Should You Buy Bitcoin (BTC) Friday?

Should You Buy Bitcoin (BTC) Friday?

  • Bitcoin
  • December 30, 2022
  • No Comment
  • 11

Bitcoin receives a low risk rating from InvestorsObserver analysis. The proprietary scoring system analyzes how much money was required to move the price over the past 24 hours. The metric looks at recent changes in volume and market cap to evaluate how much a coin can be manipulated by limited trading. The score ranges from 0 to 100, with low scores representing high risk and high values equating to low risk.

Risk/Reward Score - Low
InvestorsObserver is giving Bitcoin a low Risk/Reward Score. Find out what this means to you and get the rest of the rankings on Bitcoin!

Trading Analysis

The risk gauge rank for BTC shows the coin is currently a low risk investment. Traders focused on risk assessment will find the gauge most useful for avoiding (or adding) risky investments.

BTC has traded -0.45% lower over the past 24 hours to its current price of $16,547.17. This shift has occurred while volume is below its average level and the coin’s market capitalization has fallen. The cryptocurrency now has a market capitalization of $318,489,987,604.47 while $15,258,434,097.25 worth of the coin has traded over the last 24 hours. The price change in relation to the degree of volume and market cap changes gives Bitcoin a low risk rating.

Summary

The price volatility of BTC over the last 24 hours results in a low risk analysis due to its price volatility in combination with changes in trading volume, giving investors a reason to be confident on the coin’s manipulability as of now.

Click Here to get the full Report on Bitcoin (BTC).

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

Source link

Related post

Bitcoin pro traders warm up the $24K level, suggesting that the current BTC rally has legs

Bitcoin pro traders warm up the $24K level, suggesting…

On Feb. 1 and Feb 2. Bitcoin’s (BTC) price surpassed even the most bullish price projections after the U.S. Federal Reserve…
Troubled Crypto Miners Get Breathing Room as Bitcoin Rebounds

Troubled Crypto Miners Get Breathing Room as Bitcoin Rebounds

(Bloomberg) — Rising Bitcoin prices are buying some time for distressed crypto miners as they renegotiate debt with lenders to stay…
Financial Accounting Standards Board votes to release draft cryptocurrency in March

Financial Accounting Standards Board votes to release draft cryptocurrency…

The Financial Accounting Standards Board, in its Feb. 1 meeting, voted to advance its first standard on cryptocurrencies and digital assets.…

Leave a Reply

Your email address will not be published.