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.
Let’s have a look at the price chart.
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.
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.
