BitTorrent has been through continuous uptrend with a sluggish momentum after the March crash. The tremendous escalation is correctly spotted in the ongoing month. The hike in the price has lifted the expectations of the traders. However, the short-term investment seems risky with BTT token. The recent plunge is likely to stay for a while.
BitTorrent was trading around 0.0003847 USDT on August 01. The price spiked to 0.0004232 USDT on the next day but immediately returned to 0.00038 USDT. The token hovered around the same level till August 06. From the next day, the currency marked a gradual hike, and on August 10, the price touched 0.00048 USDT. However, after that, the BTT faced pullback and retested 0.00042 USDT.
Later, BTT/USDT started trading upwards with a steady movement and touched 0.0004680 USDT on August 15, but on the next day, it faced slight pullback and marked a flattish movement around 0.00046 USDT. However, in the next two days, BitTorrent price marked a sudden hike and reached 0.0005497 USDT. The currency couldn’t manage at this high, and yesterday, and it marked a sharp decline, which took the BTT price below 0.00045 USDT today. At the press time, BitTorrent marked moderate recovery and spotted at 0.000468 USDT with support from MA20 at 0.0004661 USDT. The MACD chart reflects a bullish crossover due to recent recovery. However, as per the current price trend, BTT/USDT might recovery moderately in the impending hours.