- BSV price sees a Bullish trend; It is currently trading at the value of $213.39 with a gain of 15.78%
- BSV price has seen a spike in the large transaction from the last couple of days. The Twitter trend has also seen a positive gain.
- BSV/BTC pair is trading at the value of 0.004554 BTC with an intraday gain of 10.06%
Bitcoin SV (BSV) Trend & Volatility Analysis
BSV coin has seen a huge spike in positive tweets in the last couple of days. The BSV price has seen a jump of 40% in a week due to positive Twitter trend. The other social media platforms have also seen a positive trend for Bitcoin SV.
Bitcoin SV volatility has been on three months low. It highlights the possibility of the extension in a bullish trend. Volatility indicator is not as reliable as the CVIX indicator, but it gives a general idea about the price action.
Bitcoin SV(BSV) Technical Analysis
The weekly chart of BSV highlights “Bulls on the run “ in today session. The major resistance of the coin is $237.61, and major support is placed at $197.42.The volume has seen a gain of 110.21% and the market capitalization went up by 14.3%.BSV/BTC pair is currently recovering from bearish trend and face the resistance at 50MA
RSI(Bullish): It is trading at the level of 63.25, highlighting its presence at the overbought zone. A positive slope is formed in the RSI, highlighting a bullish momentum with high strength.
The trend analysis and twitter sentiment of BSV suggest the continuation of the bullish trend. The BSV/BTC pair is showing strength for recovery and can see break the immediate resistance. An investor should do their due diligence before investing in BSV.