- The competitive Bitcoin SV has one of the highest Returns on Investment (ROI) rates standing at 283% compared to 41% of Bitcoin as of this year.
- Three resistances holding the trade of BSV, the first one is placed at $254, the second at $303 and the third one above the ATH at $458.
The competitive Bitcoin SV has one of the highest Returns on Investment (ROI) rates standing at 283% compared to 41% of Bitcoin as of this year. As BSV exited from a symmetrical triangle on the chart, it is attracting the bulls on its side accounting to rise of about 28% in no more than two days.
On January 14th it broke above its resistance a reached new mark at $254 and went on to reach $458 per asset performing better than BCH.
The Golden Cross
BSV’s 50- DMA has crossed over 200-DMA (Direct Market Access), it is a feature observed in most of the top assets to predict the direction of the trade of that individual asset. In the trend of Bulls, the asset value is usually above the 200-DMA, and the cross at that point is called the Golden Cross.
The traders and holders of in large scale now have the opportunity to gain back on the asset returns says, expert analysts. There are, however, three resistances holding the trade of BSV.
The first one is placed at $254, the second at $303 and the third one above the ATH at $458. If BSV continues with the Bulls, it will break over the ATH resistance, but if the resistance is too strong, then bears might come into the trade placing supports at $303 and $254.
The Moving Average Convergence/Divergence (MACD) indicators show a strong position for BSV as the traders are favoring the BSV with strong buy. This could be the possible effect of BSV halving in 2018.
It is safe to say that BSV is heading to the positive comeback and change of fate. Its current market value is at $343.89 USD with market capitalisation of $6,282,114,087 USD.
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