BitTorrent (BTT) Price Prediction and Analysis in March 2020

We will be looking into some of the historical price movements of the BitTorrent crypto to formulate a BTT price prediction for March 2020. BitTorrent Overview BitTorrent has been active in the file-sharing market since 2004 and offered the first widely implemented peer-to-peer technologies in the world. In 2018, BitTorrent was acquired by the Tron cryptocurrency project. Tron then created a native coin for the BitTorrent environment using the TRC-10 token standard of the TRON platform. BitTorrent users are able to use the coins to access the services of the platform. BTT is currently ranked 68th according to a market cap of $41,599,839, with a 24-hour volume of $53,692,376. The circulation supply is 212.116.500.000 BTT out of a total of 990.000.000.000 BTT. BitTorrent (BTT) Price Prediction: Analysis BTT started March at a price of $0,000362, that day maintaining a constant intraday development. The first week of March saw BitTorrent spiking regularly, reaching $0.00037 levels and even $0.00038. On March 7th, BTT peaked at a new intraday high of $0.000395, which was also the highest value of the month so far. But these gains were short-lived, as there was a pullback towards the end of the day, which brought BTT to $0,000371. The next day, BTT lost even more because of bearish pressure, closing the day at $0,000319. On March 9th and 10th, the coin struggled to keep itself above $0,000320, having minor fluctuations around this price level. On March 11th, BTT dropped below the previous major support level of $0.000320 and closed at $0,000314. March 12th saw a rapid crash of the coin, going under $0.0003 and $0.0002 support levels, reaching $0,000185, which was also its closing price. The next day, BitTorrent opened at $0,000187 and saw a minor movement towards its previous levels, managing to close above the $0.0002 level towards the end of the day. The next few days, BTT fluctuated between $0.00022 and $0.00019, struggling to keep itself above the $0.00020 level. Today, March 18th, BitTorrent is trading at a price of $0.000196, with a decrease of -2.80% in the last 24-hour period. The immediate major resistance level is set at $0.000211, and if BTT manages to get past this value, BTT might go on and increase to the next resistance of $0.000230. If it goes below the $0.00019 support, then this could trigger another bearish movement. The calculated support, pivot, and resistance levels by WalletInvestor are: Resistance Level (R3): 0.000247 Resistance Level (R2): 0.000230 Resistance Level (R1): 0.000211 Pivot Point: 0.000194 Support Level (S1): 0.000175 Support Level (S2): 0.000158 Support Level (S3): 0.000140 Developments On March 15th, it was revealed that the new BitTorrent Speed will soon be updated with multiple supports for tokens, such as BTT (BitTorrent Token), TRX (Tron), USDT (Tether), and their distribution will start in this week. BitTorrent Speed was released as an integrated app for uTorrent enabling users to earn BTT tokens when they seed torrents, including their bandwidth.

BitTorrent (BTT) Price Prediction and Analysis in March 2020

We will be looking into some of the historical price movements of the BitTorrent crypto to formulate a BTT price prediction for March 2020.

BitTorrent Overview

btt logo BitTorrent has been active in the file-sharing market since 2004 and offered the first widely implemented peer-to-peer technologies in the world. In 2018, BitTorrent was acquired by the Tron cryptocurrency project.

Tron then created a native coin for the BitTorrent environment using the TRC-10 token standard of the TRON platform. BitTorrent users are able to use the coins to access the services of the platform.

BTT is currently ranked 68th according to a market cap of $41,599,839, with a 24-hour volume of $53,692,376. The circulation supply is 212.116.500.000 BTT out of a total of 990.000.000.000 BTT.

BitTorrent (BTT) Price Prediction: Analysis

BTT started March at a price of $0,000362, that day maintaining a constant intraday development. The first week of March saw BitTorrent spiking regularly, reaching $0.00037 levels and even $0.00038. On March 7th, BTT peaked at a new intraday high of $0.000395, which was also the highest value of the month so far. But these gains were short-lived, as there was a pullback towards the end of the day, which brought BTT to $0,000371.

The next day, BTT lost even more because of bearish pressure, closing the day at $0,000319. On March 9th and 10th, the coin struggled to keep itself above $0,000320, having minor fluctuations around this price level.

On March 11th, BTT dropped below the previous major support level of $0.000320 and closed at $0,000314. March 12th saw a rapid crash of the coin, going under $0.0003 and $0.0002 support levels, reaching $0,000185, which was also its closing price. The next day, BitTorrent opened at $0,000187 and saw a minor movement towards its previous levels, managing to close above the $0.0002 level towards the end of the day.

The next few days, BTT fluctuated between $0.00022 and $0.00019, struggling to keep itself above the $0.00020 level.

Today, March 18th, BitTorrent is trading at a price of $0.000196, with a decrease of -2.80% in the last 24-hour period. The immediate major resistance level is set at $0.000211, and if BTT manages to get past this value, BTT might go on and increase to the next resistance of $0.000230. If it goes below the $0.00019 support, then this could trigger another bearish movement.

The calculated support, pivot, and resistance levels by WalletInvestor are:

  • Resistance Level (R3): 0.000247
  • Resistance Level (R2): 0.000230
  • Resistance Level (R1): 0.000211
  • Pivot Point: 0.000194
  • Support Level (S1): 0.000175
  • Support Level (S2): 0.000158
  • Support Level (S3): 0.000140

Developments

On March 15th, it was revealed that the new BitTorrent Speed will soon be updated with multiple supports for tokens, such as BTT (BitTorrent Token), TRX (Tron), USDT (Tether), and their distribution will start in this week.

BitTorrent Speed was released as an integrated app for uTorrent enabling users to earn BTT tokens when they seed torrents, including their bandwidth.

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