BTW’s recent price action is definitely worth focusing on.
As of September 24, Bitway (BTW) price briefly broke above 1 USDT and set a new all-time high at around 1.05 USDT. Judging by its recent performance, BTW has formed a very clear bullish structure: it is up about 32% over the past 7 days, and its cumulative gains over the past 30 days have exceeded 120%.
Why has BTW been able to maintain strength recently?
First, the continued support from the Binance ecosystem is worth paying attention to.
As early as this June, Binance listed the BTWUSDT perpetual contract with a maximum leverage of 10x. For a relatively young project, entering the derivatives trading ecosystem of a major exchange clearly increases market attention and trading depth.
In addition, Binance Wallet has continued to roll out Bitway-related activities this year. The recent Booster Season 5 runs from August 19 to October 2, with a BTW Boosted APR reward of $200,000.
Second, BTW’s ecosystem positioning is also gradually becoming clearer.
According to Bitway’s official materials, BTW is not only used for ecosystem incentives, but also serves functions such as governance, staking, and Bitway Ledger network Gas. Bitway Earn is centered around on-chain yield products. This means BTW is not just a Meme-style asset driven purely by market sentiment.
Third—and this is what I think is most worth关注 recently:
BTW has already completed the stage transition from a “low-level rebound” to a “breakout above the historical high.”
Earlier this year, the BTW price was at a very low level, and it has now come close to 1 USDT. From September 23 to 24, it even further broke through the previous high.
If the price can form an effective follow-through above 1 USDT, then the market’s focus may shift from “can it break the previous high?” to “how far it can still go after the breakout.”
From a technical perspective, I’m more focused on three levels:
1.00 USDT
This is a very clear psychological level right now. If it can continue to hold after breaking through, 1 USDT could gradually shift from a resistance level into an important support zone.
1.05 USDT
This is the latest historical high right now. A truly strong market typically requires observing whether price can hold after breaking the previous high, not just looking at an instantaneous spike.
0.90～0.95 USDT
If there is a quick pullback, this area can be used to monitor whether the long/short structure has changed.
So the biggest takeaway for BTW right now isn’t “how much it has already risen,” but whether, after breaking the historical high, it can turn 1 USDT into a new price center.
Of course, risks also can’t be ignored.
BTW is still in a rapid uptrend phase, with clearly high volatility. Meanwhile, based on publicly available Token Unlock data, on October 2 about 101.6 million BTW is expected to be released—about 1% of the total supply—so there will still be some supply pressure going forward.
So my view is:
The current market structure for BTW still looks bullish, and 1 USDT has become a very critical psychological level.
If, going forward, it can complete a turnover near the historical high and continue holding above 1 USDT, then this round of market action is still worth watching.
What’s truly worth paying attention to isn’t chasing the surge, but the strength of the follow-through after a breakout.
Whether BTW can further evolve from a “strong breakout” into a “trend-driven market,” I will focus on 1.00 USDT support, the 1.05 USDT historical high, and changes in trading volume.
After BTW breaks its historical new high, where do you think the next target will be?
Feel free to leave a comment to discuss.👇
The information above is for market information compilation and personal opinions only, and does not constitute investment advice. Crypto assets are highly volatile—please be mindful of risks.
