BitTorrent in the last weeks had dropped its value considerably, however, in the last 24 hours, BTT embarked into the recovery mode. With mostly lateral trading, BTT had finally managed to register a 2.2% upward jump in prices. The coin was priced at $0.0026 at the time of writing. The immediate price ceiling for the coin was at $0.0030.
BTT/USD Four-Hour Chart
In the last two weeks, BTT’s bulls had attempted to move north, but it was rejected a couple of times at the 38.2% Fibonacci level. Further loss in the momentum would push the coin further down below the long-standing support line of multiple weeks at $0.0022. The coin at the moment appreciated in value, however, near term technicals were yet to reflect that fully.
The Relative Strength noted an uptick, but the selling pressure continued to dominate in the market as the indicator continued to favour the bears. MACD however, displayed a change of scenario as the green signal bars were visible at press time. The Directional M
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