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- 1 Bitcoin SV price prediction showcases the declining streak of BSV crypto over the charts.
- 2 BSV crypto is trying to sustain at 20 and 50-EMA to remain above 100 and 200-days Daily Moving Average.
- 3 The pair of BSV/BTC was at 0.001299 BTC with an intraday drop of 0.62%.
Bitcoin SV price prediction suggests the fall of BSV crypto and may gather support from the support zone for a reversal. However, sellers have been pulling BSV crypto downwards from the start of July 2023. Now BSV cryptocurrency needs to attract buyers as the BSV crypto price reaches the support zone over the daily time frame chart. Meanwhile, Bitcoin SV price has surged around 53.19% in a month. Investors in Bitcoin SV cryptocurrency need to wait for any directional change over the charts.
Bitcoin SV price was at $39.62 and gained around 0.50% during the intraday trading session. The trading volume increased by 10% during the intraday trading session. This demonstrates that buyers are trying to push BSV crypto but the accumulation rate is lower. The volume-to-market cap ratio was at 0.0485.
Will Bitcoin SV Price Get Support From Here?
Bitcoin SV price prediction indicates the sustainability issues of Bitcoin SV cryptocurrency over the daily time frame chart. Meanwhile, BSV crypto is trying to sustain at 20 and 50-EMA to remain above 100 and 200-day Daily Moving Averages. Nevertheless, trading volume is below average and needs to grow for BSV crypto to recover back over the daily time frame chart.
Bitcoin SV price has dropped around 7.66% in a week continuing the declining streak throughout the week. However, BSV crypto price has surged around 55.18% in a month and 9.01% in the last three months.
Technical indicators suggest the sustainability issues of Bitcoin SV price. The relative strength index showcases the upside trend of BSV crypto. RSI was at 52 and is hovering above neutrality.
MACD on the other hand exhibits the downside trend of BSV crypto. The MACD line is below the signal line after a negative crossover. Investors in Bitcoin SV need to wait for any directional change over the daily time frame chart.
Summary
The decline of the BSV cryptocurrency is predicted by the Bitcoin SV price prediction, which might find support from the zone of support for a turnabout. BSV cryptocurrency is currently attempting to hold above the 20 and 50-EMA to maintain its position above the 100 and 200-day Daily Moving Averages.
However, the price of BSV cryptocurrency has increased by about 55.18% in a month and 9.01% over the past three months. Technical indicators point to price stability problems for Bitcoin SV. Investors in Bitcoin SV must watch the daily time frame chart for any directional changes.
Technical Levels
- Support Levels: $38.22 and $35.00
- Resistance Levels: $41.25 and $45.00
Disclaimer
The views and opinions stated by the author, or any people named in this article, are for informational purposes only, and they do not establish financial, investment, or other advice. Investing in or trading crypto or stock comes with a risk of financial loss.
Andrew is a blockchain developer who developed his interest in cryptocurrencies while pursuing his post-graduation major in blockchain development. He is a keen observer of details and shares his passion for writing, along with coding. His backend knowledge about blockchain helps him give a unique perspective to his writing skills, and a reliable craft at explaining the concepts such as blockchain programming, languages and token minting. He also frequently shares technical details and performance indicators of ICOs and IDOs.
