BitTorrent crypto has displayed an abysmal performance ever since the peak during the bull run of 2021. The cryptocurrency established its all-time high at $0.014 during April and has been declining ever since. BTT coin was immune to the bullish momentum of the market and was fast track on a downhill trend. As the crypto market trend shifted, BTT coin picked up the pace as well. At the time of writing, BitTorrent crypto stands at a price level of $0.0028. The price has increased by 10% in the daily timeframe – making it one of the current best performers. The cryptocurrency observed an increase of 36% in the weekly timeframe.
BTT coin technical analysis
The market sentiment for the BitTorrent crypto is bullish as the market trend has shifted. Twelve of the total twenty-six technical indicators are giving out an indication of buy. Eight of the rest are standing at a neutral position while six indicators are bearish with a sell signal.
The technical analysis for the cryptocurrency also hints towards bulls regaining strength. BitTorrent crypto has been trading inside a descending channel formation. The cryptocurrency moved to the lower half of the channel as bearish momentum strengthened. However, the recent positive sentiment has resulted in BTT coin moving upwards breaking the dividing trendline. If the bulls continue to overpower the bears, BTT coin can be expected to test the resistance that lies at the upper boundary of the channel.
BitTorrent crypto price prediction
BitTorrent is a leading peer-to-peer content sharing and torrent platform. The future projections for the cryptocurrency are bullish. According to the estimates of Wallet Investor, BTT is expected to be trading at a price of $0.0067 in a year’s time while the five-year price prediction is at $0.022 – a growth of more than 700%. Digital Coin Price predicts an upward trend for the cryptocurrency too. Their estimates places BTT at $0.007 in 2026. There even had been speculation about reaching $1 by the end of 2021 – which may be a tad bit too optimistic.
