BitTorrent (BTT) Price Prediction 2023 — Will BTT Hit $0.0000008 Soon?

  • Bullish BTT price prediction for 2023 is $0.0000007611 to $0.0000014732.
  • BitTorrent (BTT) price might also reach $0.0000008 soon.
  • Bearish BTT price prediction for 2023 is $0.0000006199.

In BitTorrent (BTT)  price prediction 2023, we use statistics, price patterns, RSI, RVOL, and other information about BTT to analyze the future movement of the cryptocurrency.

BitTorrent (BTT) Current Market Status

Current Price $0.000000626561
24 – Hour Trading Volume $7,314,627
24 – Hour Price Change 2% down
Circulating Supply 947,962,000,000,000
All – Time High $0.00000343 (On January 21, 2022) 
BTT Current Market Status (Source: CoinGecko)

What is BitTorrent (BTT)?

BitTorrent (BTT) is a blockchain-based digital token that powers the world’s most popular decentralized protocols and applications. It is a distributed file-sharing protocol developed in 2001 by computer programmer Bram Cohen. It is designed to transfer large computer files without a central server and is responsible for moving a significant percentage of the world’s Internet traffic.

BitTorrent (BTT) Price Prediction 2023

BitTorrent (BTT) holds the 56th position on CoinGecko right now. BTT price prediction 2023 is explained below with a daily time frame.

    BTT /USDT Descending Channel Pattern (Source: Tradingview)

The above chart of BitTorrent (BTT) laid out a descending channel pattern, also known as the falling channel. A descending channel is formed by two parallel trendlines. The upper trendline, which joins the highs, and the lower trendline, which joins the lows, run parallelly downwards. This pattern is characteristic of a bearish market.

Currently, BitTorrent (BTT) is in the range of $0.0000006257. If the pattern continues, the price of BTT might reach the resistance levels of $0.0000006672, $0.0000006969, and $0.0000007335. If the trend reverses, then the price of BTT may fall to $0.0000006160.

BitTorrent (BTT) Support and Resistance Levels

The chart below shows the support and resistance levels of BitTorrent (BTT).

BTT /USDT Support and Resistance Levels (Source: Tradingview)

From the above daily time frame, we can clearly interpret the following as the resistance and support levels for BitTorrent (BTT).

Resistance Level 1$0.0000007611
Resistance Level 2$0.0000010390
Resistance Level 3$0.0000014732
Support Level $0.0000006199
BTT /USDT Support and Resistance Levels

The charts show that BitTorrent (BTT) has performed a bullish trend over the past month. If this trend continues, BTT might run along with the bulls overtaking its resistance level at $0.0000014732.

Accordingly, if the investors turn against crypto, the price of BitTorrent (BTT) might plummet to almost $0.0000006199, a bearish signal.

BitTorrent (BTT) Price Prediction 2023 — RVOL, MA, and RSI

The Relative Volume (RVOL) of BitTorrent (BTT) is shown in the chart below. It is an indicator of how the current trading volume has changed over a period of time from the previous trading volume. Currently, the RVOL of BTT lies below the cutoff line, indicating weak participants in the current trend.

BTT /USDT RVOL, MA, RSI (Source: Tradingview)

Also, the Moving Average (MA) of BitTorrent (BTT) is shown in the chart above. Notably, BitTorrent (BTT) price lies below 50 MA (short-term), so it is in a downtrend. Currently, BTT has entered a bearish state. Therefore, there is a possibility of a reversal trend of BTT at any time.

Meanwhile, the relative strength index (RSI) of the BTT is 37.63. This means that BitTorrent (BTT) is in an oversold state. However, this means a major price reversal of BTT may occur in the upcoming days. So, traders need to trade carefully.

BitTorrent (BTT) Price Prediction 2023 — ADX, RVI

Let us now look at the Average Directional Index (ADX) of BitTorrent (BTT). It helps to measure the overall strength of the trend. The indicator is the average of the expanding price range values. This system attempts to measure the strength of price movement in the positive and negative directions using DMI indicators with ADX.

BTT/USDT ADX, RVI (Source: TradingView)

The above chart represents the ADX of BitTorrent (BTT). Currently, the ADX of BTT lies in the range of 35.4968 and thus, it indicates a strong trend. 

The above chart also represents the Relative Volatility Index (RVI) of BitTorrent (BTT). RVI measures the constant deviation of price changes over a period of time. The RVI of BTT lies below 50, indicating low volatility. In fact, the RSI of BitTorrent (BTT) is at 37.63 thus confirming a potential buy signal.

Comparison of BTT with BTC, ETH

The below chart shows the price comparison between Bitcoin (BTC), Ethereum (ETH), and  BitTorrent (BTT).

BTC Vs ETH Vs BTT Price Comparison (Source: Tradingview)

From the above chart, we can interpret that the price action of BTT is similar to BTC and ETH. This indicates that when the price of BTC and ETH increases or decreases, the price of BTT also increases or decreases respectively.

BitTorrent (BTT) Price Prediction 2024-2030

Numerous factors are taken into account when forecasting prices including volume changes, price variations, market cycles, and similar coins. Let’s predict the price of BitTorrent (BTT) between 2024 and 2030.

BitTorrent (BTT) Price Prediction 2024

If the declining price action completely slows down in momentum and the trend reverses,  BitTorrent (BTT) might probably attain $0.000001 by 2024.

BitTorrent (BTT) Price Prediction 2025

With several upgrades in the network, BitTorrent (BTT) might enter a bullish trajectory. If the coin grabs the attention of major investors, BTT might rally to hit $0.000003 by 2025. 

BitTorrent (BTT) Price Prediction 2026

If BitTorrent (BTT) sustains major resistance levels and continues to be recognized as a better investment option among investors for the next 3 years, BTT would rally to hit $0.000005.

BitTorrent (BTT) Price Prediction 2027

If BitTorrent (BTT) sustains major resistance levels and continues to be recognized as a better investment option among investors for the next 4 years, BTT would rally to hit $0.000007.

BitTorrent (BTT) Price Prediction 2028

If BitTorrent (BTT) sustains major resistance levels and continues to be recognized as a better investment option among investors for the next 5 years, BTT would rally to hit $$0.000009.

BitTorrent (BTT) Price Prediction 2029

BitTorrent (BTT) holds up a strong stance as a better investment option for the next 6 years amid the trends in the highly-volatile crypto market. By driving significant price rallies, BTT would hit $0.00001 in 2029.

BitTorrent (BTT) Price Prediction 2030

If investors flock in and continue to place their bets on BitTorrent (BTT), it would witness major spikes. BTT might hit $0.00003 by 2030.

Conclusion

With continuous improvements in the BitTorrent network, we can say that 2023 is a good year for BTT. For this reason, the bullish price prediction of BitTorrent (BTT) in 2023 is $0.0000014732. On the other hand, the bearish price prediction of BitTorrent (BTT) for 2023 is $0.0000006199.

Furthermore, with the advancements and upgrades to the BitTorrent ecosystem, the performance of BTT would help to reach above its current all-time high (ATH) of $0.00000343 very soon. But, it might also reach $0.0000008 if the investors believe that BTT is a good investment in 2023.

FAQ

1. What is BitTorrent (BTT)?

BitTorrent is the most popular peer-to-peer (P2P) and torrent file-sharing platform that has become increasingly decentralized in recent years.

2. Where can you purchase BitTorrent (BTT)?

BitTorrent (BTT) has been listed on many crypto exchanges which include Binance, Huobi, KuCoin, OKX, DigiFinex, and LBank.

3. Will BitTorrent (BTT) reach a new ATH soon?

With the ongoing developments and upgrades within the BitTorrent Platform, BTT has a high possibility of reaching its ATH soon.

4. What is the current all-time high (ATH) of BitTorrent (BTT)?

On January 21, 2022, BitTorrent (BTT) reached its new all-time high (ATH) of $0.00000343.

5. Is BitTorrent (BTT) a good investment in 2023?

BitTorrent (BTT) seems to be one of the top-gaining cryptocurrencies this year. According to the recorded achievements of BitTorrent in the past few months, BTT is considered a good investment in 2023.

6. Can BitTorrent (BTT) reach $0.0000008?

BitTorrent (BTT) is one of the active cryptos that continues to maintain its bullish state. Eventually, if this bullish trend continues then BitTorrent (BTT) will hit $0.0000008 soon.

7. What will be BitTorrent (BTT) price by 2024?

 BitTorrent (BTT) price is expected to reach $0.000001 by 2024.

8. What will be BitTorrent (BTT) price by 2025?

 BitTorrent (BTT) price is expected to reach $0.000003 by 2025.

9. What will be BitTorrent (BTT) price by 2026?

 BitTorrent (BTT) price is expected to reach $0.000005 by 2026.

10. What will be BitTorrent (BTT) price by 2027?

 BitTorrent (BTT) price is expected to reach $0.000007 by 2027.       

Disclaimer: The opinion expressed in this chart is solely the author’s. It does not represent any investment advice. TheNewsCrypto team encourages all to do their own research before investing.

Monisha is a Senior Programmer in the Automotive Embedded domain. Her interest in the cryptocurrency field made her write about crypto and blockchain-related news.