Bitcoin SV Price Analysis – July 19
A further increase may take the price to $185. A bearish breakout may push the price to the support level of $101 which will expose the coin to the support level of $73 and $41. The Relative Strength Index (14) is at 20 levels with the signal line parallel to the level.
Key Levels:
Resistance levels: $134, $152, $185
Support levels: $101, $73, $41
BSV/USD Long-term Trend: Ranging
Bitcoin SV is on the ranging movement on the daily chart. The bears lose momentum at the support level of $101 and the price could not go beyond the support level of $101. The bulls’ pressure is equally weak and the resistance level of $134 stands as a barrier to the price. The coin maintain its ranging movement within $134 and $101 price level.
On the daily chart the price is trading below the 9 periods EMA and 21 periods EMA at low momentum. The price action is producing several dojis around $134 level. At the moment, the key resistance level to watch out for lies at $134 and $152. A further increase may take the price to $185. A bearish breakout may push the price to the support level of $101 which will expose the coin to the support level of $73 and $41. The Relative Strength Index (14) is at 20 levels with the signal line parallel to the level.
BSV/USD Medium-term Trend: Bearish
Bitcoin SV is bearish on the 4 hour chart. The crypto was consolidating last week within the $152 and $134 levels. The bears gain more pressure and the former support level of $134 was penetrated and turns to resistance level. The price is targeting the support level of $101 at the moment.
The price is trading below the 9 periods EMA and 21 periods EMA which indicate that bears’ pressure is increasing. The relative strength period 14 is displaying non directional signal at 50 levels.
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