InvestorsObserver gives Bitcoin Confidential a weak long-term technical score of 6 from its research. The proprietary scoring system take into account the historical trading patterns from recent months to a year of the coin’s support and resistance levels, in addition to where it is relative to long-term averages. The analysis helps to determine whether it’s a strong buy-and-hold investment opportunity currently for traders.
BC at this time has a superior long-term technical analysis score than 6% of crytpos in circulation. The Long-Term Rank will be most relevant to buy-and-hold type investors who are looking for strong steady growth when allocating their assets. Combining a high long and short-term technical score will also help portfolio managers discover coins that have bottomed out.
Trading Analysis
The current trading price of $0.000004665 for BC is -$0.0000027 (-36.92%) below the coins 100-day moving average of $0.000007395. BC meanwhile is $0.0000035 (-910103348.41%) above its 52-week low of $0.000001209 and -$0.00013269 (-7280540.79%) under its 52-week high price of $0.000137352. Bitcoin Confidential’s current price relative to the coins long-term average and 52-week high and low, gives the crypto an average long-term technical score of 6. The price movement and range of BC suggest that investors are bearish on the coin at this time.
Bitcoin Confidential currently has a total market cap of $34,360.82 to go along with its average daily volume of $38.65 worth of the currency over the past seven days. BC’s volume is below its seven day average as of the past 24 hours, with 5.06 exchanged in that period.
Summary
BC’s historical trading over the past year gives it a a weak long-term technical score of 6 as its price movement in that time has given investors reason to be bearish on the coin in the long-term.
Click Here to get the full Report on Bitcoin Confidential (BC).
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