Enquires@newsofbitcoin.com
Bitcoin BEP2 receives an average long-term technical score of 35 from InvestorsObserver analysis. Our proprietary scoring system considers the trading patterns over the past several months to a year by analyzing the token’s consistency, volatility, and where it is relative to long-term averages to determine whether it’s a strong buy-and-hold investment opportunity.
Currently, BTCB holds a superior long-term technical analysis score than 35% of crytpocurrencies. Long-term investors employing a buy-and-hold strategy will find the Long-Term Rank especially relevant when allocating their assets and may find additional value finding cyptos with a high short-term technical score to discover tokens that have bottomed out.
InvestorsObserver is giving Bitcoin BEP2 a 35 Long-Term Technical Rank. Find out what this means to you and get the rest of the rankings on Bitcoin BEP2!
Trading Analysis
The current trading price of $21,269.520000000 for BTCB is -$10,280.2000000 (-32.58%) below the tokens 100-day moving average of $31,549.720000000. BTCB meanwhile is $3,563.0600000 (120.06%) above its 52-week low of $17,706.470000000 and -$47,854.16000000 (30.76%) under its 52-week high price of $69,123.690000000. Bitcoin BEP2’s current price relative to the tokens long-term average and 52-week high and low, gives the crypto an average long-term technical score of 35. The price movement and range of BTCB suggest that investors are bearish on the token at this time.
Bitcoin BEP2 has a total market value of $2,237,050,355.39 with an high average daily volume of $113,623,504.00 worth of the currency exchanged over a typical 24 hour period. As of the past 24 hours, BTCB’s volume is below its average with $7,726,645.02 exchanged in total.
Summary
Technical analysis of Bitcoin BEP2 over the past year results in the crypto receiving a an average long-term technical score of 35 as its price movement in that time has given traders reason to be bearish on the token in the long-term.
Stay In The Know
Subscribe to our daily morning update newsletter and never miss out on the need-to-know market news, movements, and more.
Thank you for signing up! You’re all set to receive the Morning Update newsletter
Read More: Is Bitcoin BEP2 (BTCB) Trending Lower or Higher Sunday?
Disclaimer:The information provided on this website does not constitute investment advice, financial advice, trading advice, or any other sort of advice and you should not treat any of the website’s content as such. NewsOfBitcoin.com does not recommend that any cryptocurrency should be bought, sold, or held by you. Do conduct your own due diligence and consult your financial advisor before making any investment decisions.
