Braintrust Price Prediction: Can BTRST Rebound From Recent Level?

• As per the Braintrust price prediction, the price of the BTRST coin is trading at $0.423 and the BTRST coin price decreased by 1.61% in the last 24 hours.
• The Braintrust 52-week price bound range is $0.4205 – $0.9044.

The Braintrust price prediction highlights that the stock made a high of $1.234 in February 2023 and since then, the BTRST price is declining by making new lower lows and lower highs. The coin roughly declined 66% in a span of 5 months giving poor returns to the investors.

However, the price took support on July 3rd 2023 from $0.413 which showed slight  interest from the bulls. Also, the volume is $20.951K which is below the average volume of $119.635K which shows a lack of volume in the market as of now.

This month the coin underperformed as it was down by 40.88%. Also, the BTRST price was down by 53.43% in the last six months. Moreover, the Braintrust coin (COINBASE: BTRST) price year-to-date return is negative with a decrease of 54.32%.

Will the Braintrust Coin Reverse Soon?

As per price action in the long trend, it seems the price is taking support on the trendline. After every fall the coin took support, it tried to recover from the trendline. As it can be observed, the BTRST price might go for a V shape recovery and may give an upward rally by jumping over from the nearest hurdles of $0.511 and $0.579.  If the bears push down, it might fall more by following lower lows and lower highs trend as observed from the previous trend. As per price action, the coin is at an indecisive level.

Source:  BTRST/USD.1D.COINBASE by TradingView

 On the day of publishing, the Braintrust coin is trading below the 20,  50, 100, and 200-days EMA keeping the BTRST coin price below, to jump over these EMA the Braintrust price must accumulate buyers to surpass the hurdles. Since the coin is trading at an all-time low and also at support, it can be presumed that the price is in an indecisive state and the coin can go in any direction. If the price gets pushed by bears, the price may go downwards by breaking the support or if vice versa happens it may rally upwards as well.
 

Source:  BTRST/USD.1D.COINBASE by TradingView

The MACD line at -0.062 and signal line at -0.059 is below the zero line and gave a bearish crossover, suggesting bearish signals. The current value of RSI is 17.53 points showing the coin has entered an extreme oversold zone also it took rejection from the 14 SMA line and headed downwards. The 14 SMA also entered the extreme oversold territory from the median line at 20.12 points which indicates a downward direction and bearish sentiment in the market.

Extraction

The Braintrust price prediction indicates that the sentiments and perspectives of investors and traders regarding the coin are indecisive in the 1D timeframe. The technical parameters of the BTRST coin suggest the continuation of the downtrend over the daily time frame chart. But the price action suggests it might take a V shape recovery from the support. The BTRST coin price reflects an indecisive view at the moment.

Technical Levels:

• The nearest support: $0.414 and $0.386.
• The nearest resistance: $0.504 and $0.532.

Disclaimer

In this article, the views and opinions stated by the author, or any people named are for informational purposes only, and they don’t establish the investment, financial, or any other advice. Trading or investing in cryptocurrency assets comes with a risk of financial loss.

KEYWORD: Braintrust Price Prediction
META DESCRIPTION(150-160 characters): The Braintrust price prediction highlights that the stock began its 2023 venture with a bullish rally thrusting the price upwards from the low of $84.09.

META TAGS: Braintrust price prediction, BTRST coin, BTRST coin price, BTRST price, BTRST crypto coin price