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Bitcoin Diamond (BCD), Moderate Volatility and Rising Friday: Is it Time to Cash Out?

Friday, April 01, 2022 03:33 PM | InvestorsObserver Analysts
Bitcoin Diamond (BCD), Moderate Volatility and Rising Friday: Is it Time to Cash Out?

Bitcoin Diamond (BCD) has been relatively average in terms of volatility when compared to other cryptocurrencies. So far Friday, the Digital Money has gained 1.12% to $0.5843995721.

volatility - 38
InvestorsObserver is giving Bitcoin Diamond a 38 Volatility Rank. Find out what this means to you and get the rest of the rankings on Bitcoin Diamond!

Moderately Volatile

InvestorsObserver gives Bitcoin Diamond a moderate volatility rank of 38, placing it in the bottom 38% of cryptos on the market.

The Volatility Gauge takes into account which means that one day won't define its volatility rank - a trend will. BCD'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 Diamond price is favorably positioned going forward. With support near $0.552109087388696 and resistance at $0.623077834527673. This leaves Bitcoin Diamond 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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