![]() For this reason, the bullish price prediction of BitTorrent in 2021 is $0.0074. With continuous improvements in the BitTorrent network, we can say that 2021 is a good year for BTT. But, the recent trend of BTC and BTT moves in a downward direction. BTC Vs ETH Vs BTT Price Comparison (Source: TradingView)įrom the above chart, we can identify the trend of the ETH is moving at the upward trend. The below chart shows the price comparison between Bitcoin, Ethereum and BitTorrent. In fact, BTT’s RSI is at the 39.74 level thus confirming a potential sell signal. The RVI of BTT lies above the 50 level, indicating that the direction of volatility is high. RVI measures the constant deviation of price changes over a period of time rather than price changes. Currently, BTT lies in the range at 38.17, so it indicates a strong trend.įrom the above chart, the Relative Volatility Index (RVI) of BTT. The above chart represents the ADX of BitTorrent. This system attempts to measure the strength of price movement in the positive and negative directions using DMI indicators with ADX. The indicator is the average of the expanding price range values. It helps to measure the overall strength of the trend. Let us now look at BitTorrent’s Average Directional Index (ADX). ![]() BitTorrent Price Prediction 2021 - ADX, RVI However, this gives confidence for the traders to trade without any fear. ![]() This means that BTT is in a nearly oversold state. ![]() Meanwhile, the relative strength index (RSI) of the BTT is at level 39.74. Therefore, there is a possibility of a reversal trend of BTT at any time. Notably, the BTT price lies below 50 MA (short-term), so it is completely in a downward trend. More so, the BTT’s Moving Average (MA) is shown in the chart above. BTT/USDT RVOL, MA, RSI (Source: TradingView) Currently, RVOL of BTT lies below the cutoff line, indicating weaker participants in the current trend. It is an indicator of how the current trading volume has changed over a period of time from the previous volume for traders. The Relative Volume (RVOL) of BTT is shown in the below chart. BitTorrent Price Prediction 2021 - RVOL, MA, and RSI If this trend continues, BTT might run along with the bulls overtaking its resistance level at $0.0074.Īccordingly, if the investors turn against the crypto, the price of the BTT might plummet to almost $0.0017, a bearish signal. The charts show that BTT has performed a bullish trend over the past month. BTT/USDT Support and Resistance Level (Source: TradingView)įrom the above weekly time frame, it is clear the following are the resistance and support levels of BTT. The below chart shows the support and resistance level of BTT. BitTorrent (BTT) Support and Resistance Level If the trend reverses, then the price of BTT may fall to $0.0018. If the pattern continues, the price of BTT might reach the resistance level to $0.0045 and $0.0053. As such reversals occur, the method is more reliable.Ĭurrently, BTT is at $0.0031. While on the channel, prices are expected to jump from the upper and lower ranges. This is a bullish chart pattern defined by a trendline that supports the series of higher lows and a diagonal resistance level that connects the higher highs. BTT/USDT Ascending Channel Trend Pattern (Source: Tradingview)Īn ascending channel is a pattern formed from two upward trend lines drawn above and below the price indicating the resistance and support levels. BTT price prediction 2021 explained below with a weekly time frame. BitTorrent (BTT) Price Prediction 2021īitTorrent holds the 81st position on CoinGecko right now. 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. It is a distributed file-sharing protocol developed in 2001 by computer programmer Bram Cohen. What is BitTorrent (BTT)?īitTorrent (BTT) is a blockchain-based digital token that powers the world’s most popular decentralized protocols and applications. Currently, BTT trades in cryptocurrency exchanges such as Binance, Mandala Exchange, OKEx, CoinTiger, and Huobi Global. Moreover, BTT has a circulating supply of 659,071,882,049 BTT. However, BTT has increased to 5.7% in the last 24 hours. BitTorrent Current Market StatusĪccording to coingecko, the price of BTT is $0.0032 with a 24-hour trading volume of $501,521,52 at the time of writing. In BitTorrent (BTT) price prediction 2021, we use statistics, price patterns, RSI, RVOL, and much other information about BTT to analyze the future movement of the cryptocurrency. BTT bearish market price prediction for 2021 is $0.0017.The BTT price will also reach $0.0075 soon.Bullish BTT price prediction is $0.0042 to $0.0062.Posted on Decem(December 2, 2021), 11:43 pm by Monisha 8 months ago | 6 mins read Price Prediction
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