- The BTT crypto hit its all-time high price in January 2021 and it has been declining since then.
- BitTorrent is currently trading at $0.000000366221 declining more than 3% in the last 7 days.
The BTT token is a world-leading blockchain scaling solution. It provides heterogeneous blockchains that provide more scalable platform for web3 developers. BTT has full EVM compatibility and low charges low gas fees. It has BTTC bridge that provides solution for asset transfers across multiple blockchains that facilitate value exchange.
BitTorrent was launched by Brahm Cohen and David Harrison in the year 2001. It was later acquired by Tron Foundation in 2018. BTT is built on Ethereum blockchain and follows ERC20 token standards. It was launched in December 2021.
The market cap of the BTT crypto has declined by 1.32% in the last 24 hours following a decline of 14.11 in the trading volume. The current volume/market cap ratio of the crypto is 3.11% and the circulating supply of the coin is 951.42T BTT. This results in a fully diluted market cap of $363.08M. The current market cap dominance of the crypto is 0.032%.
The BTT Crypto Is Extremely Bearish On the Charts, What Should Be One’s Expectation?
BTT crypto is consistently facing selling pressure from the higher levels. It has been steeply declining with very small retracements. Currently, the crypto is trading at its all-time low price which indicates how bearish the crypto is.
As the crypto price has been consistently declining to lower levels, the EMAs are acting totally bearish supporting for the downtrend. The RSI has also declined below the oversold zone and is consistently sustaining below the same. This represents how dominant the sellers are in the BTT crypto.
BitTorrent Technical Overview
The technical indicators for the crypto are highly bearish as the majority of the oscillators are indicating a bearish signal. The price has also declined below the multiple EMAs and Ichimoku Base Line which represents very bad performance of the crypto. Thus the overall indicators are giving a strong sell signal.
Conclusion
As the BTT crypto price is following very strong downtrend and there has been no signs of buyers in the crypto, we can see further decline in coins price. Multiple technical indicators such as EMAs and the RSI are indicating for sell. There is also no significant activity in the volume of the crypto.
Thus, the price of the crypto may can continue to decline to lower levels and we can see lower levels in the crypto price in the upcoming days.
Technical Levels
- Support levels- $0.0000002500 and $0.000000300
- Resistance levels- $0.0000007800 and $0.000000100
Disclaimer
The views and opinions stated by the author or any other person named in this article, are for informational purposes only and do not constitute financial, investment, or other advice. Investing in or trading crypto or stocks comes with a risk of financial loss.