Bitcoin SV Price May Test $59 Level and Fall
Login

Bitcoin SV Price May Test $59 Level and Fall

Estimated Reading Time: 2 minutes
Article Rating:
Based on 1 vote
Login to rate this article.

Azeez Mustapha

Updated:


Bitcoin SV Price Analysis – July 18

Should the bulls’ pressure break up the resistance level of $59, $65 level may be broken upside and the resistance level of $71 may be tested. When the resistance level of $59 is defended by the bears, then, support levels of $41 and $35 may be tested.

Key Levels:

Resistance levels: $59, $65, $71

Support levels: $47, $41, $35

BSV/USD Long-term Trend: Bullish

On the daily chart, Bitcoin SV is bullish. The low level at $41 support level was reached on June 13. The bulls opposed the bears’ movement with the formation of strong bullish engulfing candle. The bullish movement of the crypto broke up the resistance level of $59 and tested $65 resistance level. The price bounced off the mentioned level and retested $47 level. Today, bulls are dominating the market and price may increase before it falls.

The crypto is trading above the 9 periods EMA and the 21 periods EMA at close contact but the two EMAs are bending to follow the direction of the price, which indicate bullish momentum. The price is heading towards $59 level. Should the bulls’ pressure break up the resistance level of $59, $65 level may be broken upside and the resistance level of $71 may be tested. When the resistance level of $59 is defended by the bears, then, support levels of $41 and $35 may be tested.

BSV/USD Medium-term Trend: Ranging

Bitcoin SV is on the ranging movement on the medium-term outlook. The buyers’ momentum could not continue when the price was pushed to break up the resistance level of $65 last two weeks. The bears’ pressure increased and the price was pushed to the support level of $47. The price increase again and heading towards the previous resistance level of $59.

The price is trading above the 9 periods EMA and 21 periods EMA which indicate that bullish movement is in progress.

You can purchase Lucky Block here. Buy LBlock

  • Broker
  • Benefits
  • Min Deposit
  • Score
  • Visit Broker
  • Award-winning Cryptocurrency trading platform
  • $100 minimum deposit,
  • FCA & Cysec regulated
$100 Min Deposit
9.8
  • 20% welcome bonus of upto $10,000
  • Minimum deposit $100
  • Verify your account before the bonus is credited
$100 Min Deposit
9
  • Over 100 different financial products
  • Invest from as little as $10
  • Same-day withdrawal is possible
$250 Min Deposit
9.8
  • The Lowest Trading Costs
  • 50% Welcome Bonus
  • Award-winning 24 Hour Support
$50 Min Deposit
9
  • Fund Moneta Markets account with a minimum of $250
  • Opt in using the form to claim your 50% deposit bonus
$250 Min Deposit
9

Learn to Trade

Never Miss A Trade Again

step 1
Signal Notification

Real-time signal notifications whenever a signal is opened, closes or Updated

step 2
Get Alerts

Immediate alerts to your email and mobile phone.

step 3
Entry Price Levels

Entry price level for every signal Just choose one of our Top Brokers in the list above to get all this free.

Share with other traders!

telegram
Telegram
forex
Forex
crypto
Crypto
algo
Algo
news
News