Bitcoin Token (BTCT) Rises 41.9%, Outperforms the Crypto Market Sunday

Sunday, February 13, 2022 10:20 AM | InvestorsObserver Analysts

Bitcoin Token (BTCT) has been relatively more volatile than the crypto market according to a recent analysis of the market. So far Sunday, the crypto has advanced 41.9% to $0.002982484498.

InvestorsObserver is giving Bitcoin Token a 96 Volatility Rank. Find out what this means to you and get the rest of the rankings on Bitcoin Token!

See Full Report

Highly Volatile

InvestorsObserver gives Bitcoin Token a high volatility rank of 96, placing it in the top 4% of cryptos on the market.

The Volatility Gauge analyzes this makes its score defined by recent trends, rather than a bad day. BTCT's high volatility reading comes 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 Token price is trading above resistance. With support near $0.0020797575465016 and resistance near $0.00213675635071322. This leaves Bitcoin Token out of range and potentially in a volatile position if the rally burns out.

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.