- Bitcoin SV performed with a positive momentum on Tuesday’s trading session
- BSV current price is $244.08, which is up by 3.28% in the last 24-hour time-frame and 15.47% up from the previous week
- BSV/BTC pair is negative with 0.56% in Tuesday’s trading session (0.00497780)
Bitcoin SV had positive momentum on the weekly chart, and it went up to $324.54 on January 09, 2021, while breaking above the resistance zones created in the past. Whereas BSV price set a mark of a 52-week high. Meanwhile, the trading volume of $2,230,482,426 in the last 24-hour time-frame represents an decrease in the value of 21.59%. The BSV/ETH pair is in an uptrend with a value of (0.13738833) which is up by 0.33% in Tuesday’s trading session.
Bitcoin SV Technical Chart Indicates a Positive Momentum
The technical chart of Bitcoin SV highlights a positive trend. In contrast, BSV current price is at $244.08. According to pivot points, the critical support level for BSV is placed at $218.22. Whereas if it moves up, the key resistance level to watch is $265.85. While diving into the weekly chart of 4-hour time-frame, it completes a bearish hammer candlestick pattern, indicating the bears have overwhelmed the bulls and are now in control.
Volume indicator with the value (1.024K) reflects a selling volume in coin. Investors can further expect a decrease in selling volume in the upcoming trading sessions.
SMA-200, price is at $196.70, which acts as another strong support in the coin. The price is above the SMA, and investors can expect a bullish trend in the coin.
MACD indicator (Bearish), bearish crossover over signal line spotted on February 16, 2021, indicated a sell signal in the coin during the trading session. Also, it denotes red bars on Histogram.
Meanwhile, the RSI indicator (Neutral) with a value of 50.82 indicates a neutral signal in the coin. One can observe an increase in value in upcoming trading sessions.
BSV current price is up by 3.28% on Tuesday’s trading session. The price is above the SMA of $196.70. Investors can expect the movement of price towards the resistance levels of $265.85. All technical indicators recommend a sell signal in the coin for a short while, Investors may see a rise in price levels in future trading sessions.