|-BitTorrent (BTT) hits a new all-time high price.|
-After reaching its ATH of $0.001978 today, it went down to $0.001377.
-BTT might have a chance to reach the bullish price of $0.00392.
BitTorrent (BTT) has reached a new all-time high price of $0.001978 today. However, the cryptocurrency price is expected to reach over $0.00392.
BTT is a TRC-10 utility token, compatible only with the TRON blockchain. Moreover, the TRON foundation acquired the BTT platform in 2018, but the project is unable to kickstart under its network until 2019.
BTT Price Prediction
According to CoinGecko, the BTT price is at $0.00169 with a 24-hour trading volume of over $1.2 billion, at the time of writing.
- Resistance Level 1: 0.0025
- Resistance Level 2: 0.00392
- Breakout Level:0.002
- Support Level: 0.00135
The graph above displays that BTT maintains its uptrend position. Despite this, after reaching its all-time high price of $0.001978 today, it went down to $0.001377. Again it is recovering from its bearish signal.
However, on hitting the breakout level of $0.002, the crypto might show a bullish signal. Hence, the crypto price might go beyond its $0.0025 resistance level. If the trend continues, BTT might have a chance to reach the bullish price of $0.00392.
Of course, there is a big chance that this will happen if the investors continue to put their faith in BTT. Meanwhile, the relative strength index (RSI) of the crypto is already at its oversold state. For this reason, traders must trade with caution to avoid price reversal risk.
Disclaimer: The opinion expressed in this chart solely the authors. It is not interpreted as investment advice.
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