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- 1 Bitcoin SV price prediction suggests bulls are back and preparing to hit new swing highs.
- 2 BSV price surged 20% in the current session and positive momentum is intact.
- 3 The recent move in BSV is supported by a more-than-average buying volume.
Bitcoin SV price prediction has turned bullish for the next few months and suggests a 10% to 15% rally is possible. It finally registered a breakout of the $60.00 barrier and buyers seem to be returning on the bullish track.
BSV price jumped 20% in the current session and created a positive hope for the long-term investors. It formed a giant bullish candle and showed initial signs of the range expansion.
The recent move in BSV crypto is supported by a more-than-average buying volume. So, the breakout might have gotten the participation of big players. However, the price needs to sustain above the $60.00 level in the coming few sessions for confirmation.
Moreover, the sudden rise in the BSV coin price had pushed it into the overbought territory. So, minor profit booking may also be visible. By looking at the chart pattern it can be said that bulls look very active and more upward momentum is possible.
At the time of writing, the BSV price is trading at $60.10 with an uptick of 20.49%. In the last 24 hours, the trading volume rapidly increased by 219% and volume to market cap ratio stands at 0.1157.
Bitcoin SV Price Analysis: Is the Breakout Reliable?
Bitcoin SV price is in the bulls’ grip and trading at a Year-till-date high. The price behavior of this crypto is volatile, indicating that speculators might have also actively participated in the recent move.
So, to get confirmation of the breakout, it’s important for buyers to hold the price above $60 for a few weeks. However, the price action says that the recent move is powerful, and genuine buyers are also active. Therefore, aggressive traders may take the risk and build fresh longs.
BSV Price Soars Toward New Swing Highs
BSV price soars toward new swing highs. It displayed a bullish pattern on a daily and weekly chart which attracted the attention of the investors. On the higher side, the next visible hurdle on the chart is placed at $68.00.
BSV crypto may journey to $68.00 and reward its aggressive traders. However, if the price faces rejection and slips below $56.00, then be prepared for a sharp correction.
Conclusion
Bitcoin SV price prediction suggests the rally in this coin has just begun and more scope for upside is open. If buyers succeed in holding the price above $60, then they might begin the journey to reach the next destination at $68.
Technical levels
- Resistance levels: $65.01 and $68.01
- Support levels: $56.02 and $52.03
Disclaimer
The views and opinions stated by the author, or any people named in this article, are for informational purposes only. They do not establish financial, investment, or other advice. Investing in or trading crypto assets comes with a risk of financial loss.
Amanda Shinoy is one of the few women in the space invested knee-deep in crypto. An advocate for increasing the presence of women in crypto, she is known for her accurate technical analysis and price prediction of cryptocurrencies. Readers are often waiting for her opinion about the next rally. She is a finance expert with an MBA in finance. Quitting a corporate job at a leading financial institution, she now engages herself full-time into financial education for the general public.
