Bitcoin SV Price: Buyers Return to Dominate BSV Market

Azeez Mustapha

Updated:

Unlock Daily Forex Signals

Select a Plan

£39

1 - month
Subscription

Select

£89

3 - month
Subscription

Select

£129

6 - month
Subscription

Select

£399

Lifetime
Subscription

Select

£50

Separate Swing Trading Group

Select

Or

Get VIP forex signals, VIP crypto signals, swing signals, and forex course free for lifetime.

Just open an account with one our affiliate broker and make a minimum deposit: 250 USD.

Email [email protected] with a screenshot of funds on account to get access!

Sponsored by

Sponsored Sponsored
Checkmark

Service for copy trading. Our Algo automatically opens and closes trades.

Checkmark

The L2T Algo provides highly profitable signals with minimal risk.

Checkmark

24/7 cryptocurrency trading. While you sleep, we trade.

Checkmark

10 minute setup with substantial advantages. The manual is provided with the purchase.

Checkmark

79% Success rate. Our outcomes will excite you.

Checkmark

Up to 70 trades per month. There are more than 5 pairs available.

Checkmark

Monthly subscriptions begin at £58.


Bitcoin SV Price Analysis – May 03

In case the bulls penetrate the resistance level of $364, there will be an increase in price towards the resistance level of $439 which may extend to $520 level. If the bears’ momentum interrupt the bullish momentum at $364, the price may face the support levels at $311, $439 and $520.

BSV/USD Market

Key Levels:

Resistance levels: $364, $439, $520

Support levels: $311, $233, $217

BSV/USD Long-term Trend: Bullish

Bitcoin SV is Bullish on the daily chart. The bulls defends the support level $233 last week, the price increases towards the resistance level of $311. The mentioned level was penetrated with a strong daily bullish candles and the price increase towards the resistance level of $364. There is tendency that the price will increase and test the resistance level of $364.

Bitcoin SV Daily chart, May 03  

Bitcoin SV has penetrates the dynamic support and resistance levels upside and the price is currently trading above the 9 periods EMA and 21 periods EMA which indicate that bulls are dominating the Bitcoin SV market. In case the bulls penetrate the resistance level of $364, there will be an increase in price towards the resistance level of $439 which may extend to $520 level. If the bears’ momentum interrupt the bullish momentum at $364, the price may face the support levels at $311, $439 and $520.

BSV/USD Medium-term Trend: Bullish

Bitcoin SV is bullish on the medium-term outlook. The BSV formed a double bottom chart pattern on 4-hour chart on April 23 – 25. This bullish chart pattern triggers the bulls’ momentum and the price increases to break up the resistance level at $311. The price is currently targeting the $364 price level.

BSVUSD 4-hour chart, May 03

The price is increasing and it has crossed the two EMAs upside. The price is trading above the 9 periods EMA and 21 periods EMA which connotes a bullish movement. The relative strength index is displaying a bullish signal at the 70 levels which indicates further increase in price.

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

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.

Leave a Reply

Your email address will not be published. Required fields are marked *