Bitcoin SV Price May Break Up Resistance Level of $148

4 October 2021 | Updated: 4 October 2021

Bitcoin SV Price Analysis – October 04

When the bulls increase their pressure and the resistance level of $148 is broken upside, the $193 and $233 resistance levels may be tested. In case the resistance level of $148 holds, ranging movement may continue within the $148 and $101 price levels.

Key Levels:

Resistance levels: $148, $193, $233

Support levels: $101, $73, $41

BSV/USD Long-term Trend: Bearish

Bitcoin SV is bearish on the daily chart. The sellers hold unto the Bitcoin SV market after the formation of a chart pattern called evening star on the daily chart at the resistance level of $193. The price reduced to $101 last week. It pulls back to test the resistance level of $148. There is tendency for the bulls to take over the market.

BSVUSD Daily chart, October 04

Bitcoin SV is trading between the 9 periods EMA and 21 periods EMA on the daily chart while the fast moving EMA remains below the slow moving EMA as a bearish movement indication. When the bulls increase their pressure and the resistance level of $148 is broken upside, the $193 and $233 resistance levels may be tested. In case the resistance level of $148 holds, ranging movement may continue within the $148 and $101 price levels. However, the Relative Strength Index (period 14) is at 50 levels with the signal line pointing down to indicate sell signal.

BSV/USD Medium-term Trend: Ranging

Bitcoin SV is ranging on the 4 hour chart. Two weeks ago, the Crypto broke out of consolidation movement at $148 price level. The sellers dominated the market and pushed the price down to the support level of $148. Last week, the price penetrated the support level of $148 downside and commences a ranging movement within $148 and $101 level.

BSVUSD 4-hour chart, October 04

The two EMAs are close to each other and the price is trading over and around the 9 periods EMA and 21 periods EMA. The relative strength index period 14 is at 60 levels displaying buy signal.

You can purchase crypto coins here: Buy coins

  • Broker
  • Benefits
  • Min Deposit
  • Score
  • Visit Broker
  • Fund Moneta Markets account with a minimum of $250
  • Opt in using the form to claim your 50% deposit bonus
$250 Min Deposit
9
  • 20% welcome bonus of upto $10,000
  • Minimum deposit $100
  • Verify your account before the bonus is credited
$100 Min Deposit
9
  • The Lowest Trading Costs
  • 50% Welcome Bonus
  • Award-winning 24 Hour Support
$200 Min Deposit
9
  • 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.

  • Over 100 different financial products
  • Invest from as little as $10
  • Same-day withdrawal is possible
$100 Min Deposit
9.8
  • 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
  • Award-winning Cryptocurrency trading platform
  • $100 minimum deposit,
  • FCA & Cysec regulated
$100 Min Deposit
9.8
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.