Bitcoin Confidential receives a weak short-term technical ranking of 18 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 18% 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 $0.000009 (1377.06%) above its 30-day low of $0.000000686 while -$0.000048 (-82.66%) below its 30-day high of $0.00005841. In addition, BC’s current price of $0.000010126 is under its 30-day moving average price of $0.000014027, leading to a weak short-term technical score. Overall the recent trading history of Bitcoin Confidential suggest that investors are bearish on the coin at the moment.
Currently, volume and market capitalization data for BC are unavailable. The lack of available data is typically a sign of either a new coin or token brought to market or one with extremely low volume and value levels that it is not picked up by leading data providers. No recorded volume or market cap usually correlate with highly volatile coins that may not be the greatest investment choice for the majority of investors. However, those looking for newer cryptos may find coins such as Bitcoin Confidential extra intriguing.
Summary
BC’s recent trading over the past month give it a weak short-term technical score as its recent price movement give traders reason to be more bearish on the coin in the short-term.
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