5/18/2023 0 Comments Bittorrent token price prediction![]() When trying to predict the BitTorrent price, traders also try to identify important support and resistance levels, which can give an indication of when a downtrend is likely to slow down and when an uptrend is likely to stall. These tools can roughly be divided into indicators and chart patterns. Similarly, BitTorrent resistance levels are at $ 7.023e-7, $ 7.462e-7, and $ 7.683e-7.īitTorrent traders use a variety of tools to try and determine the direction in which the BTT market is likely to head next. Periodīased on today's classical pivot point (P1) with the value of $ 6.802e-7, BitTorrent has support levels of $ 6.363e-7, $ 6.142e-7, and the strongest at $ 5.703e-7. Traders use the trend indicator to discover short-term overbought or oversold conditions. Weekly Exponential Moving Average (EMA) PeriodĪn oscillator is a technical analysis tool that constructs high and low bands between two extreme values, and then builds a trend indicator that fluctuates within these bounds. In the table below you can find two types of moving averages, simple moving average (SMA) and exponential moving average (EMA). Moving averages are a lagging indicator which means they are based on previous price action. The purpose of a moving average (MA) is to smooth price action over a certain amount of time. Moving averages are a popular indicator in all financial markets. Popular BTT Moving Averages and Oscillators for Fri, Apr 21, 2023 Currently, the RSI value is at 55.98, which indicates that the BTT market is in a neutral position. The Relative Strength Index (RSI) momentum oscillator is a popular indicator that signals whether a cryptocurrency is oversold (below 30) or overbought (above 70). BitTorrent's short-term 50-Day SMA is estimated to hit $ 6.255e-7 by May 21, 2023. The most recent Death Cross in the Bitcoin market happened 257 days ago, on Aug 07, 2022.īased on our technical indicators, BitTorrent's 200-day SMA will drop in the next month and will hit $ 6.738e-7 by May 21, 2023. The price of BitTorrent is currently below the 50-day SMA and this indicator has been signaling SELL for the last 2 days, since Apr 19, 2023. The 200-day SMA has been signaling SELL for the last 60 days, since Feb 20, 2023. BitTorrent Predictions for years 2023, 20 Based on Tech GrowthīitTorrent is currently trading below the 200-day simple moving average (SMA). Seek independent professional consultation in the form of legal, financial, and fiscal advice before making any investment decision. No information, materials, services and other content provided on this page constitute a solicitation, recommendation, endorsement, or any financial, investment, or other advice. The information provided is for general information purposes only. Based on our BitTorrent forecast, it's now a bad time to buy BitTorrent.ĭisclaimer: This is not investment advice. BitTorrent recorded 18/30 (60%) green days with 2.26% price volatility over the last 30 days. According to our technical indicators, the current sentiment is Bearish while the Fear & Greed Index is showing 50 (Neutral). According to our current BitTorrent price prediction, the value of BitTorrent is predicted to drop by -3.67% and reach $ 6.027e-7 by April 26, 2023.
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