BTC$61 458.98


ETH$4 082.48


Binance Coin








Bytom (BTM) Seeks the Bottom of the Retracement

Bytom (BTM) - the 70th cryptocurrency with the market capitalization of $120 million - stayed true to itself in terms of rapid price action. Those who follow our BTM price prediction know that we consider this altcoin the “swing trader’s dream” because, as shown on the yearly chart below, its price action is characterized by enormous upswings and almost equally deep troughs.

1-year BTN chart

Therefore, we see no point in analyzing Bytom’s profile of gains/losses since the coin is very volatile and could move up and down a few dozen percent in a span of a quarter. For that same reason, BTN is definitely a market worth following, especially at times when Bitcoin is tediously ranging, as if affords plenty of opportunities for profit-making in both USDT and BTC markets.

Bytom is retracing after another powerful upswing

Despite being labeled the upswing king, Bytom is trapped in the perpetual downtrend ever since the burst of the crypto bubble in 2018, which is depicted on the all-time chart below.

BTN all-time chart

The price did hit the historical low at $0,31 during the March crisis, but so far has displayed no positive signs of downtrend reversal. We used the weekly time frame to determine the most important areas of price interaction.

1-week BTN/USDT chart

The level at $0.97 serves as a magnetic point for Bytom as the price is constantly being dragged to it, even after huge upswings that tested the macro resistance. This time around, BNT got rejected at the interim resistance after another impressive 67% spike, and the current bearish weekly candle is likely to close below $0.92, which signals about the commencing retracement that usually amounts to 35% (average percentage, calculated from the last three retracements). On the basis of this assumption, as well as the fact that the Bytom retracement usually lasts for 35 days, we predict that Bytom will slide down to $0.674 by the tail end of August.

The volume analysis confirms that the bullish impulse is dying down since we see the decrease of the overall volume and the prevalence of selling activity, which always precedes the fully-fledged retracement.

Moreover, the 14-period RSI reflected the price behavior after the rejection, although we ought to notice a huge bullish divergence that has been more than a year in the making. Therefore, we can’t disregard the possibility of a multi-month position acquisition by large players that could result in the trip past macro resistance in the 4th quarter, but that would depend on multiple factors, such as the behavior of Bitcoin.

An opportunity for shorting against BTC

Speaking of the Bitcoin market, Bytom has been doing well there. In fact, the altcoin has put up the largest upswing of the year - 83% in just 11 days.

1-day BTM/BTC chart

But after reaching the peak at 1,250 satoshis, BTM went into a steep correction that is likely to drag the price down to 937 sats, the point of intense price interaction. Notice how well the divergence on the 14-period RSI had played out in this situation. The indicator should reverse at 48 that will coincide with the bulls’ reaction at 937 sats. The price action still leaves a chance for a quick short trader with entry at 995 sats and exit near the support.

Author: Alex Paulson for


Bytom (BTM): Look For the Double Spinning Top
Bytom (BTM): Look For the Double Spinning Top
Bytom (BTM) Goes Up Slowly But Steadily
Bytom (BTM) Goes Up Slowly But Steadily

Top Cryptocurrencies with Price Predictions

# Crypto Prediction Accuracy CVIX Price 24h 7d Market Cap 7d price change
1 Bitcoin (BTC) BTC Bitcoin predictions 63.6% 76 $61 458.98 1.11% 0.86% $1 158 625 753 535 BTC 7 days price change
2 Ethereum (ETH) ETH Ethereum predictions 73.6% 57 $4 082.48 2.76% 4.46% $481 915 061 527 ETH 7 days price change
3 Binance Coin (BNB) BNB Binance Coin predictions 70% 60 $482.29 0.16% 3.20% $80 446 405 900 BNB 7 days price change
4 Cardano (ADA) ADA Cardano predictions 87.6% 12 $2.16 0.70% -1.89% $71 167 764 217 ADA 7 days price change
5 Tether (USDT) USDT Tether predictions 90.8% 1 $1.000592 0.06% 0.08% $69 615 287 907 USDT 7 days price change
6 Solana (SOL) SOL Solana predictions 69.2% 55 $199.26 -3.69% 24.90% $59 943 388 956 SOL 7 days price change
7 XRP (XRP) XRP XRP predictions 71.6% 52 $1.096591 -0.01% -4.83% $51 480 920 850 XRP 7 days price change
8 Polkadot (DOT) DOT Polkadot predictions 60.4% 79 $43.95 -1.00% 3.42% $43 402 953 033 DOT 7 days price change
9 USD Coin (USDC) USDC USD Coin predictions 95.2% 1 $1.000647 0.05% 0.06% $32 532 146 411 USDC 7 days price change
10 Dogecoin (DOGE) DOGE Dogecoin predictions 72.8% 56 $0.246780 2.75% 2.73% $32 529 149 725 DOGE 7 days price change
11 Terra (LUNA) LUNA Terra predictions 69.2% 65 $43.20 0.80% 16.53% $17 346 794 216 LUNA 7 days price change
12 UniSwap (UNI) UNI UniSwap predictions 74.8% 49 $25.88 0.71% -5.55% $15 826 587 358 UNI 7 days price change
13 Avalanche (AVAX) AVAX Avalanche predictions 67.6% 65 $66.01 -2.29% 10.46% $14 541 070 585 AVAX 7 days price change
14 Chainlink (LINK) LINK Chainlink predictions 74% 49 $31.21 8.63% 10.49% $14 389 277 934 LINK 7 days price change
15 Wrapped Bitcoin (WBTC) WBTC Wrapped Bitcoin predictions 66.8% 75 $61 467.14 1.06% 0.81% $13 589 956 947 WBTC 7 days price change

Be the first to receive Cryptocurrency Price Predictions and Forecasts daily

Get cryptocurrency price predictions, forecasts with analysis and news right to your inbox.

© 2015-2021

The usage of this website constitutes acceptance of the following legal information. Any contracts of financial instruments offered to conclude bear high risks and may result in the full loss of the deposited funds. Prior to making transactions one should get acquainted with the risks to which they relate. All the information featured on the website, including information about the cryptocurrencies and bitcoin is intended solely for informational purposes, is not a means of advertising them, and doesn't imply direct instructions for investing. Crypto Rating shall not be liable for any loss, including unlimited loss of funds, which may arise directly or indirectly from the usage of this information. The editorial staff of the website does not bear any responsibility whatsoever for the content of the comments or reviews made by the site users about cryptocurrencies. The entire responsibility for the contents rests with the authors. Reprint of the materials is available only with the permission of the editorial staff.