Technical Analysis Crypto

BitTorrent Technical Analysis: BTTC Price Swinging Within Crucial Levels, What’s Next?

BTTC Technical Analysis

BitTorrent (BTTC) Technical-Analysis for Today: 23 March 2022

BitTorrent BTTC price after a quick bounce a couple of days before is attempting to mirror the same trend yet again. The selling volume has accelerated to a large extent and hence the bears are expected to hold full control until the day’s end. In such a case, the possibility of the asset hitting the lower support close to $0.00000179 surface. 

However, a strong flip may also be ignited that could uplift the price above the pivotal levels around $0.00000190. A bullish close for the day may ignite a notable uptrend that could coil up the price towards $0.00000200 in the upcoming days. 

BTTC/USDT Technical-Analysis for Short-Term

Source: Tradingview

  • The BTTC price in the STF showcases a possibility of breaking out from the consolidation but after a couple of days
  • The asset is swinging within a symmetrical triangle after it faced rejection at $0.00000200 during the first few days of the month
  • However, the asset is believed to continue accumulating gains for another couple of days ahead and eventually attempt for a strong breakout above the pivotal zones around $0.00000197
  • The possibility of a drain is slightly less but cannot be eliminated, and in such a case, the asset may receive a huge boost if held strongly at the lower support around $0.00000170.

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The above information represent the independent views of Primestack Pte. Ltd, Neblio Technologies Pvt. Ltd, and/or their affiliate entities and are for informational & educational purposes only. The content, information or data provided above is not an offer, or solicitation of an offer, to invest in, or to buy or sell any interest or shares, virtual digital assets/ crypto products or securities, or to participate in any investment or trading strategy. Any statement or communication made above shall not be treated as a legal, financial, investment or tax advice by the reader. The calculations, data, risk-return formulations, performance or market capitalization indicators captured above are based on the independent data sourcing including collation of public information and/or analysis performed by analysts, advisors or employees of Primestack Pte. Ltd/ Neblio Technologies Pvt. Ltd and/or their affiliate companies and/or any third party. Past performance is not indicative of any future results. The reader(s) are hereby advised to consult their financial/ legal/ tax advisor(s) before making any investment.


 

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