Is Bytom (BTM) Heading the Wrong Direction Monday?

Monday, June 27, 2022 04:56 PM | InvestorsObserver Analysts

InvestorsObserver gives Bytom a strong short-term technical score of 87 from its analysis. The proprietary scoring system considers the coin's trading history over the past month to determine the strength of its short-term technicals. BTM has currently traded better than 87% of coins based on these metrics. Investors focused on healthy recent trading patterns should find the short-term technical ranking system more relevant when making investment decisions.

InvestorsObserver is giving Bytom a 87 Short-Term Technical Rank. Find out what this means to you and get the rest of the rankings on Bytom!

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Trading Analysis

BTM is currently $0.003855 (44.37%) above its 30-day low of $0.008688756 and -$0.005097 (-28.89%) below its 30-day high of $0.01764126. Additionally, BTM is above its average price of $0.010839715 over the past month of trading with its current price of $0.012544138. Overall, the recent trading history of Bytom suggest that traders are currently bullish on the coin. BTM has a average market cap compared to the majority of coins with a total market value of $19,533,569.90. The market valuation for Bytom is relatively average due to the largest 100 cryptos having a market cap above $1 billion and BTM sits underneath that mark but remains above $100 million in market capilization. Bytom's average volume is average as $16,865,740.26 worth of the coin is typically traded over a 24 hour period. The volume for BTM is relatively average as the most traded 100 cryptos have roughly $100 million worth of the crypto exchanged over a 24 hour period and a large portion of the market trades at least $5 million worth each day. Over the past 24 hours BTM's volume is below its average with $7,202,850.48 exchanged.

Summary

Bytom's trading over the past 30 days leads to its a strong short-term technical score due to recent price movement suggesting more bullish signals for traders on the coin in the near future. Click Here to get the full Report on Bytom (BTM).