BTT Price Prediction 2021 — Will BitTorrent Hit $1 in 2021?

This BTT Price Prediction 2021 article is based on technical analysis alone. Below, you will see the key metrics that we have taken into consideration upon coming up with our BTT price analysis and prediction.

BitTorrent (BTT) is one of the most active cryptocurrencies that took the crypto world by storm this year. To be specific,  the crypto was able to achieve an all-time-high price of $.01426 last April 05, 2021. This amazing performance of BTT enables the network to attract crypto investors around the world.

Furthermore, aside from its aggressive performance this year, BTT enables its users to earn more BTT tokens. In particular, the network rewards its users with BTT tokens by simply allowing seeding after every torrent file download. Best of all, all the reward tokens earned from the torrent file seeding will autoBTTally be stored in the user’s wallet.

In this BTT price analysis and price prediction, we take a look at the performance of BTT if it will reach $0.005. But before that, let us learn more about what BitTorrent (BTT) is and its current position in the crypto market.

Overview

Cryptocurrency	BitTorrent
Ticker Symbol	BTT
BTT Price	$0.00383791
All-Time High	$0.01426
All-Time Low	$0.00387662
Market Cap	$2,528,903,612
Trading Volume	$609,421,470.42
Circulating Supply	659,952,625,000 BTT
Total Supply	990,000,000,000 BTT

What is BitTorrent Token (BTT)?

BitTorrent Token (BTT) is a TRON TRC-10 cryptocurrency launched by BitTorrent Inc. it aims to act as a transactional mechanism between service providers and BitTorrent clients. With the combined blockchain technology of TRON and BitTorrent, BTT was able to surge its token mass adoption. As a result, the BTT network was able to earn over 100 million users.

The BTT network, together with TRON, shared a vision of decentralized internet without barriers. This vision enables content creators and providers to connect and directly earn BTT tokens without any deduction from middle man or brokers.

For all the traders and investors that are interested in BTT tokens, the tokens can be bought in different crypto exchanges. For example, Binance, KuCoin, OKEx, Bittrex, and Huobi, to name a few.

Regarding the BTT token, the crypto can be used as a payment to get faster download speeds. On the other hand, traders and investors can stake their BTT tokens in various crypto platforms to earn more profit while holding the token.

BTT Current Market Status

BTT remains to be one of the most aggressive cryptocurrencies nowadays. According to CoinGecko, the BTT price is $0.0028. Notably, BTT was able to record an increased rate of almost +24% in the last 24 hours. For this reason, BTT’s reputation rises not just inside the TRON network but also in the entire crypto network.

In terms of its market standing, BTT market capitalization amounts to almost $1.85 billion with a 24-hour trading volume of over $519 million. As a result, the crypto ranks as one of the top 50 cryptocurrencies in CoinGecko. With all these achievements, we can say that BTT has come a long way in developing its technology throughout the years.

Now that you already have an idea about what BTT cryptocurrency is, do you think BTT is a good investment this year? If you are already excited to know, come, and together let us check this BTT price analysis and price prediction article.

BitTorrent Price Analysis 2021

So far, BTT has been defending its market position well against the bearish market wild volatility. Is it enough to convince the global investors that BTT can rise and be profitable crypto this year?

Are you already interested to know? Therefore, what are you waiting for? Join me and together, let us see the charts in this CoinQuora price analysis.

In the chart above, which is set in a daily time frame, we can see the Descending Channel Trend pattern. A descending channel is the price action that takes place in a downward direction through a sloping parallel line. More so, the chart shows the Lower Highs and Lower Lows from this price pattern. Moreover, this pattern represents a short-term bearish.

As shown above, at the beginning of this month, BTT turned from its bear to bull trend. This is the result of the high trade volume that occurred in that period.

BitTorrent (BTT) – RSI

Furthermore, the Relative Strength Index (RSI) is at 62, which means that BTT is in a nearly oversold state. As a result, this may lead to a price reversal at any given time.

Let us also look down for the Simple Moving Average (SMA) and the Exponential Moving Average (EMA) of BTT.

BTT is one of the potential cryptocurrencies this year. Since the start of 2021, BTT’s price has seen many bullish moves which are higher than the previous one. More so, these are followed by fluctuations and corrections right away.

BTT Price Prediction 2021

Currently, BTT holds 50th place on CoinGecko. Would the market performance be enough for BTT to maintain its bullish position in 2021? Are you excited to know the results? Well, what are we waiting for? Let’s get to the bottom of it in this BTT price prediction 2021.

In the short-to-mid term scenario for our BTT price prediction 2021, BTT has to break past the retracement level at $0.007. To do this, it has to establish more support at the Fib level at $0.002. If not, bears may gain the upper hand and drag BTT to their territory.

Meanwhile, our long-term BTT price prediction for 2021 is bullish. Even more, it has a high possibility of reaching a new all-time high this year. However, that will only happen if it breaks past a number of psychological resistances.

BTT Price Prediction 2022

If this bullish trend continues, BTT will reach $0.0095 by the end of 2022. Moreover, the first half of 2022 is going to show fast growth, up to $0.01. Then this rise will slow down, but no major falls are expected. With upcoming, partnership, and developments reaching $0.0095 is quite optimistic in the price point of view but undoubtedly feasible for the near future.

BTT Price Prediction 2023

The price of BTT can move even great heights, however reaching $0.015. Moreover, this is possible only if the market maintains its bullish trend. In addition, only if the cryptocurrency BTT breaks past the psychological resistance level.

BTT Price Prediction 2024

As per the latest upgrades, developments, BTT price prediction, and new project forecasts of the platform. Moreover, this might boost the price of BTT in the crypto market, and it will be the best investment as the price can spike and reach around $0.025.

BTT Price Prediction 2025

In the next four years, BTT prices could race up to $0.035. However, reaching this level could not be so difficult for BTT as additional medium, short-term, and long-term price targets could be found to purchase or sell orders. This indicates that BTT has a high possibility of reaching a new ATH soon in the next five years as per the prediction.

Conclusion

BTT has a bright future ahead of it in 2021. With ongoing developments happening within the BTT ecosystem, as well as in the overall crypto market, we may see BTT reach new heights.

Even more, the bullish BTT price prediction 2021 is $0.007. As said above, it may even reach a new ATH if investors have decided that BTT is a good investment in 2021 along with mainstream cryptocurrencies like Bitcoin and Ethereum. Moreover, it has a chance to reach $0.0095 in the latter parts of this year as well.

FAQ

Disclaimer: The views and opinions expressed in this article are solely the author’s and do not necessarily reflect the views of CoinQuora. No information in this article should be interpreted as investment advice. CoinQuora encourages all users to do their own research before investing in cryptocurrencies.

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Source: https://coinquora.com/btt-bittorrent-price-prediction-2021/