📊 Technical analysis of BTTC/USDT – May 5, 2025

Market overview:

BitTorrent (BTTC) is currently trading around $0.00000073 USDT, showing an increase of 7.25% in the last 24 hours.

Technical context:

Key support: The area of $0.00000066–$0.00000067 has acted as significant support, backed by the 50-day moving average at $0.000000673.

Immediate resistance: The level of $0.00000075 represents an important resistance. A sustained break above this level could indicate bullish momentum.

Technical indicators:

RSI (14): It is at neutral levels, suggesting that the market is not in overbought or oversold conditions.

MACD: Shows a moderate bullish trend, although without clear signals of a significant crossover.

Possible scenarios:

Bullish: If BTTC manages to consolidate above $0.00000075, it could target the next objectives at $0.00000081, $0.00000093, and $0.00000107.

Bearish: A drop below $0.00000066 could lead the price towards the area of $0.00000063, where the next significant support is located.

Conclusion:

BTTC is in a consolidation phase within a defined range. The price action in the coming days will be crucial in determining the future direction. Traders should closely monitor the mentioned support and resistance levels to identify trading opportunities.