BTT coin price shows a reversal from the $0.000001700 mark resulting in a price jump of 10%. Will the increasing trend surpass the $0.000002000 mark?

Key technical points:
<ul>
 	<li style="font-weight: 400">BTT coin price surpasses the $0.000001800 mark.</li>
 	<li style="font-weight: 400">In addition, it has increased by 10% in the last ten days.</li>
 	<li style="font-weight: 400">Finally, the 24-hour trading volume of Bittorrent is $80 Million, marking a 20% fall. </li>
</ul>
<h2>Past Performance of BTT</h2>
The BTT coin price shows a bullish reversal from the $0.000001700 mark resulting in a growth of 10% and approaching the 50-day EMA. Furthermore, the reversal might shortly challenge the resistance zone below the $0.000002000 mark. However, the Doji candlestick forming near the 50-day EMA threatens the reversal possibility. 

 <img src="https://s3.tradingview.com/snapshots/3/3GeNKAVq.png" alt="TradingView Chart" />

Source-<a href="https://www.tradingview.com/x/3GeNKAVq/">Tradingview</a>
<h2>BTT Technical Analysis </h2>
BTT coin price surpasses the daily resistance at $0.000001850, which may shortly demand a retest for further bullish continuation. Hence, the Doji candlesticks might come as a retest phase before the $0.000002000 breakout.

The crucial EMAs (50, 100, and 200) project a bearish alignment, with the price facing multiple rejections from the 50-day EMA. Hence, the price struggling to approach the EMA might demonstrate an early reversal. 

RSI Indicator: The RSI slope shows a positive recovery with the start of March 2022, as it crosses above the 50% mark from the oversold boundary. Furthermore, there is no evidence of a bearish divergence in the daily chart. 

MACD Indicator: The MACD and signal lines demonstrate a high momentum trend after the bullish crossover resulting in high-intensity positive histograms. Hence, the indicator gives a bullish signal for the token.

In a nutshell, the BTT technical analysis maintains an overall bullish view.
<h2>Upcoming Trend </h2>
The BTT coin price might surpass the 100-day EMA if buyers overthrow the sellers at the 50-day EMA and the $0.000002000 psychological mark. However, the reversal possibility with the Doji candle forming near the $0.000001900 resistance could result in a free fall to the $0.000001800 mark.

Support Levels: $0.000001800 and $0.000001700 

Resistance Levels: $0.000001900 and $0.000002000

BTT Technical Analysis: Will Buyers Break The 50-day EMA?

BTT coin price shows a reversal from the $0.000001700 mark resulting in a price jump of 10%. Will the increasing trend surpass the $0.000002000 mark?

Vikram is a technical analyst with several years of experience in the crypto market &amp; Indian Equity and F&amp;O Segment. He loves to learn anything and everything related to finance. He possesses strong technical and analytical skills, which he leverages to acquaint our audience with upcoming price trends for different coins.

BTT Technical Analysis: Will Buyers Break The 50-day EMA?

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