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Is Bitcoin (BTC) Heading in the Right Direction on Friday?

Bitcoin receives a strong long-term technical score of 67 from InvestorsObserver analysis. Our proprietary grading system considers trading patterns over the last few months to a year, analyzing the coin’s consistency and volatility and where it compares to long-term averages to determine if it’s a strong buy-and-hold investment opportunity acts. Currently, BTC holds a superior long-term technical analysis value than 67% of cryptocurrencies. Long-term investors employing a buy-and-hold strategy will find long-term rank particularly relevant when allocating their assets, and may find additional value in finding cryptos with a high short-term technical score to discover coins that do the have bottomed out.

InvestorsObserver gives Bitcoin a long-term technical rank of 67. Find out what that means for you and get the rest of the rankings on Bitcoin!

Trade Analysis

BTC’s current trading price of $18,925.77 billion is -$2,397.6600000 (-11.24%) below the coin’s 100-day moving average of $21,323.42 billion. BTC, meanwhile, is up $1,217.1400000 (106.81%) from its 52-week low of $17,708.62 billion and -$49,863.86 billion (27.50%) below its 52-week high of $68,789.63 billion . Bitcoin’s current price relative to the coin’s long-term average and 52-week high and low gives the crypto a strong long-term technical score of 67. BTC’s price action and range suggest that investors in the coin are currently are neutral towards . Bitcoin currently has a total market cap of $362,592,749,885.36, which equals the currency’s average daily volume of $298,557,099,473.09 over the past seven days. The volume of BTC is 37,930,453,597.04 exchanged during this period, down from its seven-day moving average over the last 24 hours. This coin’s subclass Digital Money: Digital money is an asset, commodity or currency designed to maintain value and liquidity over time so that it can be used in the same way as fiat currencies .

summary

Bitcoin’s technical analysis over the past year has resulted in the crypto earning a strong long-term technical score of 67, as price action over this period has given traders reason to be long-term neutral on the coin. Click here for the full Bitcoin (BTC) report.

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