Bitcoin Token is a digital cryptocurrency that was created in 2017 and has since grown in popularity. Bitcoin Token (BTCT) is ranked 39 on the average short-term technical ranking, which means it is not yet considered a volatile cryptocurrency.
InvestorsObserver data analysis gives Bitcoin Token an average short-term technical ranking of 39. The technicals, which measure how sentiment influences price, are strong predictors of shorter-term movements in a stock’s price.
Our proprietary ranking system uses the most recent trading patterns from the past month to determine the strength of its short-term technicals. These trading metrics indicate that BTCT has a better recent technical analysis than 39% of coins. Investors more focused on short-term investment strategies will find this technical analysis most relevant to their goals when deciding whether or not to invest in a particular cryptocurrency.
Trading Analysis
This year’s 30-day low for BTCT is $0.0013312632 and its 30-day high is $0.03936046. BTCT is currently $0.000007 (0.54%) above this year’s 30-day low.
Furthermore, BTCT is currently trading under its average price of $0.002277842 over the past month of trading at $0.001319754. Overall, traders are neutral on Bitcoin Token based on its recent trading history.
The market cap of BTCT is low compared to the majority of coins, at $18,199.99.
Due to its relatively low market cap, Bitcoin Token sits under $100 million while the top 100 cryptos are above $1 billion and the top 500 are above $100 million.
In a 24-hour period, Bitcoin Token typically trades for $15.89 worth of the coin.
BTCT’s volume is low as the most actively traded 100 cryptocurrencies typically exchange $100 million per day, and smaller cryptos tend to trade for less than $5 million per day.
BTCT’s volume was $2.15 below its average for the past 24 hours.
Summary
With BTCT’s recent price movement, traders have reason to be less enthusiastic about the coin in the short term as a result of its recent trading over the past month.
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Author
Chris Munch is a professional cryptocurrency and blockchain writer with a background in software businesses, and has been involved in marketing within the cryptocurrency space. With a passion for innovation, Chris brings a unique and insightful perspective to the world of crypto and blockchain. Chris has a deep understanding of the economic, psychological, marketing and financial forces that drive the crypto market, and has made a number of accurate calls of major shifts in market trends. He is constantly researching and studying the latest trends and technologies, ensuring that he is always up-to-date on the latest developments in the industry. Chris’ writing is characterized by his ability to explain complex concepts in a clear and concise manner, making it accessible to a wide audience of readers.
