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BTT Price Dips 10% Amid Resistance: Can Bulls Reclaim Momentum?

Published 12/15/2023, 07:56 PM
Updated 12/15/2023, 08:15 PM
BTT Price Dips 10% Amid Resistance: Can Bulls Reclaim Momentum?
BTC/USD
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  • BTT faces resistance at $0.00000132, dropping over 10%, but rising trading volume suggests a potential for a turnaround.

  • Indicators like RSI and MACD hint at further BTT price declines, urging caution for investors.

  • CMF positivity offers hope amid the bearish trend, indicating potential support for BTT’s price recovery.

BitTorrent (BTT) has been in a downtrend for the previous 24 hours, with a bullish effort to reverse the trend, meeting resistance at the intra-day high of $0.00000132. As a result, BTT has fallen below its support level of $0.00000120, plummeting more than 10% as of press time.

This drop in value might be related to market volatility and profit-taking by traders following BitTorrent’s (BTT) spike in value earlier in the week, which may have encouraged some traders to take profits.

According to CoinStats, BTT’s market capitalization fell by 10.07% to $1,110,421,267 during the decline, while its 24-hour trading volume increased by 14.80% to $82,531,484. The drop in the value of BTT and the fall in market capitalization might be attributed to resistance encountered at the intra-day high, leading traders to take gains and contribute to the p…

The post BTT Price Dips 10% Amid Resistance: Can Bulls Reclaim Momentum? appeared first on Coin Edition.

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