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Bitcoin Classic (BXC) Down 0% Tuesday: What's Next?

Tuesday, November 28, 2023 09:30 AM | InvestorsObserver Analysts
Bitcoin Classic (BXC) Down 0% Tuesday: What's Next?

Bitcoin Classic (BXC) has been relatively average in terms of volatility when compared to other cryptocurrencies. So far Tuesday, the crypto has fallen 0.12% to $3769.

volatility - 59
InvestorsObserver is giving Bitcoin Classic a 59 Volatility Rank. Find out what this means to you and get the rest of the rankings on Bitcoin Classic!

Moderately Volatile

InvestorsObserver gives Bitcoin Classic a moderate volatility rank of 59, placing it in the top 41% 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. BXC's moderate volatility reading is coupled with a low reading on the Risk/Reward Gauge, meaning that the coin has moderate price swings and is well protected from price manipulation.

Bitcoin Classic price is well positioned going forward. With support at $3728.46 and resistance set at $3788.85. This leaves Bitcoin Classic with room to run before facing selling pressures.

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.

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