Bitcoin Plus (XBC), High Volatility and Falling Sunday: Is it Time to Cash Out?

Sunday, September 24, 2023 03:34 PM | InvestorsObserver Analysts

Bitcoin Plus (XBC) has been relatively more volatile than the crypto market according to a recent analysis of the market. So far Sunday, the Digital Money has fallen 19.44% to $1.95.

InvestorsObserver is giving Bitcoin Plus a 92 Volatility Rank. Find out what this means to you and get the rest of the rankings on Bitcoin Plus!

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Highly Volatile

InvestorsObserver gives Bitcoin Plus a high volatility rank of 92, placing it in the top 8% of cryptos on the market.

The Volatility Gauge analyzes this means that the rank represents its recent trends and isn't overly influenced by a sudden spike - or two - in volatility. XBC's high volatility reading pairs with a low reading on the Risk/Reward Gauge, meaning that the coin has relatively wide price swings and is well protected from price manipulation.

Bitcoin Plus price is favorably positioned going forward. With support set at $1.21 and resistance near $2.24. This leaves Bitcoin Plus 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.