BITTORRENT Price Prediction Today: Daily (BTT) Value Forecast – July 7
- BTT/USD market is now hovering a bit below $0.0014 price territory.
- The crypto-market has a great chance to continue ranging during the next trading sessions.
BTT/USD Long-term Trend: Ranging
- Distribution territories: $0.0016, $0.0018, $0.002
- Accumulation territories: $0.001, $0.0008, $0.0006
BTT/USD long-term market’s trend has seen a rise initially. But, now the pair has fallen into a range moving mote since July 3 until the present. The market is now hovering a bit below $0.0014 price territory.
Within the range trading zones of $0.0014 and $0.0012 marks, the 50-day SMA indicator has been slightly crossed by the 14-day SMA indicator from the top. The Stochastic Oscillators Have now closed the hairs around range 40 in a bid to seemingly continue a consolidation move.
There are three key price lines to watch out in the market valuation of BTT/USD. And, they are $0.0016, $0.0014, $0.0012 marks. The bears have a good chance of fully coming back in the market if fake breakout eventually occurs against the $0.0016 upper price line of the market. The bulls may potentially stage a come-back from a downward reversal below the $0.0012 lower market point. All in all, the current ranging trend of the crypto-market has a great chance to continue during the next trading sessions.
The views and opinions expressed here do not reflect that of BitcoinExchangeGuide.com and do not constitute financial advice. Always do your own research.