Bitcoin Confidential receives a strong short-term technical ranking of 91 from InvestorsObserver data analysis. The proprietary ranking system focuses on the recent trading patters over the past month to determine the strength of its short-term technicals. BC has a superior recent technical analysis than 91% of coins based on these trading metrics. Investors primarily focused on shorter term investment strategies will find this technical analysis most relevant to their goals when determining whether to invest in a particular crypto.
Trading Analysis
Bitcoin Confidential is $0.000010 (582.00%) above its 30-day low of $0.000001705 while -$0.000013 (-52.12%) below its 30-day high of $0.00002429. In addition, BC’s current price of $0.000011629 is above its 30-day moving average price of $0.000011347, leading to a strong short-term technical score. Overall the recent trading history of Bitcoin Confidential suggest that investors are bullish on the coin at the moment.
Bitcoin Confidential’s market cap of $85,659.30 is relatively low for a coin. Bitcoin Confidential’s relatively low market value comes as it sits under $100 million while the top 100 cryptos remain above $1 billion in market cap and the top 500 sit above $100 million. Meanwhile, BC’s average volume is low with $53.40 worth of the coin traded over an average 24 hour period. BC’s volume is relatively low as the most traded 100 cryptos typically have $100 million exchanged each day and smaller cryptos tend to sit under $5 million traded over 24 hours. Over the last 24 hours, BC’s volume is below its usual with $7.01 exchanged.
Summary
Bitcoin Confidential’s trading over the past 30 days leads to its a strong short-term technical score due to recent price movement suggesting more bullish signals for traders on the coin in the near future.
Click Here to get the full Report on Bitcoin Confidential (BC).
