Bitcoin SV Exhibits a Stable Trend; Resistance Seems Likely at $337.09
BSV’s price over the last 24 hours has gone through heavy dwindling. However, it could maintain the value above $310 for most of the time. Bitcoin SV’s price was at $316.46 at the starting of the day, and its first swing started at 00:05 UTC.
Over the next 3 hours, BSV’s value deteriorated, and it got pulled down to the lowest of the day at $280.99. It was followed by a 19.32% hike that added $54.29 to the value by 12:21 UTC. This increment pushed the bar to $335.29, the highest for the day. However, BSV couldn’t stand at $335 for long, and it started trading downwards from 12:21 UTC. By 00:47 UTC today, the currency witnessed a price drop to the extent of 8.57% that took the coin price to $306.55.
BSV Price Prediction
There has been a marginal increment in the market cap over the last 24 hours. Between January 16 & 17, the market cap has risen from 5.701 billion USD to 5.727 billion USD. BSV’s current price at $313.97 has managed decent leads over the 20 days MA ($313.49) and 50 days MA ($310.65). This lead is likely to increase in the coming days.
| Bitcoin SV (BSV) | Resistance and Support Levels |
| R1 | $337.09 |
| R2 | $361.3 |
| R3 | $388.73 |
| S1 | $285.45 |
| S2 | $258.02 |
| S3 | $233.81 |
Jason PalmerJason Palmer joined CoinNewsSpan as an editor and analyst. He has over five years of experience as a forex analyst. He holds a master's degree in business administration with specialization in finance. He is actively involved in analyzing the prevalent crypto trends. He has a keen interest in commodities and forex trading.
