InvestorsObserver gives Wrapped Bitcoin a strong long-term technical score of 78 from its research. The proprietary scoring system take into account the historical trading patterns from recent months to a year of the token’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. WBTC at this time has a superior long-term technical analysis score than 78% 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 tokens that have bottomed out.
Wrapped Bitcoin’s price is $1,569.0000000 (5.54%) above its 100-day moving average price of $28,328.180000000 as its price at the moment sits at $29,897.180000000. Additionally, WBTC is $14,378.3100000 (192.58%) higher than its 52-week low price of $15,518.880000000 while -$1,780.83000000 (94.35%) under its 52-week high of $31,678.020000000. The current trading price in relation to its long-term average along with its 52-week high and low, gives WBTC a strong long-term technical score of 78. Long-term trading movement of Wrapped Bitcoin suggest that investors are neutral on the token at the moment. Wrapped Bitcoin has a market capitalization of $4,821,662,159.89 and a relatively high average daily volume with $451,824,006.77 worth of the currency traded over the typical 24 hour period. Over the last 24 hours, WBTC’s volume is below its seven day average with 62,614,983.79 exchanged. This token’s subclass Wrapped Tokens: A wrapped token is an on-chain representation of another asset. It can be a cryptocurrency represented on a different blockchain, or it can be another kind of asset, such as a stock or commodity. This allows crypto traders access to non-crypto assets and trades on one change to get exposure to assets on a different chain.
WBTC’s historical trading over the past year gives it a a strong long-term technical score of 78 as its price movement in that time has given investors reason to be neutral on the token in the long-term. Click Here to get the full Report on Wrapped Bitcoin (WBTC).
Subscribe to our daily morning update newsletter and never miss out on the need-to-know market news, movements, and more.
Thank you for signing up! You’re all set to receive the Morning Update newsletter
Stock Price data may be delayed up to 15 minutes.