Bitcoin SV Price Is Warming Up to Penetrate $105 Resistance Level

Updated:

Bitcoin SV Price Analysis – March 28

Further increase in the buyers’ momentum may breakup the resistance level at $105 level and increase the price to $123 and $150 price level. Inability to break up the $105 price level may lead to ranging market or a decrease in price towards the support levels of $90, $73 and $50.

Key Levels:

Resistance levels: $105, $123, $150

Support levels: $90, $73, $50

BSV/USD Long-term Trend: Bullish

On the daily chart, Bitcoin SV is bullish. The bears were controlling the Bitcoin SV market last two weeks. The sellers’ pressure failed at the support level of $73 and a bullish reversal candle pattern emerged called bullish engulfing. This triggered the upward movement of the coin. It increases and break up $90 level currently targeting the resistance level of $105.

Daily 40

Bitcoin SV retain its trading above the 9 periods EMA and 21 periods EMA on the daily chart while the fast moving EMA remains above the slow moving EMA as a bullish movement indication. Further increase in the buyers’ momentum may breakup the resistance level at $105 level and increase the price to $123 and $150 price level. Inability to break up the $105 price level may lead to ranging market or a decrease in price towards the support levels of $90, $73 and $50.  However, the Relative Strength Index (period 14) is above 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 Crypto tested the support level of $73 on March 15. The bulls defended the mentioned level and the price reversed. The bulls take over the Bitcoin SV market and it increases towards the $105 resistance level. Throughout last week, the coin was under the control of the buyers. There is tendency for the price to continue increasing above the $105 level.

4hours 42

The two EMAs are separating from each other and the price is trading above the 9 periods EMA and 21 periods EMA. The relative strength index period 14 is above 74 levels displaying buy signal.

You can purchase Lucky Block here.  Buy LBlock:

 

  • Broker
  • Benefits
  • Min Deposit
  • Score
  • Visit Broker
  • 20% welcome bonus of upto $10,000
  • Minimum deposit $100
  • Verify your account before the bonus is credited
$100 Min Deposit
9
  • Award-winning Cryptocurrency trading platform
  • $100 minimum deposit,
  • FCA & Cysec regulated
$100 Min Deposit
9.8
  • Over 100 different financial products
  • Invest from as little as $10
  • Same-day withdrawal is possible
$100 Min Deposit
9.8
  • Award-winning Cryptocurrency trading platform
  • 14 Cryptoassets available to invest in
  • FCA & Cysec regulated
$200 Min Deposit
9.8

Highly volatile unregulated investment products. No EU investor protection.

  • Trade top Cryptos such as Bitcoin, Litecoin and Ethereum plus more
  • Zero commissions and no bank fees on transactions
  • Around the clock service with support in 14 languages
$100 Min Deposit
8.5
  • The Lowest Trading Costs
  • 50% Welcome Bonus
  • Award-winning 24 Hour Support
$200 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
Share with other traders!

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.