BITTORRENT Price Prediction Today: Daily (BTT) Value Forecast – June 17
- Observantly, the BTT/USD market's current slight upswing may as well get a pull-down to rejig around the Bollinger Middle Band of the trade.
- The overall sentiment still backs looking for a decent buy set-up of the BTT/USD market.
BTT/USD Medium-term Trend: Bullish
- Resistance levels: $0.0016, $0.0017, $0.0018
- Support levels: $0.0012, $0.0011, $0.001
The market stance of BTT/USD has been very struggling to push northward away from its ranging zone. Lately, the market’s point at $0.0013 horizontal line has been observed as the last range spot.
The Bollinger Upper Band has now been trending slowly to the north with very less price action. The 50-day SMA is located underneath the Bollinger Middle Band around the $0.0013 mark to act as the foundational price level to the current low-energy upswing of the pair to the north. The stochastic Oscillators are now dipped into the overbought zone.
There’s still possibility that this pair will encounter a strong line around the $0.0016 immediate resistance level. Meanwhile, the market may have to pull down towards or around the Bollinger Middle mostly to find good entry for the upswing movement continuation of the market.
BTT/USD Short-term Trend: Bullish
The BTT/USD market has been relatively running on an increase. The increase had been taken place since yesterday’s trading sessions to span into the present. All the trading indicators have been pointing to the north.
The 50-day SMA indicator are closely located with the Bollinger Lower Band at $0.0013 mark. The Stochastic Oscillators have dipped into the overbought zone to consolidate within it.
The bullish bias of this market is still intact in the BTT/USD market. In the main time, traders need to watch out for a decent buy set-up around $0.00135 point before considering joining the market.
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