Bitcoin Plus (XBC) has been relatively more volatile compared to the cryptocurrency market. So far on Monday, the digital money has fallen 17.57% to $1.7.
Highly volatile
InvestorsObserver gives Bitcoin Plus a high volatility rank of 92, putting it in the top 8% of cryptocurrencies on the market.
Below is the volatility indicator, which means that one day it will not define your volatility range, but a trend. XBC's high volatility reading is combined with a low reading on the risk/reward indicator, meaning the coin has relatively wide price swings and is well protected against price manipulation.
Bitcoin Plus price is well positioned for the future. With support set at $1.08 and resistance at $1.94. This positions Bitcoin Plus 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 normally used for payments. Depending on the cryptocurrency, the use of those payments can vary from general use in the Digital Money subclass to more specific uses in some other subclasses.
