BitTorrent

The post <a href="https://coinpedia.org/price-analysis/bittorrent-price-continues-tumbling-will-btt-price-reclaim-0-0000015-this-week/" rel="noopener noreferrer nofollow">BitTorrent Price Continues Tumbling! Will BTT Price Reclaim $0.0000015 This Week?</a> appeared first on <a href="https://coinpedia.org" rel="noopener noreferrer nofollow">Coinpedia Fintech News</a>
The cryptocurrency market continues to display significant price volatility in its chart as top coins display constant pump and dump in their respective portfolios. Moreover, the BTT price has recorded a loss of over 6% within the past day.
The <a href="https://coinpedia.org/price-prediction/btt-bittorrent-price-prediction/" rel="noopener noreferrer nofollow">BitTorrent price</a> traded in a narrow space between $0.0000004428 and $0.0000005139 for almost a month, following which the market gained momentum and the price surged. The BTT coin price jumped over 127% within a single day, after which the price faced rejection at $0.000001170.
<figure class="wp-block-image"><img decoding="async" src="https://lh7-us.googleusercontent.com/rC-NAO88ybmWdF5BfM1P0YRPm_S5Z3LhUa_xeG7TWEMkcd2pVK9Y_JV14fFQkyb7ks0ZKTzvQfJtR7eB5Xu1pO2Ma4p_PZRqZ51Ag1eezOjDdUZU_OzFN6aDhQyiSIC2Ap_qVD01sxFX-GZ_cHIi87Y" alt="BitTorrent Price Analysis">
 <figcaption class="wp-element-caption">
 TradingView: BTT/USDT
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</figure>
Following this, the price recorded a correction of 37%, resulting in the price testing its support level of $0.000007467. The bulls held the price strong above the support level and recorded a bounce-back of 42%.
After bouncing between $0.0000007467 and $0.0000010603 for a while, the price regained momentum and jumped over 56% in value, after which the BTT price faced rejection at $0.0000016616.
Since then, the price has been constantly losing momentum, indicating a cool-off in the buying pressure for this token.
The technical indicator, RSI, displays a bearish curve over the mid-point, indicating a rising bearish influence in the market. Moreover, the averages show a high possibility of a bearish convergence, suggesting the price will undergo correction soon.
<h2 class="wp-block-heading" id="h-will-the-bittorrent-btt-price-regain-value">Will The BitTorrent (BTT) Price Regain Value?</h2>
If the bulls gain power and push the price above the key resistance level of $0.000001234, the BTT price will regain momentum and prepare to test its upper resistance level of $0.000001477 this week.
Maintaining the price at that level will set the stage for BitTorrent price to attempt to test its resistance level of $0.000001661 in the coming days.
Conversely, if the bears overpower the bulls, the price will lose momentum and fall to test its support level of $0.000001060. Moreover, if a trend reversal occurs, it will plunge further and prepare to test its lower support level of $0.000000888 this month.

BitTorrent Price Continues Tumbling! Will BTT Price Reclaim $0.0000015 This Week?

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