Bitcoin (BTC), Low Volatility but Falling Monday: Is it Time to Cash Out?

Monday, June 05, 2023 07:43 AM | InvestorsObserver Analysts

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.

InvestorsObserver is giving Bitcoin a 16 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 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.

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.