- BTT price action plunged from $0.01318 to $0.01077 on Tuesday’s trading session
- The 24-hour volume in BTT is at $7,789,510,540 with a 38.35% decrease
- The BTT/BTC pair was trading at 0.0000001832 BTC with a loss of 19.33%
The 4-hour technical chart of BTT price action forecasts a slight downtrend. According to pivot points, BTT’s critical support level is placed at $0.00686. While diving into the weekly chart of a 4-hour time-frame, it completes a bearish engulfing candlestick pattern representing a bearish trend with high reliability.
EMA- (8,13,21,55) acts as another strong support in the coin. EMA-8 (blue) intersects above the EMA-55 (red), which projects a strong bullish trend. The price is fighting the EMA-8. Investors may perceive a positive crossover in the EMA, and the price will also follow the positive direction.
RSI indicator (BULLISH), with a value of 62.90, indicates a buy signal in the coin. Moreover, Investors can see a flat slope in the index, and it may now cool down in future trading sessions.
The volume of (5.73B) represents a selling volume that is below the Volume MA (24.47B) of 20-days. High buying pressure has now vanished in Bittorrent to drive its price to higher levels.
BTT Price Action May Cool Down Now
BTT price traded at $0.01077 with a loss of 18.57% in the last 24-hour and 188.50% up in the weekly time-frame. In contrast, the market capitalization stands at $7.17 billion. Technically, investors can perceive a positive crossover in EMA, and the price is fighting to stay above the 8-EMA. RSI index showcases a flat slope. Moreover, the price movement can be towards the resistance of $0.01318 in future trading sessions if rebuying volume increases.
Resistance: $0.01318
Support: $0.00686
