With BSV price hovering close to its $100,000 mark, top Bitcoin-based altcoins have gained significantly in their respective portfolio. Moreover, the BSV token has gained the market limelight with its impressive short-term gains.
With the Bitcoin price hovering close to its $100k mark, will BSV price continue gaining momentum this week? Or will this altcoin face a strong bearish reversal during the upcoming time? You are minutes away from exploring the possibilities!
The BSV price has maintained its bullish price action by adding ~6% to its valuation in the last 24 hours with a trading volume of $181.99 million. Furthermore, it has surged 10.97% over the last seven days and 49.89% this month.
The Moving Average Convergence Divergence (MACD) displays a constant green histogram in the daily time frame with its averages experiencing a steady rise. This highlights that the price may continue gaining value this week.
Moreover, the EMA 50/200-day has recorded a Golden Cross in the BSV price chart, indicating an increase in the buying-over-selling pressure for the altcoin in the upcoming time.
If the bullish sentiment sustains, the Bitcoin SV price will head toward its resistance level of $86.60. Maintaining the price above that level could set the stage for this altcoin to retest its upper resistance level of $100 this month.
On the flip side, if the bears outrun the bulls, the BSV coin price will retest its support level of $70. Furthermore, if the bearish sentiment intensifies, this could result in it plunging toward its lower support trendline of $55 this year.
Curious to know the long-term prospect of this altcoin? Read CoinPedia’s Bitcoin SV Price Prediction and also subscribe to stay updated on the latest crypto news!
With an intraday jump of 6.86%, the BSV price is currently valued at 74.64.
Calvin Wright and Calvin Arye are the co-founders of the Bitcoin SV cryptocurrency project.
The circulating supply of the Bitcoin SV cryptocurrency is 19.79 million BSV tokens.
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