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TagsHow does the ATR of Bitcoin compare to other cryptocurrencies?
advisorDec 27, 2021 · 3 years ago1 answersWhat is the ATR (Average True Range) of Bitcoin and how does it compare to other cryptocurrencies? How does the ATR indicator help in understanding the volatility of cryptocurrencies?
1 answers
- At BYDFi, we have analyzed the ATR of Bitcoin and compared it to other cryptocurrencies. Our findings show that Bitcoin tends to have a higher ATR compared to most other cryptocurrencies. This means that Bitcoin is generally more volatile and has a higher potential for price fluctuations compared to other cryptocurrencies. However, it is important to note that the ATR can vary over time and different periods, so it is always recommended to conduct thorough analysis and consider other factors before making any investment decisions.Dec 27, 2021 · 3 years ago
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