Daily Crypto News

Is Wrapped Bitcoin (WBTC) Trending Lower or Higher Wednesday?

Wrapped Bitcoin receives a weak long-term technical score of 5 from InvestorsObserver analysis. Our proprietary scoring system considers the trading patterns over the past several months to a year by analyzing the token’s consistency, volatility, and where it is relative to long-term averages to determine whether it’s a strong buy-and-hold investment opportunity.

Currently, WBTC holds a superior long-term technical analysis score than 5% of crytpocurrencies. Long-term investors employing a buy-and-hold strategy will find the Long-Term Rank especially relevant when allocating their assets and may find additional value finding cyptos with a high short-term technical score to discover tokens that have bottomed out.

Long-Term Technical - 5
InvestorsObserver is giving Wrapped Bitcoin a 5 Long-Term Technical Rank. Find out what this means to you and get the rest of the rankings on Wrapped Bitcoin!

Trading Analysis

The current trading price of $21,246.840000000 for WBTC is -$15,568.1700000 (-42.29%) below the tokens 100-day moving average of $36,815.010000000. WBTC meanwhile is $1,092.3400000 (105.37%) above its 52-week low of $20,154.490000000 and -$140,941.41000000 (13.09%) under its 52-week high price of $162,188.250000000. Wrapped Bitcoin’s current price relative to the tokens long-term average and 52-week high and low, gives the crypto an average long-term technical score of 5. The price movement and range of WBTC suggest that investors are bearish on the token at this time.

Wrapped Bitcoin has a total market value of $5,729,237,802.03 with an high average daily volume of $3,675,258,502.95 worth of the currency exchanged over a typical 24 hour period. As of the past 24 hours, WBTC’s volume is below its average with $516,402,978.92 exchanged in total.

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.


Technical analysis of Wrapped Bitcoin over the past year results in the crypto receiving a a weak long-term technical score of 5 as its price movement in that time has given traders reason to be bearish on the token in the long-term.

Click Here to get the full Report on Wrapped Bitcoin (WBTC).

Stay In The Know

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

Read More: Is Wrapped Bitcoin (WBTC) Trending Lower or Higher Wednesday?

Disclaimer:The information provided on this website does not constitute investment advice, financial advice, trading advice, or any other sort of advice and you should not treat any of the website’s content as such. NewsOfBitcoin.com does not recommend that any cryptocurrency should be bought, sold, or held by you. Do conduct your own due diligence and consult your financial advisor before making any investment decisions.