BitTorrent price quickly gained bullish momentum as the crypto space initiated an uptrend
Within a very short time frame, the asset could manage to grow more than 15% with a huge buying pressure accumulating
The price is expected to surge gaining an immense boost that could ignite the rally towards its current ATH
The TRC-20 utility token, BitTorrent coin spiked suddenly as the crypto space appeared to be much greener than the previous day. With a jump of 2 places in the cryptocurrency rankings, the BTT price surged with a pretty large margin. And moreover, it appears that the asset is self-assured to form higher highs in the coming days.
The magnificent surge of more than 900% rally in April 2021 had attracted many strong hands and the price successfully hit its all-time high around $.01356. Woefully, the mid-may crash was not less than a nightmare that slashed the price nearly 400%. Moreover, the recent slump in June dragged the price below $0.002. Yet a notable rebound seems to have flipped the downtrend.
With a fresh surge, a series of green candles have accumulated in the daily chart. And hence a notable uptrend could rally the price to the next resistance. The double-bottomed pattern and a significant bounce from the support levels validates an uptrend. On the other hand, the RSI that followed a constant downtrend has broken the pattern and surged high to reach the overbought levels.
Despite a bullish momentum been building, yet the fear of a slight correction could be fast approaching. In a short term, the BitTorrent coin could experience a slight pullback before smashing $0.00355 levels. And hence could be the right time to buy BitTorrent coin. As the BTT price prediction lies somewhere around $0.0046 which is also the next strong resistance.