When Bitcoin price surged as a Pre-Halving effect, the altcoins followed the trend. The Bitcoin SV on Wednesday opened at $208.31 and is currently trading at $220.48 (11.63%) high in 24 hours.
Since the 4 days of trading were tight, ranging from 187.16 to $203.40, the buyers and sellers were not placing any big bets as they were uncertain about the price run.
This was because the uncertainty and the next support was low at 2 points $170 and $145. Anyway, there was anticipation in the market about breaking the $203.40 line and hiking to around $227 trading.
Well, that happened today.
Early in the Session, the Bitcoin SV price crossed the expectations at $229.19 and managed to have a bullish correction to $9. With a market cap of $4.06B, Bitcoin SV is the 6th ranked coin in the list.
Also read, Price Analysis of your favorite Cryptocurrencies
The Chart is Bullish
BSV is performing well this month that Opened at $159.28 US, the asset’s technical reports seem to be in bullish action. Currently, it is holding up at $220.2 with a very good volume, but if it has faced a drop the next support is at $210.5 and $205
While I am writing this bitcoin SV shows good strength in all its EMA’s, since the next resistance is virtually non-existent, the coin will pump to $250 soon.
The Best Part of Altcoins is, they have a tendency to follow the bitcoin trend and as you all know, Bitcoin is waving high.
Enjoy the Trend and Trade with Care.