BitTorrent-New Price Analysis: Will BTT Retest $0.00000100 Level?


  • BitTorrent-New shows bearish momentum over the weekend.
  • BitTorrent-New price analysis is bearish today.
  • BTT/USD medium term support stood at $0.00000100.
  • 24-hour trading volume for BitTorrent-New is hovering at $17,985,796.00.

03 October 2022 : In this article we will walk you through BitTorrent-New price analysis for today or for next week and try to answer these frequently asked questions (FAQs), what is short term price prediction for BitTorrent-New, Is BTT a good investment? BitTorrent-New support & resistance levels etc. But before diving deep into the BTT technical analysis, let us talk about the current market conditions.

Market Analysis

Over the last twenty-four hours, there was a down fall of -1.34 percent, bringing the entire cryptocurrency market to $936,642,515,083. The total trading volume stands at $53,583,320,840. Bitcoin shares 39.69 percent of the entrie market while Ethereum has a dominance of 16.12%.
which resulted in Bitcoin's price rising to $19,389.79 level after an upward movement of 0.96%. A number of alternative cryptocurrencies, like ETHEREUM has seen a price increase of 1.54 percent reaching to $1,317.86 during the previous 24 hours.
While publishing this blog, BNB traded at $287.12, following a price change of 1.38% within the same time frame. XRP the native coin of XRP is down by -1.87 and currently trading at $0.45. Additionally, Cardano reached $0.42 after seeing a decline of -0.04% in value.
These events indicate that the market is heading in a downward direction for short term. At this moment, a general negative dip can being seen throughout the crypto market.

BitTorrent-New Support and Resistance

Support and resistance are important technical indicators used to identify key price levels where the trend can change direction. Support is a level at which buyers become more active and stop the coin's price from falling any further. Similartly, Resistance is a level at which sellers become move active and stop the coin's price from moving higher.
Following are the support and resistance levels of BitTorrent-New (BTT)

BTT Resistance Levels BTT Support Levels
Resistance Level 1 $0.00000100 Support Level 1 $0.00000100
Resistance Level 2 $0.00000100 Support Level 2 $0.00000100
Resistance Level 3 $0.00000100 Support Level 3 $0.00000100

BitTorrent-New Performance

The current BitTorrent-New price is $0.00000078, with a trading volume of $17,985,796.00 in the past 24-hours. Currently, BTT is down by -0.43% since yesterday with a market capitalization of $731,303,175.00 USD.

BitTorrent-New Price Analysis

BTT price analysis for 03 October 2022 within a daily time frame explained below. we use Relative Strength Index(RSI), Moving Average Convergence and Divergence (MACD), Support levels, Resistance levels, different time period moving averages including Simple Moving Average (SMA) and Exponential Moving Average (EMA) to analyze the future movement of the BitTorrent-New.

Moving Averages Price Indicator
Simple Moving Average (10) 0.00000100 Sell
Exponential Moving Average (10) 0.00000100 Sell
Simple Moving Average (20) 0.00000100 Sell
Exponential Moving Average (20) 0.00000100 Sell
Simple Moving Average (50) 0.00000100 Sell
Exponential Moving Average (50) 0.00000100 Sell

The BitTorrent-New has break all its supports levels and things are not looking good for the crypto market. Currently, bears are in control of the market and successfully take BTT price below the crucial support level of $0.00000100. While BTT’s Williams %R indicator is at 0 for the 14-day time period indicating a overbought condition and short term trend price correction is possible. The BTT/USD Moving Average Convergence and Divergence (MACD) indicator is indicating a short-term sell signal as the MACD line is moving below Signal Line Which means bears are dominating in the market.

Conclusions

BitTorrent-New is now experiencing a significant bearish trend, this does not necessarily imply that the cryptocurrency is in any type of precarious situation that cannot be rectified. Even if the price is falling steadily, it is anticipated that the two support levels will serve as strong barriers and cause the trend line to rebound back into the positive zone.