Disclaimer: This is not investment advice. The information provided is for general purposes only. No information, materials, services and other content provided on this page constitute a solicitation, recommendation, endorsement, or any financial, investment, or other advice. Seek independent professional consultation in the form of legal, financial, and fiscal advice before making any investment decision.
- BitTorrent is up 3.65% today against the US Dollar
- BTT/BTC increased by 2.21% today
- BitTorrent is currently trading 22.06% below our prediction on Oct 10, 2024
- BitTorrent gained 15.25% in the last month and is up 142.21% since 1 year ago
| BitTorrent price | $ 0.0000009317 |
| BitTorrent prediction | $ 0.000001 (30.15%) |
| Sentiment | Bullish |
| Fear & Greed index | 49 (Neutral) |
| Key support levels | $ 0.0000008966, $ 0.0000008736, $ 0.0000008585 |
| Key resistance levels | $ 0.0000009346, $ 0.0000009496, $ 0.0000009726 |
BTT price is expected to rise by 30.15% in the next 5 days according to our BitTorrent price prediction
BitTorrent price today is trading at $ 0.0000009317 after gaining 3.65% in the last 24 hours. The coin outperformed the cryptocurrency market, as the total crypto market cap increased by 2.66% in the same time period. BTT performed well against BTC today and recorded a 2.21% gain against the world’s largest cryptocurrency.
According to our BitTorrent price prediction, BTT is expected to reach a price of $ 0.000001 by Oct 10, 2024. This would represent a 30.15% price increase for BTT in the next 5 days.
BTT Price Prediction Chart
Buy/Sell BitTorrent
What has been going on with BitTorrent in the last 30 days
BitTorrent has been displaying a positive trend recently, as the coin gained 15.25% in the last 30-days. The medium-term trend for BitTorrent has been bullish, with BTT increasing by 20.19% in the last 3 months. The long-term picture for BitTorrent has been positive, as BTT is currently displaying a 142.21% 1-year price change. On this day last year, BTT was trading at $ 0.0000003847.
BitTorrent reached its all-time high price on Jan 20, 2022, when the price of BTT peaked at $ 0.000003. The current BTT cycle high is $ 0.000002, while the cycle low is at $ 0.0000003654. BTT has been displaying low volatility recently – the 1-month volatility of the coin is at 6.07. BitTorrent recorded 15 green days in the last 30 days.
BitTorrent technical analysis for today – Oct 05, 2024
The sentiment in the BitTorrent markets is currently Bullish, and the Fear & Greed index is reading Neutral. The most important support levels to watch are $ 0.0000008966, $ 0.0000008736 and $ 0.0000008585, while $ 0.0000009346, $ 0.0000009496 and $ 0.0000009726 are the key resistance levels.
Bullish sentiment for BitTorrent
25 indicators are currently signaling a bullish prediction for BitTorrent, while 5 indicators are showing a bearish forecast. With 83% of indicators favoring a positive prediction. This results in an overall Bullish sentiment for BitTorrent.
Crypto market is currently experiencing Neutral
Currently, the Fear & Greed index is at 49 (Neutral), which signals that investors have a neutral outlook on the market. The Fear & Greed index is a measure of sentiment among cryptocurrency investors. A “Greed” reading suggests that investors are currently optimistic about the cryptocurrency market, but can also be an indication that the market is overvalued. A “Fear” reading, on the other hand, signals that investors are currently hesitant about the cryptocurrency market, which potentially represents a buying opportunity.
BitTorrent moving averages & oscillators
Let’s take a look at what some of the most important technical indicators are signaling. We’ll be going through key moving averages and oscillators that will allow us to get a better idea of how BitTorrent is positioned in the market right now.
| Period | Daily Simple | Daily Exponential | Weekly Simple | Weekly Exponential |
| MA3 | $ 0.000000794 (BUY) | $ 0.0000009071 (BUY) | – | – |
| MA5 | $ 0.0000008438 (BUY) | $ 0.0000008822 (BUY) | – | – |
| MA10 | $ 0.0000009191 (BUY) | $ 0.0000008423 (BUY) | – | – |
| MA21 | $ 0.0000009176 (BUY) | $ 0.0000008171 (BUY) | $ 0.00 (BUY) | $ 0.0000009402 (SELL) |
| MA50 | $ 0.0000008813 (BUY) | $ 0.0000008397 (BUY) | $ 0.0000001643 (BUY) | $ 0.0000009115 (BUY) |
| MA100 | $ 0.0000008583 (BUY) | $ 0.0000009182 (BUY) | $ 0.00 (BUY) | $ 0.0000005773 (BUY) |
| MA200 | $ 0.000001 (SELL) | $ 0.0000009738 (SELL) | – | – |
| Period | Value | Action |
| RSI (14) | 49.97 | NEUTRAL |
| Stoch RSI (14) | 3.85 | BUY |
| Stochastic Fast (14) | 9.40 | BUY |
| Commodity Channel Index (20) | -66.67 | NEUTRAL |
| Average Directional Index (14) | 38.67 | SELL |
| Awesome Oscillator (5, 34) | 0.00 | NEUTRAL |
| Momentum (10) | 0.00 | NEUTRAL |
| MACD (12, 26) | 0.00 | NEUTRAL |
| Williams Percent Range (14) | -90.60 | BUY |
| Ultimate Oscillator (7, 14, 28) | 36.24 | NEUTRAL |
| VWMA (10) | 0.00 | SELL |
| Hull Moving Average (9) | 0.00 | BUY |
| Ichimoku Cloud B/L (9, 26, 52, 26) | 0.00 | NEUTRAL |
The Relative Strength Index (RSI 14) is a widely used indicator that helps inform investors whether an asset is currently overbought or oversold. The RSI 14 for BitTorrent is at 49.97, suggesting that BTT is currently neutral.
The 50-day Simple Moving Average (SMA 50) takes into account the closing price of BitTorrent over the last 50 days. Currently, BitTorrent is trading below the SMA 50 trendline, which is a bearish signal.
Meanwhile, the 200-day Simple Moving Average (SMA 200) is a long-term trendline that’s calculated by taking an average of the BTT closing price for the last 200 days. BTT is now trading above the SMA 200, signaling that the market is currently bullish.
The bottom line about this BitTorrent prediction
After considering the above factors, we can conclude that the current forecast for BitTorrent price prediction is Bullish. BTT would have to increase by 30.15% to hit our $ 0.000001 target within the next five days. Moving forward, it will be important to monitor the BTT market sentiment, the key support and resistance levels, and other metrics. However, we have to keep in mind that the cryptocurrency markets are unpredictable, and even the largest crypto assets display a lot of price volatility. For long-term BitTorrent price predictions click here.
Disclaimer: This is not investment advice. The information provided is for general purposes only. No information, materials, services and other content provided on this page constitute a solicitation, recommendation, endorsement, or any financial, investment, or other advice. Seek independent professional consultation in the form of legal, financial, and fiscal advice before making any investment decision.
Source: https://coincodex.com/article/48213/bittorrent-prediction-october-05-2024/