Bittorent surprise rally

in #bybit8 months ago

Bittorent surprise rally

Bittorent has rallied by 21% in the past 24 hours.

1000BTTUSDT.P 4h _2024-08-21_14-58-19_104b5.png

The price of Bittorent has rallied by 21% in the past 24 hours and this increase in price is linked to the rise of cryptocurrencies linked to Tron founder.
This week Justin Sun the Tron founder secured a win in His case against the Sec and He also announced the launch of a memecoin platform on the Tron blockchain, all these events are bullish for Tron and its ecosystem.

parrot X account post on Btt.png

Parrotcoin X account posted about how Bittorent price increase was undeterred by the slowdown of Bitcoin and is currently surging.

Xrp sy X account post on Btt.png

Yeah xrp_sy X is bullish on Bittorent and posted about how the price of Bittorent will rise after it finds support.

1000BTTUSDT.P 4h _2024-08-21_14-58-19_104b5.png

The price of Bittorent on the 4 hour timeframe is bullish the price is above the cloud and all the cloud indicators are all bullish.

1000BTTUSDT.P 1d _2024-08-21_14-59-10_4656f.png

Bittorent price on the 1 day timeframe is not yet bullish since the price has not broken above the cloud yet and the lagging span is not above the cloud.

1000BTTUSDT.P 1w _2024-08-21_15-00-29_31c3e.png

Bittorent price on the 1 week timeframe is bearish since the price is below the cloud and the cloud indicators are all bearish.

1000BTTUSDT.P 1month _2024-08-21_15-00-52_6aa4b.png

The conversion line is above the base line on the 1 month timeframe but the price is below the conversion line, price on the 1 month timeframe is therefore bearish.