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Bitcoin SV Price Analysis: BSV Coin Price Is Currently Observing A Correction

  • BSV Coin price is currently seeing a downside momentum but can soon revert to the uptrend. It has seen a gain of more than 0.87% in the intraday session.
  • Technical indicators of BSV hints towards an upside trend for the future. In contrast, BSV/BTC pair has seen a loss of more than 0.24% in the past 24 hours

BSV coin price is currently observing a strong upside momentum and can soon see a new high in the upcoming days. Bitcoin SV’s price is currently up by more than 0.61% in the intraday session and is trading near the value of $172. BSV has an ROI of more than 46% which has profited various people. It is currently seeing an upside momentum and can soon see a breakout of a new high. It is currently observing a correction but can soon see a new high. One can forecast strong gains in BSV in the future.

BSV coin market dominance along with the market cap is also seeing a strong upside momentum and can soon see a new high. The volume of the coin can also see a new surge and push the price to a new high. The volume to market cap ratio of the BSV suggests a strong bull trend. One can invest in BSV as per their needs and risk adversity.

BSV Coin Price Is Ready To Explode For A New High

Source: Trading view

BSV’s weekly technical chart hints towards a strong upside momentum in the price for upcoming days. On coming to the daily chart the coin price might see a new low in the future. Resistance of BSV while going upwards can be seen near $250. In contrast, in the downtrend, the support in the asset can be seen near $100. The asset price is currently trading above the 50 and 100DMA. The 100MA line is near $151 making it temporary support of the price. If the BSV price jumps over $200 then a strong bull rally can be seen. BSV/BTC pair can also observe a strong momentum in the future.

Conclusion

BSV coin price is currently observing a strong bull trend and can soon see a new high. BSV/BTC pair can also observe a new high in the upcoming days

Technical Levels

Major Resistance: $150
Major Support: $100 

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Adarsh Singh: Adarsh singh is an Stock market and financial market advisor trader with background in Engineering. He specialises in Technical Analysis while possessing strong computational skills.