What does the chart look like on Sunday?
Bitcoin Confidential receives a strong short-term technical rating of 91 from InvestorsObserver data analysis. The proprietary rating system focuses on recent trading patterns over the past month to determine the strength of its short-term technical characteristics. BC has a superior fresh technical analysis than 91% of coins based on these trading metrics. Investors who primarily focus on short-term investment strategies will find this technical analysis most relevant to their goals when deciding whether to invest in a particular crypto.
Trade analysis
Bitcoin Confidential is $0.000010 (582.00%) above the 30 day low of $0.000001705 while -$0.000013 (-52.12%) below the 30 day high of $0.00002429. Additionally, 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 suggests 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 cap comes as it is under $100 million, while the top 100 cryptos remain over $1 billion in market cap and the top 500 are over $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 top 100 cryptos typically have $100 million traded each day and smaller cryptos tend to sit below $5 million traded over 24 hours. In the last 24 hours, BC’s volume is below normal with $7.01 traded.
Summary
Bitcoin Confidential’s trading over the past 30 days leads to a strong short-term technical score due to recent price movements that suggest more bullish signals for traders on the coin in the near future. Click here for the full report on Bitcoin Confidential (BC).
