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Should You Sell Bitcoin (BTC) Sunday?

Sunday, December 19, 2021 07:33 AM | InvestorsObserver Analysts
Should You Sell Bitcoin (BTC) Sunday?

InvestorsObserver gives Bitcoin a strong long-term technical score of 67 from its research. The proprietary scoring system take into account the historical trading patterns from recent months to a year of the coin's support and resistance levels, in addition to where it is relative to long-term averages. The analysis helps to determine whether it's a strong buy-and-hold investment opportunity currently for traders. BTC at this time has a superior long-term technical analysis score than 67% of crytpos in circulation. The Long-Term Rank will be most relevant to buy-and-hold type investors who are looking for strong steady growth when allocating their assets. Combining a high long and short-term technical score will also help portfolio managers discover coins that have bottomed out.

Long-Term Technical - 67
InvestorsObserver is giving Bitcoin a 67 Long-Term Technical Rank. Find out what this means to you and get the rest of the rankings on Bitcoin!

Trading Analysis

The current trading price of $47,115.560000000 for BTC is -$7,283.0200000 (-13.39%) below the coins 100-day moving average of $54,398.580000000.BTC meanwhile is $24,956.1900000 (212.57%) above its 52-week low of $22,159.370000000 and -$21,674.07000000 (68.48%) under its 52-week high price of $68,789.630000000. Bitcoin's current price relative to the coins long-term average and 52-week high and low, gives the crypto a strong long-term technical score of 67. The price movement and range of BTC suggest that investors are neutral on the coin at this time. Bitcoin has a market capitalization of $890,719,300,690.53 and a relatively high average daily volume with $303,538,210,663.46 worth of the currency traded over the typical 24 hour period. Over the last 24 hours, BTC's volume is below its seven day average with 24,701,002,652.48 exchanged. This coin's subclass Digital Money: Digital Money is an asset, commodity, or currency intended to maintain value and liquidity over time so that it may be used the same way fiat currencies are used.

Summary

BTC's historical trading over the past year gives it a a strong long-term technical score of 67 as its price movement in that time has given investors reason to be neutral on the coin in the long-term. Click Here to get the full Report on Bitcoin (BTC).

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