BSV / USD holds up move at USD 130 – Cryptovibes.com – Daily cryptocurrency and forex news

BSV price analysis – July 27th

Bitcoin SV price is creating a new upward move as the coin is up 0.63%.

BSV / USD market

Key levels:

Resistance Levels: $ 150, $ 160, $ 170

Support levels: $ 110, $ 100, $ 90

BSVUSD – daily chart

As the daily chart shows, the BSV / USD is changing hands around $ 130,950. However, today’s price’s opening price begins with a slight downtrend in the market as the coin moves to hit the daily high of $ 133.370 after which it is currently trading near the daily high. Additionally, traders expect the current price movement to be an indication of the imminent price rally in the market.

BSV Price Analysis: Is Bitcoin SV Ready For The Uptrend?

Looking at the daily chart, Bitcoin SV price could likely cross the upper bound of the channel and once that is done the bulls could hit resistance levels at $ 150, $ 160 and $ 160, respectively. Bump $ 170. However, as the technical indicator Relative Strength Index (14) moves to cross the 50 mark. Hence, BSV / USD may manage to maintain the slight upward move towards the USD 140 resistance level. In the meantime, if the price makes a quick turn south, the support levels are at $ 110, $ 100 and $ 90, respectively.

BSV / BTC market: continues to follow the downward trend

BSV price is currently facing a downtrend versus Bitcoin as the coin trades below the 9- and 21-day moving averages. For now, the bulls cannot push the coin positive as the Relative Strength Index (14) technical indicator is moving into oversold territory.

BSVBTC – daily chart

However, if the bears continue to pull price towards the lower bound of the channel, BSV / BTC could likely drop to the 3000 SAT support level and below. Should the bulls push the price above the 9-day MA in the meantime, staying there could cause the coin to hit the 4000 and above resistance level.