When will BitTorrent (BTTC) wake up?
The chart of $BTTC shows us a clear reality: we are in a phase of extreme sideways accumulation. The price moves within a very narrow range (0.00000033 USDT), reflecting low volatility but also infinite patience from the "holders".
Despite annual declines, the buy/sell sentiment is practically balanced (50.35% vs 49.65%), indicating that no one is willing to give away their tokens at the bottom.
🔑 What needs to happen to get out of the bottom?
For us to see an explosive movement, $BTTC needs to meet three key conditions:
Massive Supply Burn: With such a high total supply, more aggressive burn mechanisms or a drastic increase in the utility of the BitTorrent Chain ecosystem are required to reduce the circulating supply.
Break of Resistance with Volume: We need to see a daily candle that closes above 0.00000040 accompanied by trading volume significantly higher than the current average (which is around 537k USDT). Without volume, any rise is a "fakeout".
Storage Narrative: $BTTC must re-engage with the Web3 and decentralized storage narrative. If the infrastructure sector (DePIN) takes off, BitTorrent could be the "sleeping giant" that many are waiting for.
Are you one of those who accumulate in silence or do you think the bottom has not yet arrived? 👇
#Btttc #CryptoAnalysis #BitTorrent #BİNANCESQUARE #altcoins
