BitTorrent Cryptocurrency Rises 5% Today, But Any Moment Now There Could Be A Cooldown

Crypto News – Although the price of the BitTorrent cryptocurrency has tended to rise, some signs suggest that prices may soon stop rising and may even start to fall.

BitTorrent Cryptocurrency Rises 5% Today, But Any Moment Now There Could Be A Cooldown

As of writing, BTT is trading at $0.000001389, up 5.91% in the last 24 hours. The asset became the 48th largest cryptocurrency as its market capitalization reached $1.25 billion. Additionally, BitTorrent‘s daily trade volume increased by 95.38% to $401 million during the course of the previous day.

The Relative Strength Index (RSI) for BTT has been circling around 86, per data from the market information site Santiment. A potential price slowdown is typically indicated when the RSI indicator crosses over the 70 level.

Rally May Start If RSI Falls Below 35

After rising from $0.0000005 to $0.000001 on December 6, BitTorrent’s RSI reached 95. However, BitTorrent immediately fell to about $0.0000007. The likelihood of a price rally is significant if BTT‘s RSI drops below 35.

Furthermore, BTT‘s price volatility increased three times in the last day, from 0.03 to 0.09, according to Santiment statistics. Santiment reports that BitTorrent’s social volume increased by 140% in the last day, but the RSI indicator points to a potential price decline.