Whereas most of the cryptocurrency markets are still on uncertain legs right now, there is some prominent momentum to take note of as well. The BitTorrent Token price is finally mounting some sort of rise, although the momentum is not sufficient enough to convince traders this is the promising sign of a major market reversal.
BitTorrent Token Price Tries to Rise
When it comes to the different cryptocurrency markets, there is a severe reliance on Bitcoin first and foremost. Whereas the Bitcoin momentum is not necessarily all that impressive right now, it seems as if some markets are trying to take advantage at this time. BitTorrent Token falls into this category, as its current value is slowly rising.
More specifically, there is a 6.4% BitTorrent Token price gain in USD, BTC, and TRX value alike which may keep traders engaged for a little while. Because of this minor rise, one BTT is now valued at $0.000741, or 15 Satoshi. Especially this latter value fails to impress, and it may not surpass 20 Satoshi for quite some time to come.
Crypto Bids is trying to keep a positive attitude toward BitTorrent Token despite the lack of any exciting price momentum. He wouldn’t mind selling it at $0.1 per BTT at some point, although one has to keep in mind such a value will not be reached anytime soon. In fact, it might never happen, for all one knows.
Minexpert, one of the many Turkish traders making some noise on social media, has some hope for BitTorrent Token over the coming weekend. It is evident the current momentum might warrant cautious optimism, but these gains can be negated with one bearish hourly candle. Especially if Bitcoin were to slip again, BTT will come under plenty of pressure as well.
#Btt'de yükselen trendden sonra uzun süre bir alçalan takozda hareketini sürdürüyor. Bu takozun yukarı kırılması gerçekleştiğinde ve btt'nin geleceğini düşündüğümüzde bize iyi bir çıkış kapıda olabilir sinyalini veriyor. Ayrıca holo ile de oldukça benzer.#bittorent pic.twitter.com/ZZxBYymuiT
— Cihat Öztürk ツ (@CihatOzturk_) April 12, 2019
A different view is shared by Jason Taylor, who sees this as the beginning of a potential bull trend for BTT. While that attitude is somewhat understandable, BitTorrent Token has no reason to turn bullish, no matter how badly traders want to see it happen. Even so, weekends are often unpredictable, thus anything is possible.
For the time being, it remains to be seen what happens tot he Bitcoin price first and foremost. Depending on that outcome, the value of BTT may change for better or worse. It will be a very interesting weekend for most cryptocurrency markets, and BitTorrent Token will not necessarily be an exception in this regard.
Disclaimer: This is not trading or investment advice. The above article is for entertainment and education purposes only. Please do your own research before purchasing or investing into any cryptocurrency.