Bitcoin SV Price Breaks Up $185 Level , Targeting $233

Azeez Mustapha
6 September 2021 | Updated: 6 September 2021

Bitcoin SV Price Analysis – September 06

The price is currently increasing towards $233 level which may be broken up when the bulls increase their momentum, further increase may push it to $266 and $311 levels. In case bears interrupt the price, it may reduce to the support level of $185 and it may continue to the support level of $148 and $101.

Key Levels:

Resistance levels: $233, $266, $311

Support levels: $185, $148, $101

BSV/USD Long-term Trend: Bullish

Bitcoin SV is bullish on the daily chart. The Bitcoin SV found support at the support level of $101 on July 20. A bullish engulfing candle formed at the same level triggers a bullish movement. The price increases and broke up the resistance level of $148. The resistance level of $185 was broken up and exposes to the resistance level of $233.

Bitcoin SV Daily chart, September 06

The fast moving EMA has cross above the slow moving EMA and Bitcoin SV is trading above the 9 periods EMA and 21 periods EMA on the daily chart as a sign of bullish trend. The price is currently increasing towards $233 level which may be broken up when the bulls increase their momentum, further increase may push it to $266 and $311 levels. In case bears interrupt the price, it may reduce to the support level of $185 and it may continue to the support level of $148 and $101. The Relative Strength Index (14) is at 70 levels with the signal line pointing up to indicate buy signal.

BSV/USD Medium-term Trend: Bullish

Bitcoin SV is bullish on the 4 hour chart. The bulls further gained more pressure and the price increases towards the resistance level of $148. It was penetrated and turned to support level. At the moment, the price is trading above the resistance level of $185.

Bitcoin SV 4 hour chart, September 06

The coin is trading above the 9 periods EMA and 21 periods EMA as the Bulls’ pressure is steadily increasing. The relative strength period 14 is above 70 levels displaying a bullish signal.

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Azeez Mustapha

Azeez Mustapha

Azeez Mustapha is a trading professional, currency analyst, signals strategist, and funds manager with over ten years of experience within the financial field. As a blogger and finance author, he helps investors understand complex financial concepts, improve their investing skills, and learn how to manage their money.