Neutral rated Bitcoin (BTC) falls to $40424.71 on Sunday

Bitcoin (BTC) receives a neutral rating from InvestorsObserver on Sunday. The Digital Money asset is down 0.11% to $40424.71, while the broader crypto market is down 0.02%.

Bitcoin has a neutral sentiment value. Find out what this means for you and get the rest of the leaderboard on Bitcoin!

Neutral

For the past five days, Bitcoin has received a neutral rating on the InvestorsObserver Sentiment Score. The Sentiment Score measures Bitcoin’s performance over the past five days by volume and price movement.

The Sentiment Score provides a quick, short-term view of the crypto’s recent performance. This can be useful for both short-term investors looking to ride a rally and longer-term investors trying to buy the pullback.

price levels

Bitcoin is currently trading near its midpoint for the past five days. The Digital Money asset is down 4.71% from its 5-day high and 2.67% up from its 5-day low of $39373.06.

Bitcoin price is favorably positioned between support and resistance. With support around $40153.57 and resistance at $40708.83, it has some room to maneuver before hitting resistance.

Bitcoin has been trading at low volume lately. This means that today’s volume is below the average volume for the last seven days.

What is a coin?

A coin is a cryptocurrency that exists on its own blockchain. These are typically used for payments. Depending on the cryptocurrency, the usage of these payments can vary from general usage in the Digital Money subclass to more specific usage in some other subclasses.

Due to a lack of data, this crypto may be less suitable for some investors.

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