Bitcoin Confidential (BC) has been relatively more volatile than the crypto market according to a recent analysis of the market. So far Thursday, the crypto has dropped 18.74% to $0.000001686804971.
Highly Volatile
InvestorsObserver gives Bitcoin Confidential a high volatility rank of 83, placing it in the top 17% of cryptos on the market.
The Volatility Gauge follows this makes its score defined by recent trends, rather than a bad day.
BC's high volatility reading is coupled with a low reading on the Risk/Reward Gauge, meaning that the coin has relatively wide price swings and is well protected from price manipulation.
Bitcoin Confidential price is in a good position going forward. With support at $0.00000137522732043487 and resistance near $0.00000186844334134854. This positions Bitcoin Confidential with room to run before facing selling pressures.
What is a Coin?
A coin is a cryptocurrency that exists on its own blockchain. these are typically used for payments. Depending on the cryptocurrency, what those payments are used for may vary from general use in the Digital Money sub-class to more specific uses in some other sub-classes.
