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BitTorrent (BTT) Hits New ATH With 250% Price Boost

BitTorrent (BTT) Hits New ATH With 250% Price Boost
  • BitTorrent hits the new ATH price of $0.0019
  • BTT has increased drastically to over 250% in the past 24-hours.
  • Moreover, the BTT surge is due to the bullish price performance of TRON.

BitTorrent (BTT) cryptocurrency has increased drastically to over 250% in the past 24-hours. The BTT surge is due to the bullish price performance of TRON.

BTT is a TRC-10 utility token that is compatible only with the TRON blockchain. Moreover, the TRON foundation acquired the BTT platform in 2018, but the project could not kickstart under its network until 2019. Is BTT a good investment in 2021? Let’s find out in this BTT price analysis 2021 article.

BTT Price Analysis

BitTorrent breaks its record as it hits an ATH price of $0.0019, a high record since May 2019. Moreover, TRON’s bullish trend is one factor to consider in triggering the price boost of BTT. As a result, investors around the globe are now closely monitoring the progress of the controversial cryptocurrency.

In terms of trading volume, BTT trades an average of $2.24 billion per day. More so, the crypto trades at exchanges such as DigiFinex, OKEx, Binance and many more. Hence, traders have more options to liquidate and trade their BTT tokens.

According to CoinGecko, the BTT price is at $0.0017 at the time of writing.

BTT Uptrend position
BTT Uptrend position (Source: TradingView)

The graph above displays how BTT maintains its uptrend position against the crypto world’s wild market swings. Also, the chart above shows how BTT boosted its price from $0.00039 on February 2, 2021, to $0.001 on February 8, 2021. For this reason, the BTT coin has achieved an increased rate of over +360%, a rate level favored by investors.

Currently, BTT reached a high price of $0.0018 with a growth rate of +250% in the past 24 hours. If this trend continues, the price of the crypto might go beyond its $.002 resistance level. If it does, BTT might have the chance to reach the bullish price of $.003. Of course, there is a big chance that this will happen if the investors continue to put their faith in BitTorrent.

Meanwhile, the relative strength index (RSI) of the crypto is already at its overbought state. For this reason, traders, especially scalp and day traders, must trade with caution to avoid price reversal risk.

Disclaimer: The views and opinions expressed in this article are solely the author’s and do not necessarily reflect the views of CoinQuora. No information in this article should be interpreted as investment advice. CoinQuora encourages all users to do their own research before investing in cryptocurrencies. 

Crypto trading has enticed Ananthi Reeta to write for CoinQuora. She consistently contributes news and feature articles. She has covered several different blockchain and crypto niches, especially altcoins.