![BitTorrent [New] (BTT) Price Prediction 2024, 2025, 2026-2030](https://thenewscrypto.com/wp-content/uploads/2022/12/BitTorrent-_Price-prediction.jpg "BitTorrent [New] (BTT) Price Prediction 2024, 2025, 2026-2030")
- Bullish BTT price prediction for 2024 is $0.0000013289 to $0.0000019050.
- BitTorrent [New] (BTT) price might reach $0.000005 soon.
- Bearish (BTT) price prediction for 2024 is $0.0000006817.
In this BitTorrent [New] (BTT) price prediction 2024, 2025-2030, we will analyze the price patterns of BTT by using accurate trader-friendly technical analysis indicators and predict the future movement of the cryptocurrency.
TABLE OF CONTENTS |
INTRODUCTION |
|
BITTORRENT[NEW] (BTT) PRICE PREDICTION 2024 |
|
| BITTORRENT[NEW] (BTT) PRICE PREDICTION 2025, 2026-2030 |
| CONCLUSION |
| FAQ |
BitTorrent (BTT) Current Market Status
| Current Price | $0.00000113 |
| 24 – Hour Trading Volume | $57.24M |
| Market Cap | $1.09B |
| Circulating Supply | 968.24T BTT |
[TD]24 – Hour Price Change[/TD]
[TD]0.20% Down[/TD]
[TD]All – Time High[/TD]
[TD]$0.000003054 (On January 18, 2022) [/TD]
[TD]All – Time Low[/TD]
[TD]$0.0000003657 (On October 13, 2023) [/TD]
[/TR]
BTT Current Market Status (Source: CoinMarketCap)
What is BitTorrent [New] (BTT)
| TICKER | BTT |
| BLOCKCHAIN | TRON |
| CATEGORY | Descentralize File Sharing and Storage |
| LAUNCHED ON | July 2019 |
| UTILITIES | Sharing, Storage, Rewards, Staking, & Governance. |
BitTorrent[New] (BTT) is the utility token of the BitTorrent ecosystem, enabling decentralized file sharing and storage services. Built on the TRON blockchain, BTT facilitates fast, cost-efficient, and secure file transfers. It powers BitTorrent Speed, where users can earn tokens by seeding files and sharing bandwidth, enhancing download speeds. BTT is also integrated with decentralized storage solutions like BTFS (BitTorrent File System), offering secure, scalable, and decentralized file storage.
BTT supports microtransactions for a seamless user experience, driving the ecosystem’s efficiency. The token’s utility expands to staking and governance in decentralized applications. Its TRC-10 standard ensures compatibility with TRON-based wallets and dApps.
With its robust ecosystem and legacy as part of the original BitTorrent protocol, BTT bridges decentralized technologies and file-sharing networks, making it a key player in the Web3 landscape. It’s a unique blend of blockchain innovation and proven P2P technology.
BitTorrent [New] 24H Technicals
(Source: TradingView)
BitTorrent [New] (BTT) Price Prediction 2024
BitTorrent [New] (BTT) ranks 90th on CoinMarketCap in terms of its market capitalization. The overview of the BitTorrent [New] price prediction for 2024 is explained below with a daily time frame.
BTT/USDT Descending Channel Pattern (Source: TradingView)
In the above chart, BitTorrent [New] (BTT) laid out a descending channel pattern. Descending channel patterns are short-term bearish in that a stock moves lower within a descending channel, but they often form longer-term uptrends as continuation patterns. Higher prices often follow the descending channel pattern. but only after an upside penetration of the upper trend line. A descending channel is drawn by connecting the lower highs and lower lows of a security’s price with parallel trendlines to show a downward trend.
Within a descending channel, a trader could make a selling bet when the security price reaches its resistance trendline. An ascending channel is the opposite of a descending channel. Both ascending and descending channels are primary channels followed by technical analysts.
At the time of analysis, the BitTorrent [New] (BTT) price was $0.00000113. If the pattern trend continues, then the price of BTT might reach the resistance level of $0.0000012307, and $0.0000019058. If the trend reverses, then the price of BTT may fall to the support of $0.0000009654.
BitTorrent [New] (BTT) Resistance and Support Levels
The chart given below elucidates the possible resistance and support levels of BitTorrent [New] (BTT) in 2024.
BTT/USDT Resistance and Support Levels (Source: TradingView)
From the above chart, we can analyze and identify the following as resistance and support levels of BitTorrent [New] (BTT) for 2024.
| Resistance Level 1 | $0.0000013289 |
| Resistance Level 2 | $0.0000019050 |
| Support Level 1 | $0.0000009701 |
| Support Level 2 | $0.0000006817 |
BTT Resistance & Support Levels
BitTorrent [New] (BTT) Price Prediction 2024 — RVOL, MA, and RSI
The technical analysis indicators such as Relative Volume (RVOL), Moving Average (MA), and Relative Strength Index (RSI) of BitTorrent [New] (BTT) are shown in the chart below.
BTT/USDT RVOL, MA, RSI (Source: TradingView)
From the readings on the chart above, we can make the following inferences regarding the current BitTorrent [New] (BTT) market in 2024.
| INDICATOR | PURPOSE | READING | INFERENCE |
| 50-Day Moving Average (50MA) | Nature of the current trend by comparing the average price over 50 days | 50 MA = $0.0000012316Price = $0.0000011569 (50MA > Price) | Bearish/Downtrend |
| Relative Strength Index (RSI) | Magnitude of price change;Analyzing oversold & overbought conditions | 43.9848186149 <30 = Oversold 50-70 = Neutral>70 = Overbought | Nearly Oversold |
| Relative Volume (RVOL) | Asset’s trading volume in relation to its recent average volumes | Below cutoff line | Weak Volume |
BitTorrent [New] (BTT) Price Prediction 2024 — ADX, RVI
In the below chart, we analyze the strength and volatility of BitTorrent [New] (BTT) using the following technical analysis indicators — Average Directional Index (ADX) and Relative Volatility Index (RVI).
BTT/USDT ADX, RVI (Source: TradingView)
From the readings on the chart above, we can make the following inferences regarding the price momentum of BitTorrent [New] (BTT).
| INDICATOR | PURPOSE | READING | INFERENCE |
| Average Directional Index (ADX) | Strength of the trend momentum | 12.8450188933 | Weak Trend |
| Relative Volatility Index (RVI) | Volatility over a specific period | 51.97 <50 = Low >50 = High | Low Volatility |
Comparison of BTT with BTC, ETH
Let us now compare the price movements of BitTorrent [New] (BTT) with that of Bitcoin (BTC), and Ethereum (ETH).
BTC Vs ETH Vs BTT Price Comparison (Source: TradingView)
From the above chart, we can interpret that the price action of BTT is similar to that of BTC and ETH. That is, when the price of BTC and ETH increases or decreases, the price of BTT also increases or decreases respectively.
BitTorrent [New] (BTT) Price Prediction 2024, 2025 – 2030
With the help of the aforementioned technical analysis indicators and trend patterns, let us predict the price of BitTorrent [New] (BTT) between 2024, 2025, 2026, 2027, 2028, 2029 and 2030.
| Year | Bullish Price | Bearish Price |
| BitTorrent [New] (BTT) Price Prediction 2024 | $0.000007 | $0.0000005 |
| BitTorrent [New] (BTT) Price Prediction 2025 | $0.000009 | $0.0000004 |
| BitTorrent [New] (BTT) Price Prediction 2026 | $0.00001 | $0.0000003 |
| BitTorrent [New] (BTT) Price Prediction 2027 | $0.00003 | $0.0000002 |
| BitTorrent [New] (BTT) Price Prediction 2028 | $0.00005 | $0.0000001 |
| BitTorrent [New] (BTT) Price Prediction 2029 | $0.00007 | $0.00000009 |
| BitTorrent [New] (BTT) Price Prediction 2030 | $0.00009 | $0.00000008 |
Conclusion
If BitTorrent [New] (BTT) establishes itself as a good investment in 2024, this year would be favorable to cryptocurrency. In conclusion, the bullish BitTorrent [New] (BTT) price prediction for 2024 is $0.0000019050. Comparatively, if unfavorable sentiment is triggered, the bearish BitTorrent [New] (BTT) price prediction for 2024 is $0.0000006817.
If the market momentum and investors’ sentiment positively elevate, then BitTorrent [New] (BTT) might hit $0.000005. Furthermore, with future upgrades and advancements in the BitTorrent [New] ecosystem, BTT might surpass its current all-time high (ATH) of $0.000003054 and mark its new ATH.
FAQ
1. What is BitTorrent [New] (BTT)?
BitTorrent[New] (BTT) is the utility token of the BitTorrent ecosystem, enabling decentralized file sharing and storage services.
2. Where can you buy a BitTorrent [New] (BTT)?
Traders can trade BitTorrent [New] (BTT) on the following cryptocurrency exchanges such as Binance, Huobi, Upbit, Bithumb, Gate.io, KuCoin, DigiFinex, Kraken, Bitfinex, and BitMart
3. Will BitTorrent [New] (BTT) record a new ATH soon?
With the ongoing developments and upgrades within the BitTorrent [New] platform, BitTorrent [New] (BTT) has a high possibility of reaching its ATH soon.
4. What is the current all-time high (ATH) of BitTorrent [New] (BTT)?
BitTorrent [New] (BTT) hit its current all-time high (ATH) of $0.000003054 on January 18, 2022.
5. What is the lowest price of BitTorrent [New] (BTT)?
According to CoinMarketCap, BTT hit its all-time low (ATL) of $0.0000003657 on October 13, 2023.
6. Will BitTorrent [New] (BTT) hit $0.000005?
If BitTorrent [New] (BTT) becomes one of the active cryptocurrencies that majorly maintain a bullish trend, it might rally to hit $0.000005 soon.
7. What will be the BitTorrent [New] (BTT) price by 2024?
BitTorrent [New] (BTT) price might reach $0.000007 by 2024.
8. What will be the BitTorrent [New] (BTT) price by 2025?
BitTorrent [New] (BTT) price might reach $0.000009 by 2025.
9. What will be the BitTorrent [New] (BTT) price by 2026?
BitTorrent [New] (BTT) price might reach $0.00001 by 2026.
10. What will be the BitTorrent [New] (BTT) price by 2027?
BitTorrent [New] (BTT) price might reach $0.00003 by 2027.
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Disclaimer: The opinion expressed in this chart is solely the author’s. It does not represent any investment advice. TheNewsCrypto team encourages all to do their own research before investing.