Bitcoin SV Price: Would Bears’ Pressure Increase to Reduce Price?

19 July 2021 | Updated: 19 July 2021

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.

BSVUSD daily chart, July 19

 

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.

BSVUSD 4hours, July 19

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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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.