BITTORRENT Price Prediction Today: Daily (BTT) Value Forecast – July 14
- BitTorrent market worth is being pull-down towards a reduction point of $0.001 mark.
- The bears’ market overbearing point seems to have achieved at $0.0014 mark.
BTT/USD Long-term Trend: Bearish
- Distribution territories: $0.0016, $0.0018, $0.002
- Accumulation territories: $0.0008, $0.0006, $0.0004
On July 7, the BTT/USD market featured a bullish candlestick with top shadow. On the following day, July 8, the pair’s trading candlestick formed a bearish outlook with a top shadow making it double tops of the market. Meanwhile, the US dollar in the long run of the crypto-market took advantage of the second bearish candlestick to pull-down the crypto’s price value towards a reduction point of $0.001 mark on July 11.
There a small separating space between the indicators. The 50-day SMA is situated over the 14-day SMA as they are a bit below $0.0014. The Stochastic Oscillators have freshly dipped into the oversold zone to signify the need to exercise caution while placing a position in this market.
The interception of the bigger SMA trading indicator by the smaller SMA has shown that there may be more downturns in this crypto-market in near time. The bears’ market overbearing point seems to have achieved at $0.0014 mark. Therefore, it will be so much difficult for the bulls to breakout the point easily in the subsequent attempts to push past and sustain it.
The views and opinions expressed here do not reflect that of BitcoinExchangeGuide.com and do not constitute financial advice. Always do your own research.