Bitcoin (BTC) gets a neutral rating from InvestorsObserver Sunday. The coin is up 4.1% to $49250.44 while the broader crypto market is up 5.17%.
Bitcoin has a Neutral sentiment reading. Find out what this means for you and get the rest of the rankings on Bitcoin!
Over the last five days, Bitcoin has earned a Neutral 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.
Bitcoin price is comfortably positioned between support and resistance. With support set around $42156.01 and resistance at $53186.08, has some room to run before facing resistance.
Bitcoin has traded on low volume recently. This means that today's volume is below its average volume over the past seven days.
Bitcoin has maintained a low reading on the InvestorsObserver Volatility Rank as it has faced low volatility relative to the crypto market during the past 60 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.
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