Bitcoin SV Price: Bulls Are Interrupting Bears at $105 Level, Price Increase Envisaged

Bitcoin SV Price Analysis – January 10

Further increase in the bears’ pressure will decrease the price to the support level of $73 which may expose the price to $60 and $41 price level. In case the support level of $73 holds, the price may increase towards the resistance level at $113, $148 and $171.

Key Levels:

Resistance levels: $113, $148, $171

Support levels: $105, $73, $60

BSV/USD Long-term Trend: Bearish

On the daily chart, Bitcoin SV is bearish. Last week, the coin was on the ranging movement in the daily chart. The former support level at $113 holds and the bearish momentum is not enough to push the price below it. The resistance level at $148 remains strong to the bulls. On January 06, the bears increase their momentum and push down the price below the support level of $113 and it is facing the $73 support level.

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 the support level of $73 which may expose the price to $60 and $41 price level. In case the support level of $73 holds, the price may increase towards the resistance level at $113, $148 and $171.

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 and the price decline to break down the support level at $113. The price is decreasing towards the support level of $73.

The price is ranging around the 9 periods EMA and 21 periods EMA which indicate that bulls are trying to interrupt the bears. The relative strength index period 14 is at 50 levels displaying no specific direction.

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