The crypto industry is readying itself for the upcoming Bitcoin Halving coming in May 2020. In anticipation of the upcoming event, Bitcoin and its family are showing great results. Bitcoin is nearing the $10K price range. Even, Bitcoin Cash is trading in green zone displaying Bullish sentiment. However, Bitcoin SV is excelling in the price factor. The BSV price had reached its All-time high in Jan 2020. Looking at the price chart, the price is again teasing the ATH price.
BSV Price Analysis:
As of writing, Bitcoin SV is in the 5th position. BSV is trading at $361.95 with a 5.95% rise against USD. The BSV/BTC is trading at 0.03693099 BTC with 6.15%. With the constant upstream, Bitcoin SV price is all set to reach its all-time high of $435.
Looking at the one –month chart, it can be easily said that BSV is trying to overcome any bearish attitude and is slowly treading towards bull run. Let us see what technical analysis have to say about these numbers.
BSV Technical Analysis
TradingView chart shows bullish sentiment in the near future.
RSI Indicator – TheRSI Price chart is nearing the restraining level 70. It seems to cross the level in some time depicting the upcoming bull zone.
MACD Indicator – The MACD Indicator is above the 0 level. However, from last few days, the BSV price is showing indications of negative support.
Based on the technical analysis, it can be definitely said that BSV has a bull run.
Factors affecting Bitcoin SV price –
- Bitcoin SV possibly will be added on the Coinbase exchange.
There are rumors on social media sites that Coinbase exchange will list Bitcoin SV and open trading options for this crypto. Though the exchange has not confirmed the news, the anticipation has caused Bitcoin SV price to gain momentum.
- Bitcoin SV halving in May 2020.
This is a known factor for every person in the crypto industry. The upcoming Bitcoin and Bitcoin SV halving has piqued the industry’s curiosity. The crypto has been changing hands frequently in 2020 resulting it to set an ATH target.