📈 Price Predictions

BSV Price Analysis — Bitcoin SV Reflects Positive Sign for Potential Recovery to 0.014 BTC

  • Denys Serhiichuk
    📈 Price Predictions

    Bitcoin SV is rising faster than its ’father’ Bitcoin. Our price analysis explains whether it is the start of a new trend or just an accident

BSV Price Analysis — Bitcoin SV Reflects Positive Sign for Potential Recovery to 0.014 BTC

Disclaimer: The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of U.Today. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.

While most of the top 10 coins are falling against BTC, Bitcoin SV is showing 0.5%. Traders are looking for high volatile coins, while  Bitcoin is trading sideways. In this regard, only the rates of LTC and BSV are going up in correlation to the leading cryptocurrency.

Top cryptocurrency by CoinMarketCap

Let’s have a look at the price chart.

BSV/BTC chart by TradingView

On the 1H chart, Bitcoin SV has been bullish since July 15, and buyers are going to dominate until the end of July. Regarding the technical indicators, the lines of MACD are looking upward, confirming the further price rise. 

BSV/BTC chart by TradingView

On the bigger time frame, Bitcoin SV is located under a bearish mood, and the current level is not the bottom. BSV is about to form the Head and Shoulders pattern and the coin might fall to the support at 0.0085 BTC. The declining trading volume confirms the upcoming decrease of the coin. 

The price of BSV is trading at 0.01327 BTC at the time of writing.

Cover image via www.freepik.com
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About the author

Being a passionate blockchain enthusiast Denys has a vast experience in сryptocurrency market analysis, as well as blockchain related projects. All this is backed up by his working at W12 platform, Platinum Listing & ICO Advisory company, Export.Online and many others.

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