BitTorrent (BTT) Declines Significantly From August 2022 Peaks!

BitTorrent (BTT) Declines Significantly From August 2022 Peaks!

future BTT prediction here.

BTT PRICE CHART

The individual candlesticks showcase more wicks on the upside than on the downside, indicating a profit booking sentiment carried over by buyers. Candle formation currently creates a negative trend since breaching the positive movement trendline on August 19, 2022.

The RSI indicator has now entered 40, but despite this indicator showcasing a negative outlook, the MACD indicator is trying for a bullish crossover. Currently, the most active resistance is seen developing at $0.00000106, while support is available at $0.00000070. There is a significant price difference between support and resistance. Hence, the price movement needs to surpass the 50 EMA to create a positive price action.

BTT PRICE ANALYSIS

The weekly candles are repeating last week’s pattern but in a positive fashion. The candlestick pattern shows profit booking at every positive attempt leading to a fall in BTT values. Currently, support is available decently below the current values. The long-term price analysis since Feb 2022 has been negative, and BTT needs to surpass the 50 and 100 EMA to trade above $0.00000130 to present a positive bias to buyers.

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Trevor Holman

Trevor Holman follows crypto industry since 2011. He joined CryptoNewsZ as a news writer and he provides technical analysis pieces and current market data. He is also an avid trader. In his free time, he loves to explore unexplored places.

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