Bullishness in BitTorrent (BTT) Persists Despite Early Bear Supremacy
- BTT’s price rose after finding support at $0.0000007232.
- If bulls hold on to the resistance level, indicators point to greater price growth in the near future.
- In order to reach new highs, bulls must exert pressure to overcome resistance.
After a prolonged bullish run that pushed prices up to $0.0000007359 (a monthly high), bulls have retaken control of the BitTorrent (BTT) market. Within the trading day, the bears were able to push the price of BTT down to its intraday low of $0.0000007232. However, at the time of writing, bulls had pushed the price of BTT up to $0.0000007289, a 0.40% gain.
With the recent price increase, BTT market capitalization rose by 0.37% to $693,373,563, signalling that bulls may be regaining ground and gradually reclaiming control of the BTT market. However, the fact that the 24-hour trading volume fell 12.22% to $12.258,672 suggests that investors should cash in their gains.
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