BitTorrent

Gains

The post <a href="https://coinpedia.org/price-analysis/bittorrent-price-jumps-big-will-btt-price-hold-its-gains-or-plunge/">BitTorrent Price Jumps Big! Will BTT Price Hold Its Gains Or Plunge?</a> appeared first on <a href="https://coinpedia.org">Coinpedia Fintech News</a> 
The BitTorrent price has recorded a massive jump over the past day, indicating an increase in the demand for the coin. Further, the BTT price has added over 36% within the past 24 hours, successfully making it the top gainer of the industry for the day. 
The <a href="https://coinpedia.org/price-prediction/btt-bittorrent-price-prediction/">BTT</a> price traded in a closed space between $0.0000011475 and $0.0000012348 for a short period, following which the bulls lost momentum, resulting in a price breakdown. After this, the price traded between $0.0000009644 and $0.0000011475 for almost three weeks. 
<figure class="wp-block-image">
 <img decoding="async" src="https://lh7-us.googleusercontent.com/0Ava0VQomr9KaU4XKcXAgZ6W3gCVkGBDZQaFo85xA1PgO-muQv7iUpyRcFZyXzr0jCug9AhgA0sOp5lSlJwOkWkqwz3HjZpl-E_wFEMDsvdt2CrVGXBMqT1bbVXdbU1e1aLf6g7TwAP49ADrCsvsqHI" alt="BTT Price Analysis">
 <figcaption class="wp-element-caption">
 TradingView: BTT/USDT
 </figcaption>
</figure> 
The bulls struggled to hold the price above the support level, following which the BitTorrent price started trading under a bearish influence. The BTT coin price lost approximately 27.5% in value in just two days. 
After this, the price traded sideways for a while and as the market volatility grew, the price successfully broke out of the resistance level and recorded a jump of over 21%. Following this, the price once again started trading under a bearish influence and erased all its gains from the pump. 
The price then traded sideways for a brief period, indicating a weak price action for the coin in the market. Recently, the bulls regained momentum and recorded a massive jump of over 52%, following which the price faced rejection and experienced a correction of 10.5% in valuation. 
<h2 class="wp-block-heading" id="h-will-btt-reach-1-cent">Will BTT Reach 1 Cent?</h2> 
The Relative Strength Index (RSI) shows a sharp rise in the chart, highlighting a massive ongoing price action in the market. Further, the averages show a bearish curve, suggesting the price could undergo correction soon. 
If the bulls hold the price above the support level of $0.0000010603, the BTT price will regain momentum and test its resistance level of $0.0000011475 soon. If the market continues to display a bullish trend, it will rise and prepare to test its upper resistance level of $0.0000012348. 
Conversely, if a trend reversal occurs, the market will lose momentum and fall to test its support level of $0.0000009644. Moreover, if the bears continue to dominate the market, it will plunge and prepare to test its lower support level of $0.0000008889 in the coming time.

BitTorrent Price Jumps Big! Will BTT Price Hold Its Gains Or Plunge?

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