BitTorrent Chart Analysis
BitTorrent (BTT) continues to be in a significant downtrend and has not made it above our resistance line yet. Currently, we are at about $0.00226 and a market cap of about $1.46 billion.
On the 4H chart we can see the trading volume has been decreasing since the ATH. Meanwhile, we continue to have falling prices and are now pretty much at the bottom of our support box.
In the RSI (Relative Strength Index) we can see a slight bullish divergence (lower low in the chart/higher high in the RSI). All indications are that a big move is coming in the next few days.
Also on the BTT/BTC daily chart, BTT is at the bottom of our support box. Here you can also see the falling volume in the RSI and trading volume. Currently we are at about 0.00000007.
It is important that this support box is not undercut or that we do not end several days below this support zone. Otherwise, a drop into the area of 0.00000004 BTC could follow.