Bitcoin receives a weak long-term technical score of 29 from InvestorsObserver analysis. Our proprietary scoring system considers the trading patterns over the past several months to a year by analyzing the coin's consistency, volatility, and where it is relative to long-term averages to determine whether it's a strong buy-and-hold investment opportunity. Currently, BTC holds a superior long-term technical analysis score than 29% of crytpocurrencies. Long-term investors employing a buy-and-hold strategy will find the Long-Term Rank especially relevant when allocating their assets and may find additional value finding cyptos with a high short-term technical score to discover coins that have bottomed out.
Bitcoin (BTC): How Does the Chart Look Friday?
InvestorsObserver is giving Bitcoin a 29 Long-Term Technical Rank. Find out what this means to you and get the rest of the rankings on Bitcoin!