BitTorrent

The post <a href="https://coinpedia.org/price-analysis/bittorrent-jumps-80-how-high-will-btt-price-go-amid-market-volatility/" rel="noopener noreferrer nofollow">BitTorrent Jumps 80%! How High Will BTT Price Go Amid Market Volatility?</a> appeared first on <a href="https://coinpedia.org" rel="noopener noreferrer nofollow">Coinpedia Fintech News</a>
After displaying a neutral trend for a brief period, the BTT price has recorded a significant price action in its valuation over the recent time. The <a href="https://coinpedia.org/price-prediction/btt-bittorrent-price-prediction/" rel="noopener noreferrer nofollow">BitTorrent price</a> has added over 78% within the past seven days and has collectively added approximately 150% over the past 30 days.
The BitTorrent (BTT) price traded in a closed range between $0.000000953 and $0.00000119 for over three weeks, highlighting a weak price action for this altcoin in the market. After multiple failed attempts, the bulls regained momentum and successfully broke out of the resistance level.
<figure class="wp-block-image"><img decoding="async" src="https://lh7-us.googleusercontent.com/Btx-jaxQjOpZBo6AyiPXiDjB9IWSjHbbscropVj7w7ZdZkBqg8mgV08F1bJBYjclv8Yf9gkgVkM3dDXND6AtAHzivRYjQpPG1TE0JUys2BNqn9mD9lUWlpN00zhe-6nHYYmn3abDVdsSgpXY2WzibsQ" alt="BTT Price Analysis">
 <figcaption class="wp-element-caption">
 TradingView: BTT/USDT
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</figure>
However, the rally was short-lived as the price faced rejection at $0.00000153, following which it traded sideways for the next four days. Recently, the bulls regained momentum and recorded a jump of approximately 55% in valuation.
After facing rejection at $0.00000214, the BTT price started trading under a bearish influence and since then has been trading in a closed range between $0.00000191 and $0.00000214.
The Relative Strength Index (RSI) continues to trade above the overbought range, highlighting an increased buying-over-selling pressure in the market. Moreover, the averages show a flatline, suggesting uncertainty in the future price action of this altcoin.
<h2 class="wp-block-heading" id="h-will-btt-price-drop">Will BTT Price Drop?</h2>
If the bulls regain momentum, the BTT price will test its resistance level of $0.00000214 this week. Further, if the market holds the price at that level, the bulls will continue gaining momentum and prepare to test its upper resistance level of $0.00000240.
Negatively, a trend reversal may pull the price toward its support level of $0.00000190. Moreover, if the bears continue to overpower the bulls, the price may further plunge and prepare to test its crucial support level of $0.00000153 this week.

BitTorrent Jumps 80%! How High Will BTT Price Go Amid Market Volatility?

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