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.
When BitTorrent Token was first introduced to the masses, it seemed as if people were trying to obtain it as quickly as possible at any given price. Fast forward to today, and BTT fails to make any real headlines, primarily because the BitTorrent Token price has remained uber bearish since its launch. Even today, further losses are recorded, and it seems unlikely any positive changes are to be expected.
BitTorrent Token Price Remains in the Dirt
For a token which was pumped pretty hard when it initially launched, BTT failed to captivate an audience for very long.
Depending on how one wants to look at things, there is either a bull market in effect or a temporary uptrend waiting to correct itself. Nothing is ever set in stone in this odd industry. Despite some promising markets moving up all around it, the BitTorrent Token price simply isn’t budging. A peculiar trend, although it is part of the expected multi-month bear market which keeps eroding all buy support.
BitTorrent Token Price is in Trouble
Despite all of the fanfare associated with the initial sale and trading of BitTorrent Token, it is safe to say the project has not evolved as expected.
A little while ago, BitTorrent Token was launched to much fanfare.
Even though Bitcoin remains in the green, for the time being, it would appear there is some bearish pressure forming on the hourly candles.
As became apparent yesterday morning and early afternoon, the bearish pressure has regained its grip on virtually all cryptocurrency markets.
The past few weeks have not been fun for BitTorrent Token.
As all cryptocurrency markets try to find their next support level, it is only normal some projects will continue to lose value.
The Binance exchange is the biggest crypto trading platform in the world today.
Although the current BitTorrent Token momentum is not necessarily all that promising, there is no significant decline to speak of either.
As all cryptocurrencies seemingly prepare for the next leg up, a lot of interesting things will happen throughout the day.
The latest hype in 2019 is by all means BitTorrent Token ($BTT).
New projects in cryptocurrency always attract a lot of attention.