BitTorrent Price Prediction 2023-2030: Will BTT Price Hit $0.0000013 Soon?

• Bullish BTT price prediction ranges from $0.0000006224 to $0.0000010598.
• BTT price might also reach $0.0000013 this 2023.
• BTT’s bearish market price prediction for 2023 is $0.0000006224.

BitTorrent is a utility project for file storage that is owned by Tron founder Justin Sun. It is a TRC-20 token. Its native token is denoted by BTT.

BitTorrent investors are bullish on the token since it has had a return on investment (ROI) of over 6.88 times in the past 2 years. The crypto bubble of 2021 led to an increase in the price of BTT to its present all-time high (ATH) of $0.000003054 which was attained in January 2022. Irrespective of the recent crypto winter, BTT investors are confident that the future of BTT is bullish.

If you are interested in the future of BitTorrent (BTT) and would want to know the price analysis and price prediction of BTT for 2023, 2024, 2025, 2026, up to 2030, keep reading this Coin Edition article.

What is BitTorrent (BTT)?

BitTorrent is a software firm for file storage that was bought in July 2018 by Tron founder Justin Sun for $140 million. The native token of BitTorrent is BTT which is used to pay for services. BTT was launched through the Binance Launchpad to raise funds in 2019.

BitTorrent serves as a peer-to-peer platform for sharing of files and uTorrents. This is achieved by the use of the BitTorrent File System (BTFS) a decentralized file system that allows contents to be shared with others through its protocol. The BTFS protocol works efficiently due to the presence of user nodes that are powered on Delegated Proof of Stake (DPoS) consensus mechanism.

Some of the top features of BitTorrent that supports decentralized applications (DApps) are the BitTorrent web which enables users to play files while it is downloaded, uTorrent Classic which is a desktop version for advanced users of BitTorrent, and the uTorrent web that enables users to download any kind of files.

Some of the top decentralized applications that are present on BitTorrent include Drive, BitTorrent File System (BTFS), and BitTorrent Speed. Users that download files can seed BTT to uploaders so that they can provide more bandwidth for them. This increase ensures that the speed of file download is increased.

BitTorrent (BTT) Current Market Status

The maximum supply of BitTorrent (BTT) is unknown while its total supply is 990 billion BTT according to CoinMarketCap. At the time of writing, BTT is trading for $0.0000007243 which represents a 24 hours decrease of 2.47%. The trading volume of BitTorrent in the past 24 hours is $15,230,986 which represents a 13.68% increase.

Some of the top cryptocurrency exchanges for trading BitTorrent (BTT) are Binance, Kucoin, Huobi Global, Gate.io, and others.

Now that you have known what BTT is and its current market status, we shall discuss the price analysis of BitTorrent (BTT) for 2022.

BitTorrent (BTT) Price Analysis 2023

Currently, BTT is ranked in the 63rd position on CoinMarketCap. Will developments and upgrades within the BitTorrent community lead to rising in the price of BitTorrent (BTT)? We shall see this in this Coin Edition price analysis 2023 article.

BitTorrent (BTT) Price Analysis – Keltner Channel

Keltner Channel is a technical analysis indicator that is used to determine trend directions by measuring the volatility above or below the candlesticks. From the Keltner Channel signals for BitTorrent (BTT), it could be seen that the present bullish run could continue since the recent candlesticks are within the first half of the chart from the top. Also, since the last candlestick is bearish, the present decrease in the price of BTT might be sustained before any reversal would be expected.

BitTorrent (BTT) Price Analysis – Relative Strength Index

The Relative Strength Index (RSI) is a technical analysis indicator that measures the relative momentum in the magnitude and speed of recent price changes of an asset to deduce if it is an oversold or overbought asset. The RSI value of BitTorrent (BTT) 1-day chart of BTT/USDT is at 59.17.  This shows that BTT is showing a strong trend since it is not between 30 and 50. This value could trigger a further bullish run if more buyers could be attracted to gain from the expected price increase to the 70 RSI value, which is the strong overbought region.

BitTorrent (BTT) Price Prediction-Moving Averages

The chart above shows the 1-Day chart of BTT 200-day and 50-day Moving Average (MA). Presently, BTT is on a bearish trend as indicated in the recent downtrend. However, since the 200-MA is above the 50-MA, we can deduce the price is bearish for short-term hodlers. 

But, since the gap between the moving averages is wide and above the recently formed candlesticks, the price of BitTorrent (BTT) might experience a big rise or fall in the future.

BitTorrent (BTT) Price Prediction 2023

By looking at the daily chart of BTT/USDT, the BTT price was swinging from $0.0000008585 to $0.0000006145 after touching the support levels of $0.0000006145 and $0.0000006292. It reversed from the support level of $0.0000006145 and now going inside a symmetrical triangle. If BTT breaks from one side of the triangle, traders can take their entry. 

Meanwhile, our long-term BTT price prediction for 2023 is bullish since it cannot break the present support level soon. We can expect BTT to reach $0.0000010696 in 2023.

BitTorrent (BTT) Price Prediction – Resistance and Support Levels

This bearish chart shows that the price of BTT has decreased by 9.72% in the past 24 hours. If this price decrease reverses, BTT could break the $0.0000008320 resistance1 level and move higher to $0.0000010696l, and even higher, the bullish signal for 2023.

However, if sellers have their way, the price of BTT might be dethroned from its present uptrend position. In simpler terms, BTT might trend below the $0.0000006224 support2 level, and even lower in 2023, a bearish signal.

BitTorrent (BTT) Price Prediction 2024

BitTorrent (BTT) price could hold the support level around 200-MA, the long-term moving average of 200 days firmly, buyers will then have ample time and stability to forge the next attack mission on the vital level at $0.0000014684, making it not plummet but play consistently. Additionally, this could only be possible if BTT breaks through past psychological resistance levels.

BitTorrent (BTT) Price Prediction 2025

BitTorrent (BTT) prices might grow past $0.0000018726 during the next three years. Furthermore, hitting this level might not be so tough for BTT due to new medium, short-term, and long-term price objectives for purchase or sell orders may be discovered. 

BitTorrent (BTT) Price Prediction 2026

BitTorrent (BTT) prices might grow past $0.0000028396 during the next four years. Furthermore, hitting this level might not be so tough for BTT due to a w medium, short-term, and long-term price objectives for purchase or sell orders may be discovered. 

BitTorrent (BTT) Price Prediction 2027

BitTorrent (BTT) prices might grow past $0.0000040307 during the next five years. Furthermore, hitting this level might not be so tough for BTT due to a w medium, short-term, and long-term price objectives for purchase or sell orders may be discovered. According to the forecast, BTT has a strong chance of reaching a new all-time high (ATH) price.

BitTorrent (BTT) Price Prediction 2028

BitTorrent (BTT) prices might grow past $0.0000054218 during the next six years. Furthermore, hitting this level might not be so tough for BTT due to a w medium, short-term, and long-term price objectives for purchase or sell orders may be discovered. According to the forecast, BTT has a strong chance of reaching a new all-time high (ATH) price.

BitTorrent (BTT) Price Prediction 2029

BitTorrent (BTT) prices might grow past $0.0000072069 during the next seven years. Furthermore, hitting this level might not be so tough for BTT due to a w medium, short-term, and long-term price objectives for purchase or sell orders may be discovered. According to the forecast, BTT has a strong chance of reaching a new all-time high (ATH) price.

BitTorrent (BTT) Price Prediction 2030

BitTorrent (BTT) prices might grow past $0.0000092320 during the next eight years. Furthermore, hitting this level might not be so tough for BTT due to a new medium, short-term, and long-term price objectives for purchase or sell orders may be discovered. According to the forecast, BTT has a strong chance of reaching a new all-time high (ATH) price.

BitTorrent (BTT) Price Prediction 2040

According to our long-term BitTorrent price estimate, BitTorrent prices could reach a new all-time high this year. If the current growth rate continues, we could anticipate an average price of $0.000022156704 by 2040. If the market becomes bullish, the price of BitTorrent may increase beyond our 2040 forecast.

BitTorrent (BTT) Price Prediction 2050

According to our BitTorrent forecast, the average price of BitTorrent in 2050 might be above $0.0000487447488. If more investors are drawn to BitTorrent between these years, the price of BitTorrent in 2050 could be far higher than our projection.

Conclusion

As said above, BTT might reach $0.0000010792 in 2023 and $0.0000092320 by 2030 if investors have decided that BTT is a good investment along with mainstream cryptocurrencies like Bitcoin and Ethereum.

FAQ

Disclaimer: The views and opinions, as well as all the information shared in this price prediction, are published in good faith. Readers must do their own research and due diligence. Any action taken by the reader is strictly at their own risk. CoinEdition and its affiliates will not be held liable for any direct or indirect damage or loss.

More Crypto Price Predictions:

Post Views: 1,000