Home
News
- 1 Bitcoin SV crypto price is trading at $48.04132 with a drop of 2.14% in the last 24 hours.
- 2 BSV has a current market cap of $928.743 Billion.
Bitcoin SV price prediction suggests that the BSV crypto is presently moving on an uptrend after breaking out of the bears’ stronghold. The price is trading above the critical EMAs on the daily time frame. The volume declined slightly which indicates that there is a fall in buying and selling activity.
If the price gains buyers’ support at the present level, it could surge near the price of $56 within the next few weeks, whereas, the immediate support level for the BSV crypto is below around $41.47. The price movement has been relatively more stable for BSV crypto than other major cryptocurrencies.
Buyers have an adequate probability of attaining the expected target if they are able to sustain above the 200 EMA which would put the anticipated outcomes in the bulls’ favor.
Bitcoin SV price has been trading in a bull trend for the past few months. After breaking out, BSV crypto price has been finding consistent support at the trendline. Observing the historical price action, it can be estimated that the 200 EMA level has been acting as a crucial demand zone.
Technical Analysis of Bitcoin SV Crypto Price For 2023
Bitcoin SV ( USD: BSV) crypto price rose steadily over the past three months, gaining 32.68%. It gained 32.47% last month. Currently, BSV crypto is trading at $48.04132 and has been trying to hold on to this level after an unexpected surge in price.
If it can stay at this level, the Bitcoin SV price could continue to go up and reach the first and second targets of $61.58830 and $73.86437, respectively. However, if the BSV price cannot stay at this level and falls, then it might hit the closest support levels of $46.51644 and $34.24037.
Currently, Bitcoin SV crypto (USD: BSV) is trading above the 50 and 200-day exponential moving averages (EMAs), which are supporting the price momentum.
However, if buying volume adds up, then the price might support bullish momentum by making higher highs and new highs. Hence, the Bitcoin SV price is expected to move upwards giving bullish views over the daily time frame chart.
The current value of RSI is 56.02 points. The 14 SMA is above the median line at 64.06 points which indicates that the Bitcoin SV crypto is bullish.
The MACD line at 3.13712 and the signal line at 3.71409 are above the zero line. A bearish crossover is observed in the MACD indicator which signals weakness in the momentum of the BSV crypto price.
Bitcoin SV crypto (USD: BSV) technical oscillators also support the bullish trend. The MACD, RSI, and EMAs are emphasizing positive signs and imply that the uptrend may continue in the BSV crypto price.
Price action suggests that the investors and traders are bullish on the 1-day time frame. The price action reflects a bullish perspective at the moment. However, investors and traders should wait for proper setup for the next move and avoid FOMO.
BSV Price Forecast 2024
As per the price action and the previous price fluctuations on the chart, BSV crypto price might go as low as $62.31, while the average might reach the level of $76.11. The maximum value could reach $89.91, and the potential return on investment (ROI) from 2023 would be 21.93%.
BSV Price Forecast 2025
As per the price action and the previous price fluctuations on the charts, BSV crypto price might go as low as $75.63, while the average might reach the level of $92.92. The maximum value could reach $110.2, and the potential return on investment (ROI) from 2023 would be 49.44%.
BSV Price Forecast 2026
As per the price action and the previous price fluctuations on the charts, BSV crypto price might go as low as $96.81, while the average price might reach the level of $119.18. The maximum value could reach $141.54, and the potential return on investment (ROI) from 2023 would be 91.94%.
BSV Price Forecast 2027
As per the price action and the previous price fluctuations on the charts, BSV crypto price might go as low as $127.87, while the average might reach the level of $155.65. The maximum value could reach $183.43, and the potential return on investment (ROI) from 2023 would be 148.75%.
BSV Price Forecast 2028
As per the price action and the previous price fluctuations on the charts, BSV crypto price might go as low as $162.60, while the average might reach the level of $199.10. The maximum value could reach $135.6, and the potential return on investment (ROI) from 2023 would be 219.50%.
BSV Price Forecast 2029
As per the price action and the previous price fluctuations on the charts, BSV crypto price might go as low as $204.44, while the average might reach the level of $251.71. The maximum value could reach $298.97, and the potential return on investment (ROI) from 2023 would be 305.44%.
BSV Price Forecast 2030
As per the price action and the previous price fluctuations on the charts, BSV crypto price might go as low as $255.38, while the average might reach the level of $305.61. The maximum value could reach $355.83, and the potential return on investment (ROI) from 2023 would be 382.55%.
Technical Levels
Support Levels: $46.51644 and $34.24037.
Resistance Levels: $61.58830 and $73.86437.
Disclaimer
This article is for informational purposes only and does not provide any financial, investment, or other advice. The author or any people mentioned in this article are not responsible for any financial loss that may occur from investing in or trading. Please do your own research before making any financial decisions
With a background in journalism, Ritika Sharma has worked with many reputed media firms focusing on general news such as politics and crime. She joined The Coin Republic as a reporter for crypto, and found a great passion for cryptocurrency, Web3, NFTs and other digital assets. She spends a lot of time researching and delving deeper into these concepts around the clock, and is a strong advocate for women in STEM.
