Bitcoin (BTC) has been relatively less volatile than the crypto market according to a recent analysis of the market. So far Monday, the Digital Money has declined 1.59% to $26789.37.
Low VolatilityInvestorsObserver gives Bitcoin a low volatility rank of 16, placing it in the bottom 16% of cryptos on the market.
The Volatility Gauge follows 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 pairs 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 trading near resistance. With support set at $26423.2 and resistance near $26862. This leaves Bitcoin with potential selling pressures ahead as it may be getting over extended.