Key takeways
- Current BitTorrent price prediction suggests that the coin’s price can increase by 30% which will take it to the $0.000002 level by end of 2024.
- By 2027, BTT may potentially achieve a peak price of $0.000008 with an average price of $0.000007.
- In 2030, the target price for BTT is between $0.000023 and $0.000027, with an average price of $0.000023.
BitTorrent is one of the most popular crypto projects among blockchain enthusiasts. Again, BitTorrent is one of the largest torrent trackers that provides information exchange, data storage, etc. According to our BTT price prediction, we expect the coin to grow in the future. It is essential to know that the general market volatility remains a crucial factor in influencing this token’s price in the future. Hence, it is advisable to trade/invest with caution. Only invest with money that you can afford to lose.
Since its launch in 2000, BitTorrent has struggled to monetize its massively popular service into a profitable investment. To that end, BitTorrent was acquired by the Tron Foundation, creators of the Tron blockchain, in 2019. The new ownership then introduced BitTorrent to the crypto market to help expand BitTorrent protocol and incentivize the volume of users or traders on the network.
Is BTT still a viable investment tool in 2024?
Overview
| Cryptocurrency | BitTorrent |
| Token | BTT |
| Price | $0.00000078 |
| Market Cap | $764,565,690 |
| Trading Volume | $21,126,404 |
| Circulating Supply | 968,246,428,571,000 BSV |
| All-time High | $0.000003054 Jan 21, 2022 |
| All-time Low | $0.0000003657 Oct 13, 2023 |
| 24-hour High | $0.00000076 |
| 24-hour Low | $0.00000079 |
BitTorrent price prediction: Technical analysis
| Metric | Value |
| Volatility | 10.43% |
| 50-Day SMA | $0.0000001019 |
| 200-Day SMA | $ 0.0000001189 |
| Sentiment | Bearish |
| Fear & Greed | 27 (Fear) |
| Green Days | 12/30 (40%) |
BitTorrent price analysis: Coin value spikes up to $0.00000078 amidst a revival
- BitTorrent price analysis confirms an uptrend.
- The coin value has spiked up to $0.00000078.
- Support is being provided at the $0.00000075 end.
The daily as well as the hourly BitTorrent price analysis for July 9, 2024, indicates signs of a growing uptrend for the day. Although the earlier week proved quite detrimental with respect to the cryptocurrency’s progression, today the circumstances remained positive. The bulls seem to have regained their strength because of the recent upside. In the past 24 hours, the coin value has successfully climbed up to $0.00000078 because of the increasing trend.
BTT price analysis 1-day chart: Bulls strive for further recovery above the $0.00000078 mark
The daily BitTorrent price analysis confirms a highly bullish scenario for the cryptocurrency today. The upward momentum has been intensifying since yesterday at a quite stable level. Because of the heightening buying pressure, the coin value experienced sufficient recovery today. Overall, the coin value has surpassed $0.00000078 because of the upward strike during the day. If we discuss the moving average (MA) indicator, then it shows a massive decline in its overall value. The indicator’s value has decreased to $0.00000080 because of the continual downside in the previous weeks.
The volatility is expanding, which is a bullish signal for the coming days. Side by side, the upper end of the Bollinger bands indicator has spiked up to $0.00000093 amidst the growing volatility, thereby indicating the resistance. Whereas, the lower Bollinger band is now situated at $0.00000075, signaling weak support levels. Lastly, the Relative Strength Index (RSI) indicator confirms the growing bullishness. Its value has improved up to index 34.33 as a result of the upturn during the last 24 hours.
BTT price analysis 4-hour chart: BTT achieves the $0.00000078 target amidst upside
The hourly BitTorrent price analysis is suggestive of an increasing price movement regarding the ongoing market events. The bulls have been reigning in the market since the earlier hours of the day, which creates an encouraging scenario for the buyers. The coin value has improved up to $0.00000078 because of the bullish sentiment in the last four hours as well. Similarly, if we talk about the moving average indicator, then it shows a descending curve on the four-hour price chart. Its value has sunk to $0.00000077 because of the downside in the past few days.
The four-hour price chart dictates declining volatility, which is a bullish signal for the coming market events. The upper Bollinger band is now situated at $0.00000081, considering the decreasing shift in volatility. Whereby, the lower end of the Bollinger bands indicator is present at $0.00000073, marking support for the cryptocurrency. The RSI graph displays a sharp bullish curve as a result of the increasing momentum. Its value has hiked up to index 46.62 because of the upturn in the last four hours.
BitTorrent technical indicators: Levels and action
Daily simple moving average
| Period | Value ($) | Action |
| SMA 3 | 0.0000008091 | SELL |
| SMA 5 | 0.0000007803 | BUY |
| SMA 10 | 0.0000008181 | SELL |
| SMA 21 | 0.0000008687 | SELL |
| SMA 50 | 0.0000001019 | SELL |
| SMA 100 | 0.0000001165 | SELL |
| SMA 200 | 0.0000001189 | SELL |
Daily exponential moving average
| Period | Value | Action |
| EMA 3 | 0.0000008407 | SELL |
| EMA 5 | 0.0000008531 | SELL |
| EMA 10 | 0.0000008763 | SELL |
| EMA 21 | 0.0000009350 | SELL |
| EMA 50 | 0.0000001049 | SELL |
| EMA 100 | 0.0000001126 | SELL |
| EMA 200 | 0.0000001090 | SELL |
What to expect from BitTorrent price analysis
The daily as well as hourly BitTorrent price analysis confirms a bullish price prediction for the day. The bulls have been on the winning side since yesterday, as the buying pressure remained higher as compared to the selling pressure. Overall, the coin value has spiked up to $0.00000078 in the last 24 hours. Moreover, the four-hour price analysis confirms a bullish scenario regarding the current market events as well.
Is BitTorrent a good investment?
The BTT crypto soared in value during the 2021 bull run. The token also dominated the market in 2022 after the launch of the BitTorrent mainnet blockchain. However, BitTorrent has seen fewer green days in the last month, but the deal is that the token is supported by a large network. The crypto use case is not a problem for BTT. In the latter part of this year (2024), a bullish rally may be expected, potentially pushing the BTT above a maximum value of $0.000002.
Why is BitTorrent down?
In the larger picture, the coin is under correction. With bearish pressure still weighing on its price action, the token has managed to rise above the oversold threshold. The coin’s RSI has also improved and entered the neutral range at 34, but the decreasing volatility is hindering a swift recovery.
Will BitTorrent Recover?
If the Relative Strength Index (RSI) score improves and reaches near index 50, it can be expected that the token price will also increase. For this to happen, increased volatility is also a requirement, which is not there to support the price action. However, it is expected that the coin will start a recovery in a few weeks.
Will BitTorrent reach $0.00001?
BTT’s immediate resistance level is at $0.0000008. In July, BTT seemed to be following the corrective route. If the broader cryptocurrency market moves in a bullish direction, BitTorrent may also follow the trend and is expected to reach the $0.00001 level by the fourth quarter of 2024 if the situation remains favorable.
Will BitTorrent reach $0.000008?
The BTT value has plummeted significantly over the past few months. The token has lost more than 81% of its value in just three months. However, the coin is expected to surpass $0.000008 by the end of 2027.
Will BitTorrent reach $1?
According to Cryptopolitan’s price prediction, BTT may not achieve the $1 level in the foreseeable future. It will take considerable time and significant growth in the coin’s market cap to reach $1, which does not seem possible under current conditions.
Does BitTorrent have a good long term Future?
BTT is a highly volatile cryptocurrency; however, the market speculates that BTT will reach a maximum value of $0.000027 by 2030. This, if it happens, counts for a more than 3300% increase, but the speculations can change at any time.
Recent News/Opinions on the BitTorrent Network
- The Liquidity of $BTT on SunSwap V2 exceeded $5.2M today.
BitTorrent price prediction July 2024
BitTorrent price prediction for July 2024 anticipates a minimum value of $0.6598 and an average price of $0.6829. The price could reach a maximum of $0.7644 during the year.
| BitTorrent price prediction | Potential low | Average price | Potential high |
| BTT price prediction July 2024 | $0.00000070 | $0.00000084 | $0.00000093 |
BitTorrent price prediction 2024
BitTorrent price prediction for 2024 anticipates a minimum value of $0.6598 and an average price of $0.6829. The price could reach a maximum of $0.7644 during the year.
| BitTorrent price prediction | Potential low | Average price | Potential high |
| BTT price prediction 2024 | $0.000002 | $0.000002 | $0.000002 |
BitTorrent price prediction 2025-2030
| Year | Minimum Price ($) | Average Price ($) | Maximum Price ($) |
| 2025 | 0.000003 | 0.000003 | 0.000004 |
| 2026 | 0.000005 | 0.000005 | 0.000005 |
| 2027 | 0.000007 | 0.000007 | 0.000008 |
| 2028 | 0.000010 | 0.000011 | 0.000012 |
| 2029 | 0.000015 | 0.000016 | 0.000018 |
| 2030 | 0.000023 | 0.000023 | 0.000027 |
BitTorrent price prediction 2025
Looking towards 2025, the BitTorrent price prediction indicates that there is potential for BTT to reach a high price of $0.000003. Meanwhile, analysis estimates the minimum value for BTT to be approximately $0.000002, with an anticipated average market price of $0.000002.
BitTorrent price prediction 2026
For 2026, the BitTorrent price prediction indicates a maximum price of $0.000005 and a minimum price of around $0.000005. The expected average market price is approximately $0.000005.
BitTorrent price prediction 2027
For 2027, BitTorrent’s price forecast suggests significant growth for BTT. It may reach a maximum price of $0.000008, reflecting a substantial increase from its current value. The minimum and average prices are projected to reach $0.000007 and $0.000007, respectively.
BitTorrent price prediction 2028
According to BTT analysis, the projected price for BitTorrent (BTT) in 2028 indicates a substantial surge, potentially reaching a maximum value of $0.000012 per BTT. The average price for BTT is expected to reach $0.000011, with no anticipated dips below $0.000010.
BitTorrent price prediction 2029
BitTorrent price prediction for 2029 indicates potential gains in the market, with a projected maximum price of $0.000018 and a minimum price of $0.000015. The average market price for BTT during this period is estimated to be approximately $0.000016.
BitTorrent price prediction 2030
According to the analysis, the projected price range for BitTorrent (BTT) in 2030 suggests a maximum value of $0.000027 by the year’s end. On the other hand, the minimum estimated price for BTT is anticipated to be around $0.000023, with an average estimated price of approximately $0.000023 also.
Cryptopolitan’s BitTorrent price prediction
Cryptopolitan’s BTT prediction for the remainder of 2024 projects a minimum price of $0.0000020 and an average price of $0.0000025. We expect BTT to reach a maximum price of $0.000029 during the year.
BitTorrent historic price sentiment
- The introduction of BitTorrent Token (BTT) to the cryptocurrency market was marred by a rather unfavorable reception. Soon after its launch in 2019, the token endured a substantial depreciation in value. As per CoinCapMarket data, BTT experienced a staggering 80% decline from its initial launch price.
- On January 31st, 2019, BitTorrent Token (BTT) debuted with a modest closing price of $0.0004, which persisted for the initial two days of trading.
- However, the subsequent month brought some respite for the token, as its value gradually rose to $0.0011 per BTT. This bullish trend persisted for a while, culminating in an all-time high of $0.01426 at the beginning of April 2019 for BitTorrent Token (BTT).
- The token faced significant challenges as it approached the final quarter of 2019. By October of that year, BTT experienced a significant decline in value, trading at 0.001.
- As the year 2019 drew to a close, the trading price of BitTorrent Token (BTT) further plummeted to $0.0003
- The year 2020 brought relatively subdued movements for the BitTorrent Token (BTT). At the beginning of the year, the token was trading at $0.0002, and gradually climbed to $0.0005 by mid-February.
- The outbreak of the COVID-19 pandemic had a detrimental impact on the token’s value, causing it to plummet to a new low of $0.00013 in March 2020.
- Following the downturn caused by the pandemic, BitTorrent Token’s value once again declined to $0.0002.
- In 2021, BitTorrent Token (BTT) underwent significant development leading to a surge in BTT’s value, reaching an all-time high of $0.01426 in April.
- However, the crypto market downturn resulted in a decline, with BTT dropping to $0.00029 and reaching a low of $0.001895 in July. The token later settled around $0.002706 by December.
- The year 2022 wasn’t any better for BTT as the coin dipped further to new lows of $0.0005126 in July.
- However, the coin had a quick and short resurgence in August 2022, reaching a peak of $0.001142, while closing the year at $0.0006352.
- At the beginning of 2023, BitTorrent Token (BTT) was valued at $0.0006551, which gradually increased to $0.0007812 by April.
- The bullish trend reversed in May, leading to a downward trajectory for BTT’s price. The token experienced some recovery in December reaching a peak value of $0.000001394.
- In January 2024, the BitTorrent Token (BTT) traded at a value of $0.0000008051 and surged to $0.00000190 on March 4.
- BitTorrent token consolidated near $0.0000015 during May 2024, while the coin started another low flight in June and is trading in $0.00000070 range on July 9.
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