Bitcoin Confidential receives a weak long-term technical score of 19 from InvestorsObserver‘s research based on historical trading patterns. The proprietary scoring system weighs price movement from recent months to a year, analyzes the coin’s support and resistance levels, and where it is relative to long-term averages to determine whether it’s a strong buy-and-hold investment opportunity.
BC currently holds a superior long-term technical analysis score than 19% of cryptos in circulation. This ranking metric is most useful to buy-and-hold type investors looking for strong steady growth when allocating their assets. coins with a high long and short-term technical score can help indicate assets that have bottomed out, providing investors a chance to ‘buy the dip’.
Trading Analysis
BC is currently $0.0000058 (64.04%) above its 100-day moving average price of $0.000009005 with its current price of $0.000014772. Meanwhile, Bitcoin Confidential is $0.0000136 (-910102512.14%) above its 52-week low price of $0.000001209 and -$0.00312086 (-318914.24%) below its 52-week high of $0.003135635. The current price relative to its moving average and 52-week high and low leads to an average long-term technical score of 19. Trends for the long-term trading history of Bitcoin Confidential suggest that traders are currently bearish on the coin.
Bitcoin Confidential has a total market value of $108,812.47 with an low average daily volume of $20.04 worth of the currency exchanged over a typical 24 hour period. As of the past 24 hours, BC’s volume is below its average with $2.69 exchanged in total.
Summary
Trading patterns over the last year for Bitcoin Confidential leads to the coin’s a weak long-term technical score of 19 as its consistency, volatility, and relation to long-term averages has given investors reason to be bearish on the coin.
Click Here to get the full Report on Bitcoin Confidential (BC).
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