- BTT price prediction for 2021-2022 is up to $ 0.007
- BTT bearish market price prediction for 2021 is $ 0.0009
This article on BTT price prediction 2021 is based on technical analysis alone. Below you can see the most important key figures that we have taken into account in our BTT price analysis and forecast.
BitTorrent (BTT) is one of the most active cryptocurrencies that has taken the crypto world by storm this year. Specifically, the crypto was able to achieve an all-time high of USD 0.01426 on April 5, 2021. This amazing feat by BTT enables the network to attract crypto investors all over the world.
Aside from its aggressive performance this year, BTT is also enabling its users to earn more BTT tokens. In particular, the network rewards its users with BTT tokens by simply allowing seeding after each download of a torrent file. Best of all, all of the reward tokens earned by seeding the torrent file are automatically saved in the user’s wallet.
In this BTT Price Analysis and Price Prediction, we take a look at BTT’s performance when it hits $ 0.005. Before that, though, let’s learn more about what BitTorrent (BTT) is and its current position in the crypto market.
What is Bit Torrent Token (BTT)?
BitTorrent Token (BTT) is a TRON TRC-10 cryptocurrency introduced by BitTorrent Inc. It is intended to act as a transaction mechanism between service providers and BitTorrent customers. With the combined blockchain technology from TRON and BitTorrent, BTT was able to increase its token mass acceptance. This enabled the BTT network to gain over 100 million users.
The BTT network and TRON shared the vision of a decentralized internet without barriers. This vision enables content creators and providers to directly connect and earn BTT tokens without the deduction of middlemen or brokers.
For all traders and investors interested in BTT tokens, the tokens can be bought on various crypto exchanges. For example, Binance, KuCoin, OKEx, Bittrex, and Huobi, to name a few.
Regarding the BTT token, the crypto can be used as a payment for faster download speeds. On the other hand, traders and investors can use their BTT tokens in various crypto platforms to get more profit while holding the token.
BTT current market status
BTT is still one of the most aggressive cryptocurrencies today. According to CoinGecko, the BTT price is $ 0.00407126. It is noteworthy that BTT was able to record an increase rate of almost + 5.1% in the last 24 hours. Because of this, BTT’s reputation is growing not only within the TRON network, but also throughout the crypto network.
In relation to its market position, BTT market capitalization is nearly $ 2,680,543,080 with a 24-hour trading volume in excess of $ 1,268,655,996. This makes the crypto one of the 60 best cryptocurrencies in CoinGecko. With all of these achievements, we can say that BTT has come a long way over the years in developing its technology.
Now that you already have an idea of what BTT cryptocurrency is, do you think BTT is a good investment this year? If you are already excited about it, come and let’s read this BTT price analysis and price prediction article together.
BitTorrent price analysis 2021
So far, BTT has defended its market position well against the wild volatility of the bear market. Is it enough to convince global investors that BTT can rise this year and be profitable crypto?
Are you interested in it yet? So what are you waiting for Join me and let’s see the charts together in this CoinQuora price analysis.
BTT / USDT chart descending channel trend pattern (source: TradingView)
In the above chart, which is set to a daily timeframe, we can see the trending pattern of the descending channel. A descending channel is the price movement that occurs through a sloping parallel line downward. In addition, the chart shows the lower highs and lower lows from this price pattern. In addition, this pattern represents a short-term downtrend.
As shown above, BTT turned from its bearish to upward trend earlier this month. This is the result of the high volume of trading that took place during this period.
Bit torrent (BTT) – RSI
Additionally, the Relative Strength Index (RSI) is at 62, which means that BTT is in an almost oversold state. This can lead to a course reversal at any time.
Let’s also look down for BTT’s Simple Moving Average (SMA) and Exponential Moving Average (EMA).
BTT is one of the potential cryptocurrencies this year. Since the beginning of 2021, the price of BTT has seen many upward movements that are higher than the previous one. Even more, fluctuations and corrections follow immediately.
BTT price prediction 2021
BTT currently ranks 50th on CoinGecko. Would the market performance be enough for BTT to maintain its bullish position in 2021? Are you excited to see the results? Well what are we waiting for? Let’s get to the bottom of things in this BTT price prediction 2021.
BTT / USDT Price Chart (Source: TradingView)
In the short to medium-term scenario for our BTT price forecast 2021, BTT has to break through the retracement level at USD 0.007. To do this it needs to get more support at the Fib level at $ 0.002. If not, bears could gain the upper hand and drag BTT into their territory.
Meanwhile, our long-term BTT price prediction for 2021 is bullish. In addition, there is a high likelihood of hitting a new all-time high this year. However, this will only happen if it overcomes a number of psychological obstacles.
BTT price prediction 2022
If this uptrend continues, BTT will hit $ 0.0095 by the end of 2022. In addition, the first half of 2022 will see rapid growth up to $ 0.01. Then that increase will slow down, but no major declines are expected. With upcoming partnerships and developments hitting $ 0.0095 this is fairly bullish on pricing, but undoubtedly doable for the near future.
BTT price prediction 2023
The price of BTT can even reach great heights, but it reaches $ 0.015. Furthermore, this is only possible if the market maintains its uptrend. Besides, only if the cryptocurrency BTT breaks through the psychological resistance level.
BTT price prediction 2024
If there are further upgrades and developments in 2024, BTT price forecasts and project forecasts may change. In addition, these can increase the price of BTT. We can say that the price can still become bullish and soar to around $ 0.025.
BTT price prediction 2025
BTT prices could rise as high as $ 0.035 over the next four years. Achieving this level should not be so difficult for BTT, however, as additional medium, short and long-term price targets for buy or sell orders could be found. This suggests that BTT is forecast to have a high probability of reaching a new ATH soon in the next five years.
BTT has a bright future ahead of it in 2021. Given the ongoing developments in the BTT ecosystem as well as the overall crypto marketplace, we may see BTT reach new heights.
Additionally, BTT’s bullish 2021 price prediction is $ 0.007. As mentioned earlier, it may even hit a new ATH if investors decide that BTT would be a good investment in 2021 along with mainstream cryptocurrencies like Bitcoin and Ethereum. In addition, there is a chance to hit $ 0.0095 in the latter parts of this year.
What is Bit torrent?
BitTorrent is a popular peer-to-peer (P2P) file sharing and torrent platform that has become heavily decentralized in recent years. BTT was bought by the blockchain platform TRON in July 2018.
Is Bit Torrent Legal?
Using the BitTorrent protocol to share copyrighted content created a different type of new legal problem. While the technology and related platforms are legal in many jurisdictions, law enforcement and prosecutors are trying to address this avenue of copyright infringement.
Is BitTorrent Worth Buying?
BitTorrent’s native BTT asset is a good investment in 2021. However, crypto traders and investors need to be extra careful when trading cryptocurrencies as they are extremely volatile.
Will BTT hit $ 1 in 2021?
To answer the question, yes, BTT could hit $ 1 in the coming years, but not now. To do this, BTT must be able to increase its market capitalization and keep burning its tokens.
Is BTT a good investment in 2022?
BTT is a good investment depending on how you look at it. For example, for people who frequently use µTorrent and µTorrent classic, this platform is really beneficial.
How do I buy BTT?
The tokens can be bought in various cryptocurrency exchanges. For example, Binance, KuCoin, OKEx, Bittrex, and Huobi, to name a few.
What will the BTT price be by 2022?
BitTorrent (BTT) price is expected to hit $ 0.008 by 2022.
What will the BTT price be by 2023?
BitTorrent (BTT) price is projected to hit $ 0.012 by 2023.
What will the BTT price be by 2024?
BitTorrent (BTT) price is projected to hit $ 0.025 by 2024.
What will the BTT price be by 2025?
BitTorrent (BTT) price is projected to hit $ 0.05 by 2025.
Disclaimer: The views and opinions expressed in this article are solely those of the author and do not necessarily reflect the views of CoinQuora. No information in this article should be construed as investment advice. CoinQuora encourages all users to do their own research before investing in cryptocurrencies.