Bitcoin SV Price: Can Bears Break Down Support Level at $113?  
Login

Bitcoin SV Price: Can Bears Break Down Support Level at $113?  

Estimated Reading Time: 3 minutes
Article Rating:
Based on 1 vote
Login to rate this article.

Azeez Mustapha

Updated:


Bitcoin SV Price Analysis – January 03

Currently, the key resistance level to watch out for lies at $148 and $171. A further upward movement may take the price to $194. A bearish breakout is expected at the support level of $113 which will expose the coin to the support level of $73 and $41

Key Levels:

Resistance levels: $148, $171, $194

Support levels: $113, $73, $41

BSV/USD Long-term Trend: Ranging

Bitcoin SV is consolidating below the resistance level of $148, started a bearish trend on 10 November; this is clearly noticed when the long daily bearish candle penetrated support levels such as $171, $148. More bearish candles continue to emerge and the price declined below the two EMAs. The cryptocurrency broke below the $148 level but currently ranging within $148 and $113 levels.

Bitcoin SV daily chart, January 03

The daily chart has shown that sellers’ and buyers’ momentum is weak. The price action has formed several dojis on a straight line within the two EMAs on the daily chart. Currently, the key resistance level to watch out for lies at $148 and $171. A further upward movement may take the price to $194. A bearish breakout is expected at the support level of $113 which will expose the coin to the support level of $73 and $41. The Relative Strength Index (14) is not displaying specific price direction.

BSV/USD Medium-term Trend: Ranging

Bitcoin SV’s performance has been very low on the 4 hour chart, this may be due to a persistence low pressure from the sellers and buyers of Bitcoin SV. In other words, the price actions remain in a consolidation zone for many days ago. The market’s volatility is low and this may continue unless there is a breakout to the north or South.

Bitcoin SV4-hour chart, January 03

The price is trading over and around the 9 periods EMA and 21 periods EMA which indicate that consolidation is in progress. The relative strength period 14 is displaying non directional signal at 50 levels. You can purchase crypto coins here: Buy coins

  • 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