BitTorrent [New]

Date: Mon, Sept 09, 2024, 07:20 AM GMTThe cryptocurrency market is showing signs of <a href="https://coinsprobe.com/top-real-world-asset-tokens-to-watch-this-week-spotlight-on-qnt-ondo-and-om/" rel="noopener noreferrer nofollow">recovery </a>after a recent downturn, with Bitcoin (BTC) maintaining a strong position above the $54,000 level. This stability in Bitcoin&#39;s price has sparked a positive trend among altcoins, and BitTorrent (BTT) is no exception. Over the past seven days, BTT has experienced a significant rally, boasting gains of 13.41%.A closer look at the charts reveals that BitTorrent (BTT) has been following a rising channel pattern. After bouncing back from a support level of $0.00000076, BTT has climbed to its current price of $0.0000009148. If the momentum continues, the next resistance level is at $0.0000010, representing a potential upside of over 10% from its current position.<img src="https://academy-public.coinmarketcap.com/optimized-uploads/e5f8ad7dd44347fdb7cc07ba1e8bfc66.png" />Source: TradingViewThe technical indicators also suggest that BTT could be poised for further recovery. The Relative Strength Index (RSI) currently stands at 62.21, indicating a bullish sentiment, while the RSI-Based Moving Average (MA) is at 48.36, signaling that there could still be room for more gains.However, investors should keep a close eye on Bitcoin&#39;s performance, as it could significantly impact BTT&#39;s rally. If Bitcoin remains stable or continues to rise, it could provide further support for BTT&#39;s upward trajectory. But if Bitcoin experiences volatility, it might put pressure on BTT&#39;s price movement.Disclaimer: The information provided in this article is for informational purposes only and should not be considered financial advice. Always do your own research before making any investment decisions.Related Articles: <a href="https://coinsprobe.com/big-unlocks-ahead-111-million-worth-of-tokens-including-apt-render-and-strk-set-to-hit-the-market/" rel="noopener noreferrer nofollow">Big Unlocks Ahead: $111 Million Worth of Tokens Including APT, RENDER, and STRK Set to Hit the Market</a>

BitTorrent [New] (BTT) Surges in Significant Rally: Are More Gains on the Horizon?

CoinsProbe

Other articles published on Sep 9, 2024

Could Dogecoin (DOGE) Lead the Next Memecoin Rally?

Whale Accumulates 5,000 ETH Worth $11.46M at Market Low

What Is the Telegram-Based Catizen Game?

Crypto: 126,210 New ETH Wallets In 24H! A Rally To Be Expected?

Binance Indonesian Subsidiary Secured Full License To Operate

Solana Skyrockets in Inflows as Bitcoin Bleeds With $643 Million Outflows

Join our free newsletter for daily crypto updates!