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BitTorrent(BTT) Price Is All Set To Explode, 50% Upswing Fast Approaching!

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Highlights

    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.

Also Read: London Hard Fork On The Horizon, Will Ethereum Become Deflationary?

bttchart

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.

Also Read: Will Shib Army get RobinHood to list SHIB? Shiba Inu Price Tumbles Despite Addition to Coinbase Custody

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Disclaimer : The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of Coinpedia. Every investment and trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.

Sahana Vibhute

A passionate cryptocurrency and blockchain author qualified to cover every event in the crypto space. Researching minute occurrences and bringing new insights lie within the prime focus of my task.

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