BTTC (BitTorrent Token) has seen a quiet but cautious trading week. As of now, the price stands at 0.00000079 USDT, marking a small drop of around 3.66%.
Technical Overview:
• Short-Term Trend: Bearish
• EMA (7-Day): 0.00000083 – Price is trading below, showing weakness.
• EMA (25-Day): 0.00000093 – Still a strong resistance zone.
• RSI (Momentum Indicator): Around 44, which is a neutral zone – neither overbought nor oversold.
Support & Resistance:
• Support Level: 0.00000070 – 0.00000075 (accumulation zone)
• Major Resistance: 0.00000121 – This level must break for a solid uptrend to begin.
What to Watch This Week:
• A breakout above 0.00000083 could signal a short-term uptrend.
• If volume increases and RSI moves above 50, we might see a rally toward 0.00000121.
• However, a drop below 0.00000070 could bring it back to the lower support near 0.00000065 or even 0.00000036.
Conclusion:
BTTC is currently in a consolidation phase. Traders should watch for a breakout above key moving averages before entering. For now, it’s best to wait and watch unless you’re accumulating for the long term.