BITTORRENT Price Prediction Today: Daily (BTT) Value Forecast – July 1
- BTT/USD market has now been trading northwards out of a range.
- The BTT/USD market’s bullish momentum to the north will be holding for a while in the short-term run.
BTT/USD Medium-term Trend: Bullish
- Resistance levels: $0.0020, $0.0022, $0.0024
- Support levels: $0.0010, $0.0008, $0.0006
There were marks of higher highs than higher lows lately in a range in the range zones of the BTT/USD market. Today, July 1, the pair has been relatively pushing along with the trend-line of the Bollinger Upper Band to the north very close to a high point at $0.0016.
The 50-day SMA indicator is lying flat within ranges $0.0014 and $0.0012 marks, and the Bollinger Middle Band is now making an attempt to cross it past from below. The Stochastic Oscillators have briefly dipped past range 80 into the overbought zone.
Most of the trading indicators have shown that the bulls are very much in control of the BTT/USD market valuation currently. A strong buying wall has been established above both the SMA and the Bollinger Middle Band indicators.
BTT/USD Short-term Trend: Bullish
The BTT/USD has started rising from a low price point found at $0.00135 on the buy signal line of the Bollinger Middle Band towards averaging a high value at $0.0016 today as at the time of writing. Yesterday’s trading sessions witnessed a ranging trend outlook.
The Bollinger Middle Band trend-line has touched $0.0014 mark and is located over the 50-day SMA indicator. The stochastic Oscillators now briefly point to the north below range 80.
The BTT/USD market’s bullish momentum to the north will be holding for a while in the short-term run.Meanwhile, the bulls are still expected to push northward further past resistance at $0.0016 mark.
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