As the market leader, Bitcoin price continues to hold its value above the $70,000 mark, the crypto market has regained momentum and displayed a significant uptrend in valuation, indicating a positive outlook for top altcoins during the upcoming weeks.
Furthermore, with the ongoing market volatility, Bitcoin SV price has recorded a strong bullish reversal in the chart after witnessing bearish price movements during the previous week.
The BSV price has successfully concluded the third month of the year positively, with a gain of over 23% in valuation. Moreover, the token continues to trade in an ascending parallel channel, highlighting a rise in the bullish sentiment for this altcoin in the crypto industry.
At the time of writing, the price of the BSV token was $105.12, and with the upcoming Bitcoin Halving which is predicted to act as a huge catalyst, the Bitcoin SV price is projected to test its high of $150 during the coming time that would result in a surge of approximately 43% to its portfolio.
Positively, the altcoin has recorded a jump of 8.52% within the past 24 hours and 15.82% over the past seven days, indicating a high potential for a bullish price action this month.
The Cross EMA 50/200-day has recently displayed a Golden Cross in the chart, highlighting an increased bullish sentiment for the altcoin in the crypto space. Further, the averages show an upward trend, indicating the price will continue gaining value.
On the other hand, the technical indicator, MACD, hints at a positive price action this month with a rising histogram and a bullish convergence in the chart.
If the BSV coin price continues to trade under a bullish sentiment and surpasses the $108 mark, the altcoin will test its upper resistance level of $116 this week. Maintaining the price at that level will set the stage for Bitcoin SV to attempt to test its upper resistance level of $125 in the coming time.
Conversely, a bearish trend reversal may result in the market losing momentum and the price testing its low of $85 this month.
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