BTT or BitTorrent Token is unstoppable in its bull run, breaking ATH 3 times in a single month. In a volatile market, the BTT prices are registering new highs. The token is also holding the higher levels, unlike other currencies. Its new ATH is $0.006018 as of April 2, 2021.
The official handle of BitTorrent Inc. on Twitter announced the surge in the price and hitting the New ATH.
BTT Price Analysis
The BitTorrent token(BTT) price has been volatile since March and looks like BTT is all set to carry the bullish momentum into April. Since then, it has continuously maintained its bull levels. The BTT price rocketed to $0.006018, with a 12.56% increase. It is also the ATH level of the currency.
The 30 minutes chart monthly chart shows that the consolidation has started after the major jump and appears to be bullish. It appears that the HODLers want to continue HODLing the BTT. This will lead to a further jump in the prices.
The support levels may get formed at $0.0055 and $0.0052 if the profit booking prevails. It should not impact the price much as the crypto markets are extremely bullish in general.
While penning this article, BTT was trading at $0.005916, just short of the ATH levels with a 10% jump from the last 24 hours. The likely resistance level is going to be $0.006. With this rise, BTT boasts a market capitalization of $5,871,144,381 with the current supply of 989,980,422,741 BTT. The trades of the last 24 hours exceeded $2,525,828,657 in value with an increase of 4.81%.
The RSI levels crossed 70 indicating an overbought zone, but at present, it is at 67. MACD also suggests bullish momentum with the rise. This consolidation will be a clear indication that if the currency sustains over $0.0056 levels for the next week, an upside momentum will follow.
The Fibonacci charts indicate the consolidation levels at 0.618 and hence it will serve as a buy level for investors. It will also be interesting how the investors react to this rise, as many of the long time investors may start booking profits.
Resistance: $0.006
Support: $0.0055, $0.0052
RSI(14): 67
MACD: Bullish
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Source: https://coinpedia.org/price-analysis/bittorrent-token-btt-price-may-hit-1/
