Price Analysis

BitTorrent Recovery May Be Huge And Imminent, Buy BTT at Lower Price Now!

Written by: Qadir AK

Written by right arrow

Qadir AK

Qadir Ak is the founder of Coinpedia. He has over a decade of experience writing about technology and has been covering the blockchain and cryptocurrency space since 2010. He has also interviewed a few prominent experts within the cryptocurrency space.

  • author facebook
  • author twitter
  • linkedin

Dec 7, 2021

news-image
Highlights

    BitTorrent price initiated with the recovery phase with huge volume since the last trading day

    With the building bullish momentum, the BTT price may eventually range towards its highs slicing through the crucial resistance levels

The crypto market is attempting to recover from the losses incurred during the previous crash. While Bitcoin’s price regained its positions above $50K, Ethereum’s price is also heading towards the $4500 mark. Amid the coiling bullish market sentiments, BitTorrent Price just enjoyed a huge long jump. The platform received a huge volume which is dominated by the bulls that propelled the price more than 65% since the last trading day. 

Advertisement

A huge volume influx on the platform led the BTT price on fire and hence the asset ranked high and attempted to test the crucial resistance at $0.004100. The current surge points out towards a notable jump pre-programmed ahead which could ignite BTT’s bull run towards the highs which is nearly 70% distinct from here. However, by breaking the downtrend, yet the asset is pointing out towards the beginning of the bull run yet again.

As mentioned in the chart the BTT price broke from a huge downtrend with an influx of volume that spiked more than 372% recording above $3 billion. Currently, it’s mandatory for the price to retest and clear the crucial resistance levels at $0.004615. Once done, the asset could eventually confirm with an uptrend and may head towards the next level around $0.006341. In case of a downtrend, the asset may retest the resistance levels which would be flipped into support and initiate with a rebound. 

Collectively, BitTorrent’s price is all set to regain its lost positions above $0.01 levels. Yet the journey seems to be pretty long but could be possible if the asset clears the above-mentioned levels. At the press time, BTT price is among the top 10 most traded assets excluding the stable coins and hence the uptrend is expected to continue for the next couple of days.  

Show More

Was this writing helpful? myImage dislikeimage

Qadir AK

Qadir Ak is the founder of Coinpedia. He has over a decade of experience writing about technology and has been covering the blockchain and cryptocurrency space since 2010. He has also interviewed a few prominent experts within the cryptocurrency space.

Related Articles

Back to top button