The trading pair used in this analysis is BTT/USDT(₮). This pair is used since the BTT/USD pair does not exist on Binance. For our full BTT/USDT analysis, keep reading below.
On May 11, 2019, 990 billion BitTorrent Tokens (BTT) were airdropped among those who held BTT prior to this date. This was the third scheduled monthly airdrop. According to the Tron Foundation, these airdrops will continue monthly until Feb 11, 2025—through the number of BTT airdropped is expected to fluctuate annually.
We completed analyses of BTT shortly after the Mar 11 and Apr 11 airdrops. In this analysis, we have waited about two weeks to better assess longer-term price fluctuations following this current airdrop.
As seen in the graph below, the price of BTT has been steadily increasing since May 11 as seen in the graph below:

BitTorrent Token(BTT): Trends and Highlights For May 24, 2019
- BTT price reached a high of ₮0.00135 on May 21.
- A similar high was reached on May 24.
- The price is trading inside a symmetrical triangle.
- Bearish divergence has developed in the RSI and the MACD.
Short-Term Symetrical Triangle
Following a low of ₮0.00091 on May 18, BTT/USDT has been trading above an ascending support line. A descending resistance line emerged on May 21 with after a high of ₮0.00135 was reached. Since that high, BTT has been trading inside the symmetrical triangle outlined below:
BTT About to Fall?
To better assess the possibility of short-term losses, the price is analyzed alongside the RSI and the MACD below:
Short Trade Setup for BTT
Based on the position of the price within the triangle, we have identified a short setup with an average entry of ₮0.00130. The stop-loss order is placed at ₮0.00136, slightly above the May 21 highs. This is a stop loss of 4.5%. Our targets are set at ₮0.0011 and ₮0.00078 respectively.
Summary of Analysis
Based on this analysis, the price of BTT is likely to keep decreasing until it reaches the support line of the triangle. A breakdown is possible in the longer term. Furthermore, we identified two possible trade setups based on this analysis. The first is likely to be reached in the short-term; however, the second requires a breakdown and is not likely to be reached until the farther future. Do you think BTT will break down from the triangle? Let us know your thoughts in the comments below. Disclaimer: This article is not trading advice and should not be construed as such. Always consult a trained financial professional before investing in cryptocurrencies, as the market is particularly volatile.Disclaimer
In line with the Trust Project guidelines, this price analysis article is for informational purposes only and should not be considered financial or investment advice. BeInCrypto is committed to accurate, unbiased reporting, but market conditions are subject to change without notice. Always conduct your own research and consult with a professional before making any financial decisions. Please note that our Terms and Conditions, Privacy Policy, and Disclaimers have been updated.

Valdrin Tahiri
Valdrin discovered cryptocurrencies while he was getting his MSc in Financial Markets from the Barcelona School of Economics. Shortly after graduating, he began writing for several different cryptocurrency related websites as a freelancer before eventually taking on the role of BeInCrypto's Senior Analyst.
(I do not have a discord and will not contact you first there. Beware of scammers)
Valdrin discovered cryptocurrencies while he was getting his MSc in Financial Markets from the Barcelona School of Economics. Shortly after graduating, he began writing for several different cryptocurrency related websites as a freelancer before eventually taking on the role of BeInCrypto's Senior Analyst.
(I do not have a discord and will not contact you first there. Beware of scammers)
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