsObserver Tuesday. The crypto is down 4.49% to $66249.53 while the broader crypto market is down 4.22%.

Sentiment Score - ,
Bitcoin has a Very Bearish sentiment reading. Find out what this means for you and get the rest of the rankings on Bitcoin!

Very Bearish

Over the last five days, Bitcoin has earned a Very Bearish rating on the InvestorsObserver Sentiment Score. The Sentiment Score measures the performance of Bitcoin over the past five days by volume and price movement.

The Sentiment Score provides a quick, short-term look at the crypto’s recent performance. This can be useful for both short-term investors looking to ride a rally and longer-term investors trying to buy the dip.

Price Levels

Bitcoin is currently trading near its five-day low of $65843.1420606555. The crypto is 7.64% off its five-day high and is 0.62% higher than its five-day low of $65843.14.

Bitcoin price is currently below support. With support set around $67871.08 and resistance at $71102.48, Bitcoin is potentially in volatile territory as selling pushes the crypto's price below recent support.

Bitcoin has traded on low volume recently. This means that today's volume is below its average volume over the past seven days.

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 use for may vary from general use in the Digital Money sub-class to a more specific use in some other sub-classes.

Due to a lack of data, this crypto may be less suitable for some investors.

Click here to unlock the rest of the report on Bitcoin

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