Bitcoin (BTC) has been relatively less volatile than the crypto market according to a recent analysis of the market. So far Friday, the Digital Money has dropped 0.12% to $52232.77.
InvestorsObserver is giving Bitcoin a 18 Volatility Rank. Find out what this means to you and get the rest of the rankings on Bitcoin!
The Volatility Gauge takes into account meaning that one day won’t make or break its rank.
BTC’s low volatility reading comes with a low reading on the Risk/Reward Gauge, meaning that the coin has relatively narrow price swings and is well protected from price manipulation.
Bitcoin price is in a favorable position going forward. With support set at $51421.17 and resistance around $52869.61. This leaves Bitcoin with room to run before facing selling pressures.