Should You Buy Bitcoin Confidential (BC) Sunday?
Bitcoin Confidential receives a weak short-term technical rating of 18 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 18% 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 $0.000009 (1377.06%) above the 30 day low of $0.000000686 while -$0.000048 (-82.66%) below the 30 day high of $0.00005841. Additionally, BC’s current price of $0.000010126 is below 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 suggests that investors are bearish on the coin at the moment. Currently, volume and market value data for BC is unavailable. The lack of available data is typically a sign of either a new coin or token being brought to market or one with extremely low volume and value levels that is not being picked up by leading data providers. No recorded volume or market capitalization usually correlates with highly volatile coins that may not be the best investment choice for most investors. However, those looking for newer cryptos may find coins like Bitcoin Confidential extra exciting.
Summary
BC’s recent trade over the past month gives it a weak short-term technical score as the recent price movement gives traders reason to be more bearish on the coin in the near term. Click here for the full report on Bitcoin Confidential (BC).
