Bitcoin SV Price: Bears are Dominating Over Bulls
Login

Bitcoin SV Price: Bears are Dominating Over Bulls

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

Azeez Mustapha

Updated:

Bitcoin SV Price Analysis – April 11

Further increase in the bears’ pressure will decrease the price to break down the support level of $71 which may expose the price to $50 and $30 price level. In case the support level of $71 holds, the price may increase towards the resistance level at $87, $105 and $123.

Key Levels:

Resistance levels: $87, $105, $123

Support levels: $71, $50, $30

BSV/USD Long-term Trend: Bearish

On the daily chart, Bitcoin SV is bearish. Last week, the coin was on the bullish movement in the daily chart. The resistance level at $105 holds and the bullish momentum is not enough to push the price above it. The resistance level at $105 remains strong to the bulls. On April 06, the bears increase their momentum and push down the price below the support level of $87 and it is approaching the $71 support level.

Daily 17

The two EMAs are bending down to follow the direction of the price. The crypto continue its trading below the 9 periods EMA and the 21 periods EMA which indicate bearish momentum. Further increase in the bears’ pressure will decrease the price to break down the support level of $71 which may expose the price to $50 and $30 price level. In case the support level of $71 holds, the price may increase towards the resistance level at $87, $105 and $123.

BSV/USD Medium-term Trend: Bearish

Bitcoin SV is on the bearish movement on the medium-term outlook. The bears eventually dominates the Bitcoin SV market. The momentum of the bears increase when the bulls’ pressure failed at $105 resistance level and the price decline to break down the support level at $87. The price is decreasing towards the support level of $73.

4hours 18

The price is trading below the 9 periods EMA and 21 periods EMA which indicate that bears are in control of the market. The relative strength index period 14 is at 34 levels displaying a bearish signal.

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