Is Bitteam token (BTT) Heading the Right Direction Thursday?

Thursday, March 28, 2024 02:23 PM | InvestorsObserver Analysts

Bitteam token receives a weak short-term technical ranking of 9 from InvestorsObserver data analysis. The proprietary ranking system focuses on the recent trading patters over the past month to determine the strength of its short-term technicals. BTT has a superior recent technical analysis than 9% of tokens based on these trading metrics. Investors primarily focused on shorter term investment strategies will find this technical analysis most relevant to their goals when determining whether to invest in a particular crypto.

InvestorsObserver is giving Bitteam token a 9 Short-Term Technical Rank. Find out what this means to you and get the rest of the rankings on Bitteam token!

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Trading Analysis

Bitteam token is $0.000074 (28977.80%) above its 30-day low of $0.000000254 while -$0.000219 (-74.76%) below its 30-day high of $0.00029300. In addition, BTT's current price of $0.000073967 is under its 30-day moving average price of $0.000129918, leading to a weak short-term technical score. Overall the recent trading history of Bitteam token suggest that investors are bearish on the token at the moment. BTT has a relatively low market cap for a token with a total market value of $34,098.76. Bitteam token's relatively low market value comes as it sits under $100 million while the top 100 cryptos remain above $1 billion in market cap and the top 500 sit above $100 million. Bitteam token's average volume meanwhile is low with $22,436.90 worth of the token traded over a typical 24 hour period. BTT's volume is relatively low as the most traded 100 cryptos typically have $100 million exchanged each day and smaller cryptos tend to sit under $5 million traded over 24 hours. As of the past 24 hours, BTT's volume is below its average with $2,964.21 exchanged.

Summary

BTT's recent trading over the past month give it a weak short-term technical score as its recent price movement give traders reason to be more bearish on the token in the short-term. Click Here to get the full Report on Bitteam token (BTT).