BITT0RRENT Price Prediction Today: Daily (BTT) Value Forecast – June 10
- The BTT/USD trade has been relatively declining in a range.
- In the short-term run of the BTT/USD market, bears appear to find an entry around the Bollinger Middle Band.
BTT/USD Medium-term Trend: Ranging
- Resistance levels: $0.0015, $0.0016, $0.0017
- Support levels: $0.001, $0.0009, $0.0008
The BitTorrent market valuation has been slightly falling in a range against the US dollar price worth. The Bollinger Bands have also equally contracted downwards below the 50-day SMA indicator’s trend-line. The market’s range spots have been marked by $0.0014 and $0.0012 horizontal marks. The Stochastic Oscillators have slowly moved into the oversold zone.
The BTT price still appears being under a selling force in a range. And, the range falling trend may continue as long as the BTT/USD market’s SMA indicator remains unbroken northwards. Meanwhile, the current range falling may soon encounter a strong price level around $0.0011 low point.
BTT/USD Short-term Trend: Bearish
Yesterday, the BTT/USD market experienced a chain of notable downward price movements. The crypto-trade started declining from a point that the Bollinger Middle Band was located to, later on, push along with the trend-line of the Bollinger Lower Band to the south.
Today’s trading sessions have been witnessing a series of lower highs near the Bollinger Middle Band’s trend-line. The Stochastic Oscillators now point to the north-east.
The bears have been finding their entry around the Bollinger Middle Band to launch back into the market. However, bears’ trap may occur at the touch of the Bollinger Lower Band. Therefore, traders should be wary of trading around its trend-line.
The views and opinions expressed here do not reflect that of BitcoinExchangeGuide.com and do not constitute financial advice. Always do your own research.
Live BitTorrent (BTT) Price:
1 BTT/USD =$0.0060 change ~ 3.14%