- BTT coin price is observing a correction after a positive upside momentum. Meanwhile, Bittorrent price has seen a loss of 2.94% in the past 24 hours
- Technical indicators of Bittorrent suggests a downtrend in price for the future. Meanwhile, the BTT/BTC pair is down by more than 2% in the past 24 hours
BTT crypto price is currently observing a weak consolidated momentum which can push it to a new low in the future. Bittorrent price is trading near the value of $0.0039 and has observed a loss of more than 3% in the last 24 hours. BTT price is currently consolidating in nature. The bull trend of the coin began from $0.002 and came to a halt near $0.06 . It is a peer to peer file sharing and torrent platform which has gained a vast popularity in the past few years.. BTT coin price has observed an incredible rise in the past few months. It can soon revert from its downtrend and achieve a new high in the future. BTT/BTC pair can also observe a new high in the future. One can invest in Bittorrent according to their needs and risk capacity
Bittorrent market dominance along with its market cap has seen a decline in the past few days. The price has to cover more than 70% of its current value to break above the all time high. The volume of the coin along with the market cap is also observing a decline . Volume to market capitalization ratio for the BTT hints towards a bearish momentum in price.
BTT Crypto Price Technical Indicators Suggests A Downside Momentum
The weekly technical chart of BTT price hints towards a bearish momentum in price for the future. .On the daily chart Bittorent price is observing a downside correction . BTT bullish momentum might face resistance near the value of $0.005 . A support area in the price can be seen near $0.002 . The 100MA line for the coin is near $0.003, making it a temporary bounceback area for the asset price. If the BTT price goes 15 to 20% above the current level then a strong upside momentum can be observed. BTT/BTC pair can also see a new high in the upcoming days.
Conclusion
BTT coin price is currently observing a downtrend on the daily chart but can soon revert to the uptrend. BTT/BTC pair can also see a new high in the future
Technical Levels
Major Support:$0.002
Major Resistance:$0.006