Bittorrent Price Analysis: BTT Price Skyrockets To $0.003975 (ATH)

BTT price is in a bullish phase for now and the trend remains in favor of bulls
  • BTT price made a lifetime high and was trading at $0.003451 on Saturday’s trading session
  • The 24-hour volume to market cap ratio is 1.40 which showcases that volume has exceeded the market cap by 40%
  • The BTT/BTC pair was trading at 0.0000000582 BTT with a gain of 80%

The 4-hour technical chart of BTT price projects a bullish trend. According to pivot points, BTT critical support level is placed at $0.0016000. While diving into the weekly chart of a 4-hour time-frame, it completes a bullish engulfing candlestick pattern. Which represents bulls are in control of the BTT’s price action.

SMA-20, 50 & 100 acts as another strong support in the coin. SMA-20 (purple) is above the SMA-50 (white), which projects a bullish trend. The price is also way above SMA-100 (red). Investors may perceive a positive crossover in the SMA, and the price will also follow the positive trend.

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RSI indicator (OVERBOUGHT), with a value of 88, indicates an overbought situation in the coin. Moreover, Investors can see an upward slope in the index from 50 to 88, and it may cool down in future trading sessions.

BTT Price Has Given Massive Gain Upto 154% In Just 7 Days

BTT price traded at $0.003451 with a gain of 90% in the last 24-hour and a massive gain of 154% in the weekly timeframe. Furthermore, BTT price is in a bullish phase for now and the trend remains in favor of bulls. In contrast, the market capitalization stands at $3.48 billion. Technically, investors can perceive a positive crossover in SMA. Moreover, the price movement can cool down in upcoming trading sessions.

Support: $0.0016000

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Nikhil Ingolehttp://themarketperiodical.com
Mr, Nikhil Ingole is a cryptocurrency technical analyst with over seven years of technical analysis trading experience in Forex and Indian stock market. As a commerce graduate, he has taken a keen interest in blockchain's future potentials in the financial industry. He possesses strong technical, analytical skills and is well known for his financial market's informative analysis. Other than crypto, Nikhil Loves to watch his favorite football team and keep up to date with the latest Formula 1 racing.

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