BitTorrent (BTT) Price Prediction 2024-2030: Will BTT Price Reach $0.00001 Soon?

• Bullish BTT price prediction ranges from $0.000001874 to $0.0000019342.
• Analysis suggests that BTT may also reach $0.0000020476 in 2023.
• BTT’s bearish market price prediction for 2023 is $0.0000001488.

BitTorrent is a utility project for file storage that is owned by Tron founder Justin Sun. It is a TRC-20 token. Its native token is denoted by BTT.

If you are interested in the future of BitTorrent (BTT) and would like to know the price analysis and price prediction of BTT for 2023, 2024, 2025, 2026, up to 2030, keep reading this Coin Edition article.

BitTorrent (BTT) Market Overview

What is BitTorrent (BTT)?

BitTorrent is a software firm for file storage that was bought in July 2018 by Tron founder Justin Sun for $140 million. The native token of BitTorrent is BTT, which is used to pay for services. BTT was launched through the Binance Launchpad to raise funds in 2019.

BitTorrent serves as a peer-to-peer platform for sharing files and uTorrents. This is achieved by the use of the BitTorrent File System (BTFS), a decentralized file system that allows contents to be shared with others through its protocol. The BTFS protocol works efficiently due to the presence of user nodes that are powered by the Delegated Proof of Stake (DPoS) consensus mechanism.

Some of the top features of BitTorrent that support decentralized applications (DApps) are the BitTorrent web, which enables users to play files while they are downloaded, uTorrent Classic, which is a desktop version for advanced users of BitTorrent, and the uTorrent web, which enables users to download any kind of file.

Some of the top decentralized applications that are present on BitTorrent include Drive, BitTorrent File System (BTFS), and BitTorrent Speed. Users that download files can seed BTT to uploaders so that they can provide more bandwidth for them. This increase ensures that the speed of file downloads is increased.

BitTorrent (BTT) Current Market Status

The maximum supply of BitTorrent (BTT) is unknown, while its total supply is 990,000,000,000,000 BTT, according to CoinMarketCap. At the time of writing, BTT is trading at $0.000001314, which represents a 24-hour increase of 20.20%. The trading volume of BitTorrent in the past 24 hours is $339,708,714, representing a 96.53% increase.

Some of the top cryptocurrency exchanges for trading BitTorrent (BTT) are Binance, Kucoin, Kraken, Gate.io, PamcakeSwap, and others.

Now that you know what BTT is and its current market status, we shall discuss the price analysis of BitTorrent (BTT) for 2023.

BitTorrent (BTT) Price Analysis 2023

Currently, BTT is ranked in the 78 position on CoinMarketCap. Will developments and upgrades within the BitTorrent community lead to a rise in the price of BitTorrent (BTT)? We shall see this in this Coin Edition price analysis 2023 article.

BitTorrent (BTT) Price Analysis – Bollinger Bands

The Bollinger Bands are a technical analysis tool that is used to analyze price movement and volatility. Bollinger Bands (BB) utilize the time period and the standard deviation of the price. Normally, the default value of BB’s period is set at 20. The upper band of the BB is calculated by adding 2 times the standard deviations to the Simple Moving Average (SMA), while the lower band is calculated by subtracting 2 times the standard deviation from the SMA. Based on the empirical law of standard deviation, 95% of the data sets will fall within the two standard deviations of the mean. 

Earlier, BTT was gradually falling as its value kept dropping. However, recently, the candlesticks started to surge over the market as they formed large green candlesticks. These green candlesticks crossed through several resistance levels. At the same time, the Bollinger Bands stretched significantly. The candlesticks continue to trade above the upper band, which is often viewed as an overbought condition.

BitTorrent (BTT) Price Analysis – Relative Strength Index (RSI)

The Relative Strength Index (RSI) is a momentum indicator utilized to find out the current trend of the price movement and determine if it is in the oversold or overbought region. Traders often use this tool to make decisions about when to buy or sell the tokens. When the RSI is often valued below or at 30, it is considered an oversold region, and a price correction could happen soon. Moreover, when the RSI is valued above or at 70, it is regarded as an overbought region, and traders expect the price to fall soon.

The RSI is currently valued at 86.22, which is currently in the overbought region. After the RSI made a bullish cross with the SMA, the RSI shot straight up to the overbought region. This could further confirm the theory that the recent surge may have been heavily influenced by whales, institutional investors, and buyers.

BitTorrent (BTT) Price Analysis – Moving Average Convergence Divergence (MACD)

The Moving Average Convergence Divergence (MACD) indicator can be used to identify potential price trends, momentums, and reversals in markets. MACD will make the reading of a moving average cross easier. The MACD indicator is calculated by subtracting the long-term EMA (Exponential Moving Average) indicator from the short-term EMA. Normally, the default values for the MACD are set at 12-day EMA, 26-day EMA, and 9-day EMA. Moreover, MACD is considered a lagging indicator as it cannot provide trade signals without any past price data.

Looking at the histogram, the green bars forming could be a sign of a bullish trend in the market. Moreover, the MACD continues to distance itself from the signal line, which is another bullish signal. However, it should be noted that an immediate spike in the market could also cause a price correction as part of its cycle.

BitTorrent (BTT) Price Prediction 2023

Looking at the chart above, the candlesticks, on closer investigation, were moving downward gradually. This looked like the digital asset was trading based on the falling wedge pattern. Once the final formation was completed, the candlesticks began their bullish entry into the market, as commonly seen in the falling wedge.

The power still continues to remain with the Bulls. Although there are few signals from bulls, there could be a chance that the price could continue to retrace soon, which could further lead to a price. On the other hand, if the altcoin continues to experience a massive surge, it could break through several resistance levels.

Meanwhile, the forecast for BTT remains bullish and is expected to reach beyond the level of $0.000001874. The bearish price prediction for BTT ranges from $0.0000001488 to $0.0000001076. However, on the off chance that BTT experiences an extremely bullish sentiment again, there is a high possibility that it will trade beyond the level of $0.0000020476.

BitTorrent (BTT) Price Prediction 2023 – Resistance and Support Levels

Looking at the candlesticks, the recent surge has definitely crossed through several major resistance levels, reaching a new value for this year. This may have been the effect of a greedy market sentiment observed among traders. Ideally, a price correction is expected to happen, which may clutch on several support levels in the future. However, if the bull trend continues, BTT will break through several resistance levels and aim to hit new target levels.

BitTorrent (BTT) Price Prediction 2024

There will be Bitcoin halving in 2024. Hence, we should expect a positive trend in the market due to user sentiments and the quest by investors to accumulate more tokens with the hope of gaining more profits in the future. Hence, we could expect BTT to trade at a price not below $0.000002546 by the end of 2024.

BitTorrent (BTT) Price Prediction 2025

BTT may experience the after-effects of the Bitcoin halving and is expected to trade much higher than its 2024 price. Many trade analysts speculate that BTC halving could create a huge impact on the crypto market. Moreover, similar to many altcoins, BTT will continue to rise in 2025, forming new resistance levels. It is expected that BTTs will trade beyond the $0.000003044 level.

BitTorrent (BTT) Price Prediction 2026

It is expected that after a long period of bull runs, the bears will come into power and start negatively impacting cryptocurrencies. During this bearish sentiment, BTT could tumble into its support regions. During this period of price correction, BTT could lose momentum and be way below its 2025 price. As such, it could be trading at $0.000002876 by 2026. 

BitTorrent (BTT) Price Prediction 2027

Naturally, traders expect bullish market sentiment after the crypto industry was negatively affected by the bears’ claw. Moreover, the build-up to the next Bitcoin halving in 2028 could evoke excitement in traders. As such, we could expect BTT to trade at around $0.000004918 by the end of 2027.

BitTorrent (BTT) Price Prediction 2028

As the crypto community’s hope will be re-ignited looking forward to Bitcoin halving, BTT, like many altcoins, may reciprocate its past behavior during the BTC halving. Hence, BTT would be trading at $0.000006833 after experiencing a considerable surge by the end of 2028.

BitTorrent (BTT) Price Prediction 2029

2029 is expected to be another bull run due to the aftermath of the BTC halving. However, traders speculate that the crypto market will gradually become stable by this year. In tandem with the stable market sentiment, BTT could be trading at $0.000007653 by the end of 2029.

BitTorrent (BTT) Price Prediction 2030

After witnessing a bullish run in the market, BTT and many altcoins would show signs of consolidation and might trade sideways and move downwards for some time while experiencing minor spikes. Therefore, by the end of 2030, BTT could be trading at $0.000008562.

BitTorrent (BTT) Price Prediction 2040

The long-term forecast for BTT indicates that this altcoin could reach an all-time high (ATH). This would be one of the key moments, as HODLERS may expect to sell some of their tokens at the ATH point. If they start selling, then BTTs could lose value. It is expected that the average price of BTTs could reach $0.0009862 by 2040.

BitTorrent (BTT) Price Prediction 2050

Since cryptocurrency will be revered and widely accepted by most people during the 2050s, we will see the masses believe more in it. As such, the BTT could reach $0.054662.

Conclusion

To summarize, if investors continue to show interest in BTT and add these tokens to their portfolio, then it could continue to rise. BTT’s bullish price prediction shows that it could pass beyond the $0.000001874 level. Moreover, BTT could surpass the $0.054662 level by the end of 2050.

FAQ

Disclaimer: The views and opinions, as well as all the information shared in this price prediction, are published in good faith. Readers must do their own research and due diligence. Any action taken by the reader is strictly at their own risk. CoinEdition and its affiliates will not be held liable for any direct or indirect damage or loss.

More Crypto Price Predictions:

• Apecoin (APE) Price Prediction: Will APE Reach $25 Soon?
• Quant (QNT) Price Prediction: Will QNT Price Hit $200 Soon?
• Hedera (HBAR) Price Prediction: Will HBAR reach $0.30 Soon?
• Axie Infinity (AXS) Price Prediction: Will AXS Price Hit $40 Soon?
• THORChain (RUNE) Price Prediction: Will RUNE Price Hit $10 Soon?