BitTorrent (BTT) Price Analysis: Bulls Aiming for Higher Targets as the Market Sentiment Turns

BitTorrent [BTT] was starting to trend upward, and the range broke out toward the end of August. Since then, it has retraced back into the range formation

BitTorrent token (BTT) price action showed bullish signs despite a retracement into a range formation. High trading volume and Fibonacci levels pointed toward further gains.

BitTorrent (BTT) price analysis for the past week showed a bullish trend. The BTT token began the week in a range formation, with prices trading between $0.0000007 and $0.0000009.

However, the token started the week on a bullish note, with prices breaking out of the range formation on August 22. The breakout was followed by a four-day rally that saw BTT token prices surge by 35.5%, reaching a high of $0.00000105 on August 25.

From there, BTT token prices retraced back into the range formation. The retracement found support at the 61.8% Fibonacci level ($0.00000082), and prices began to consolidate within the range once again.

Despite the retracement, the bullish outlook for BTT token remained strong. The high trading volume during the rally and the Fib levels suggested that another move higher could be on the cards.

Moreover, bullish Bitcoin (BTC) price action would also aid BTT token, given its correlation with the broader cryptocurrency market.

BTT token prices began the week showing signs of bullish momentum, with prices breaking out of a range formation on August 22. The breakout was followed by a four-day rally that saw BTT token prices surge by 35.5%, reaching a high of $0.00000105 on August 25.

From there, BTT token prices retraced back into the range formation. The retracement found support at the 61.8% Fibonacci level ($0.00000082), and prices began to consolidate within the range once again.

Despite the retracement, the bullish outlook for BTT token remained strong. The high trading volume during the rally and the Fib levels suggested that another move higher could be on the cards.

Moreover, bullish Bitcoin price action would also aid BTT token, given its correlation with the broader cryptocurrency market.

The BTT token price analysis on the 3-day chart was bullish. BitTorrent token prices saw a strong breakout from a range formation on August 22.

The breakout was followed by a four-day rally that saw BTT token prices surge by 35.5%, reaching a high of $0.00000105 on August 25. From there, BTT token prices retraced back into the range formation.

The retracement found support at the 61.8% Fibonacci level ($0.00000082), and prices began to consolidate within the range once again.

Despite the retracement, the bullish outlook for BTT token remained strong. The high trading volume during the rally and Fib levels suggested that another move higher could be on the cards.

Moreover, bullish Bitcoin price action would also aid BTT token, given its correlation with the broader cryptocurrency market.

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