- The Bitcoin SV (BSV) price rally saw a strong profit posting after hitting a new 52-week high of $ 388
- The coin is trading in an uptrend especially in major and major moving averages and with good volume
- The BSV / BTC pair is trading at a price level of 0.005708 BTC with an intraday gain of + 11.15%.
Source: trade view
Bitcoin SV The price above the monthly chart is trading on bullish momentum as the rally of higher high and lower lows indicates its positive momentum. Meanwhile, the coin is also mostly trading the major moving averages of 20, 50, 100 and 200 days, and the volume recorded above the chart is above average. Since the rally has now reached a new 52-week high of USD 388 and BSV looks overheated which can result in profit taking or a retracement from higher levels. Support on the lower side is at $ 270 (20 DMA) and $ 220, while resistance on the upper side is at $ 390 and $ 440.
Source: trade view
Bitcoin SV There was some weakness over the 4 hour period after hitting a new 52 week high of $ 388 as three black crows were built with good volume. Meanwhile, the indicators are in favor of bears and some profit-taking or sell-off can be seen on the higher side. BSV is currently trading at a price level of $ 340 with intraday gains of + 3.89% and the volume above the daily chart rose + 34.04% to $ 3,525,494,269. Total market cap is $ 6,340,344,301 with intraday gains + 3.27%.
Relative Strength Index (BEARISH) indicates bearish momentum in trading at 55.62. However, after testing the overtaken zone, it moves towards the oversold zone.
Moving Average Convergence Divergence (BEARISH) is currently showing a bearish trend on the daily chart as it trades with the meaning of the buyer’s signal line (green) versus the seller’s line (red). In the meantime, both lines move closer together and the crossover can create a retrograde dynamic.
Support levels: $ 270 and $ 220
Resistance Levels: $ 390 and $ 440.
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