11/26/2022 0 Comments Bittorrent coin news![]() The BitTorrent official Twitter channel attempted to underscore the BTT’s bullish bias by announcing a flurry of development updates. While that made the pair extremely overvalued - according to its one-day Relative Strength Indicator readings, the ongoing craze in the altcoin market indicated that it would find sessional support in the short term. The BTT/USD exchange rate was still up more than 3,000 percent on a year-to-date timeframe. Play Now!īitTorrent’s downside correction did little in offsetting its long-term bullish bias. BITTORRENT COIN NEWS FREEBitTorrent, an alternative cryptocurrency, gained almost in sync with other altcoins, including Ethereum, Binance Coin, Litecoin, XRP, and others, indicating that bulls were merely riding the upside craze.ĥ BTC + 300 Free Spins for new players & 15 BTC + 35.000 Free Spins every month, only at mBitcasino. Altseasons point to a growth in digital assets that rival the top cryptocurrency, Bitcoin. Source: BTTUSD on Įxcept, one factor, the so-called altcoin season, or altseason, attempted to justify BTT’s gains to a certain degree. That would wipe out almost most of the BTT’s 2021 profits.” BitTorrent dumps more than 40 percent from its record high level. If profit-taking intensifies, BTT will fall towards the blue wave target - the 50-4H simple moving average. That could push the token towards its next downside target that lurks near its 20-4H exponential moving average (the green wave). “Traders might unload a portion of their BTT holdings to secure maximum profits. Earlier, NewsBTC has raised alarms about an absence of concrete fundamental factors that should have been backing the BTT’s price rally. The BTT/USD exchange rate crashed by more than 40 percent after setting up a record high of $0.0134, questioning catalysts that prompted BitTorrent’s explosive upside move in the first place. Traders who bought BitTorrent at its top, believing that the Justin Sun-backed token would keep on pumping, are now facing huge intraday losses. ![]()
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