BitTorrent (BTTC) Technical-Analysis for Today: 23 March 2022
BitTorrent BTTC price after a quick bounce a couple of days before is attempting to mirror the same trend yet again. The selling volume has accelerated to a large extent and hence the bears are expected to hold full control until the day’s end. In such a case, the possibility of the asset hitting the lower support close to $0.00000179 surface.
However, a strong flip may also be ignited that could uplift the price above the pivotal levels around $0.00000190. A bullish close for the day may ignite a notable uptrend that could coil up the price towards $0.00000200 in the upcoming days.
BTTC/USDT Technical-Analysis for Short-Term
- The BTTC price in the STF showcases a possibility of breaking out from the consolidation but after a couple of days
- The asset is swinging within a symmetrical triangle after it faced rejection at $0.00000200 during the first few days of the month
- However, the asset is believed to continue accumulating gains for another couple of days ahead and eventually attempt for a strong breakout above the pivotal zones around $0.00000197
- The possibility of a drain is slightly less but cannot be eliminated, and in such a case, the asset may receive a huge boost if held strongly at the lower support around $0.00000170.
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