BITTORRENT Price Prediction Today: Daily (BTT) Value Forecast – June 24
- BTT/USD market valuation still moves in a range as depicted by both charts in the medium and short terms.
- The bears are most likely to gain the market's advantage afterward.
BTT/USD Medium-term Trend: Ranging
- Resistance levels: $0.0015, $0.0016, $0.0017
- Support levels: $0.0012, $0.0011, $0.001
BTT/USD market has been dominated by a series of ups and downs featuring in a range of around $0.0014 and $0.0013 price lines. The pair hovered around its lower range spot between June 20 and early part of trading hours on the third day.
The market has now made some levels of a swing towards the upper range spot of the market. The 50-day SMA and the 14-day SMA have now conjoined within the range zones to point to the east. The Stochastic Oscillators have briefly crossed at range 60 to suggest a slight downward movement within the range marks of the market.
Taking a closer look at the BTT/USD market, the bulls may be getting a decent entry from the lower range spot. And, the bears may be having theirs at the upper range mark especially while a false breakout occurs around the zone.
BTT/USD Short-term Trend: Ranging
The BTT/USD market’s short-term trend has been showing notable ups and down around range prices at $0.0014 and $0.0013 points. Yesterday’s trading sessions witnessed its range in less active movements around $0.0014 and $0.00135 points. All the trading indicators are located around the range spots currently. The Stochastic Oscillators have crossed at range 40 to point to the south.
The BTT/USD market’s trading zone appears to have reached its value around the $0.0014 mark. Hence, the bulls may be encountering different forms of rejection. Therefore, the bears are most likely to have the market advantage while the range movements end afterward.
The views and opinions expressed here do not reflect that of BitcoinExchangeGuide.com and do not constitute financial advice. Always do your own research.