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Is Bitcoin (BTC) a Good Investment on Saturday?

Bitcoin achieves low-risk analysis based on research by InvestorsObserver. The proprietary system measures how much a coin can be manipulated by analyzing how much money it took to move its price over the past 24 hours, along with an analysis of recent changes in volume and market cap. The scale ranges from 0 to 100, with lower scores representing higher risk, while higher scores represent lower risk.

InvestorsObserver gives Bitcoin a low risk/reward score. Find out what this means for you and get the rest of the leaderboard on Bitcoin!

Trade Analysis

The risk gauge rank for BTC shows that the coin is currently a low-risk investment. Traders who focus on risk assessment will find the gauge most useful for avoiding (or adding to) risky investments. Bitcoin’s price is down 0.69% in the last 24 hours, resulting in its current value of $23,210.10. The price change comes with volume below its average level, while the coin’s market cap has increased over the same period. The market cap of the crypto is now $443,635,151,421.52 while the currency has traded $21,050,418,630.67 in the last 24 hours. The volatility of the price relative to volume changes and market cap changes give Bitcoin a low-risk analysis.

summary

BTC’s price action over the past trading day translates into a low risk rating as the recent price action relative to trading volume gives traders reason to be confident in the coin’s manipulability as of now. Click here for the full Bitcoin (BTC) report.

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