BitTorrent (BTT) Faces Trend Reversal Level: Time To Buy At Low?

BitTorrent was already established long before the concept of blockchain was even considered. BitTorrent price is currently at $0.00362952 with a 24-hour trading volume of over 250,000,681. With a market cap of over $2.39 billion, Bitcoin Trust is a cryptocurrency that has a noteworthy supply of 659 billion coins. It is a top-10 ranked coin in terms of global popularity.

BitTorrent was created by Bram Cohen, who was the creator of the peer-to-peer protocol. Its goal was to provide a secure and reliable way to transfer files globally. Resistance is around the 200 DMA, which is currently at $0.0044. If BTT manages to cross this level, it will trigger a buying opportunity. Resistance at $0.005 will be the first major resistance for BTT to break once it reaches this level. It will be followed by the swing support at $0.004. Break of the swing support of $0.00294 will likely lead to a trend reversal and cause a sell-off at lower levels.

Anthony Gonzales

Biotech, Tech, and Crypto reporterAnthony Gonzales brings 3 years of experience in helping grassroots, mid-sized organizations and large institutions strengthen their management and resource generating capacities and effectively plan for the future. He is also a mentor and professional advisor to artists working in all disciplines. He is the gold medalist from St. Marco University of Science and Technology in the Bachelors of Financial Management as well.