Bitcoin Zero (BZX): Does it Score Poorly on Short-Term Trading Metrics Friday?

Friday, January 21, 2022 09:42 AM | InvestorsObserver Analysts

Bitcoin Zero receives a weak short-term technical score of 5 from InvestorsObserver analysis. Our proprietary scoring system considers the recent trading patterns of the coin by looking at the price movement to determine if it is trending in the right direction. BZX holds a better recent technical analysis than 5% of coins at its current price. Investors who are focused on short-term growth and looking for hot and trendy coins will find the Short-Term Rank especially relevant when allocating their assets.

InvestorsObserver is giving Bitcoin Zero a 5 Short-Term Technical Rank. Find out what this means to you and get the rest of the rankings on Bitcoin Zero!

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Trading Analysis

BZX is currently $0.000004 (0.98%) above its 30-day low of $0.000454400 and -$0.000813 (-63.92%) below its 30-day high of $0.00127173. Additionally, BZX is under its average price of $0.000910401 over the past month of trading with its current price of $0.000458838. Overall, the recent trading history of Bitcoin Zero suggest that traders are currently bearish on the coin. BZX has a low market cap compared to the majority of coins with a total market value of $13,311.24. Bitcoin Zero's relatively low market value comes as it sits under $100 million while the top 100 cryptos remain above $1 billion in market cap and the top 500 sit above $100 million. Bitcoin Zero's average volume is low as $118.82 worth of the coin is typically traded over a 24 hour period. BZX's volume is relatively low as the most traded 100 cryptos typically have $100 million exchanged each day and smaller cryptos tend to sit under $5 million traded over 24 hours. Over the past 24 hours BZX's volume is below its average with $16.69 exchanged.

Summary

Bitcoin Zero's price movement over the past month has led to a a weak short-term technical score due to recent trading giving more bearish signals for traders on the coin's short-term movement. Click Here to get the full Report on Bitcoin Zero (BZX).