BitTorrent is one of the most popular blockchains that supports file sharing. It is also among the leading gainers in the crypto market in the past 24 hours, with these gains enabling the coin to make new monthly highs. With a bullish sentiment across the broader market still at play, BTT’s gains are expected to increase.
BitTorrent is trading at $0.00523 at the time of writing after a 17.3% gain in 24 hours.
BitTorrent Price Analysis
BitTorrent is among the best gainers in the crypto charts. The current upswing has enabled the coin to create new monthly highs, and despite the all-time high still being far away, a continuation of the uptrend could enable BTT to reclaim its April highs.
Buyer and market support are still strong; hence we could see BTT breaking past the next resistance level of $0.0055 and $0.006. These levels could be achieved if the upswing continues over the coming weeks. If BTT manages to go past $0.006, it could trigger buyer confidence, and we could see an even string bullish rally form at these levels.
On the other hand, we could also witness a downtrend if support fails. In this case, BTT will retest the lower support of $0.0045. The coin was trading at these levels before an uptrend happened in the past 24 hours.
One factor that has given the BTT token much popularity in the crypto space is its close association with the TRON network. The rapidly growing Tron ecosystem has also contributed to the growth of the BitTorrent ecosystem, hence triggering buyer support.
BitTorrent is among the few blockchains that have focused on content creation. By promoting file sharing using blockchain technology, BitTorrent is poised to increase adoption, which will positively affect BTT’s prices.
Where to Buy BTT
If you want to buy BTT, you can create a cryptocurrency exchange account on the below platforms:
eToro is a popular social copy trading platform where a new trader can copy the trading strategies of seasoned traders. The exchange supports a wide range of cryptocurrencies and trading pairs. It supports user-friendly features such as low trading fees.
You can also buy BTT from BitPanda. This is also another popular cryptocurrency exchange platform. BitPanda supports a variety of user-friendly features, and it supports a wide range of cryptocurrencies and trading pairs.
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