Bitcoin 2 (BTC2) Up 27.71% Monday: What’s Next?
Bitcoin 2 (BTC2) has been relatively more volatile compared to the crypto market. So far Monday, the Digital Money has increased 27.71% to $0.4336410021.
InvestorsObserver gives Bitcoin 2 a high volatility rank of 88, placing it in the top 12% of cryptos on the market.
The Volatility Gauge follows meaning that one day won’t make or break its rank.
BTC2’s high volatility reading is paired 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 2 price is trading above resistance. With support near $0.317160754910949 and resistance set at $0.380362599603179. This positions Bitcoin 2 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.
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Read More: Bitcoin 2 (BTC2) Up 27.71% Monday: What’s Next?
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