- Bitcoin SV price over the monthly chart is trading on a bullish note, with a rising support line with lower volume activity.
- The crypto asset over the chart jumps above the 20 and 50-day short-term moving averages while still trading below 100 and 200-DMA lines.
- The pair of BSV/BTC is trading on the bearish momentum at 0.003425 BTC with an intraday loss of -1.18%, and the ratio of BSV/ETH is dealing at 0.04889 ETH with a 24-hour change of -1.93%.
Over the monthly chart, Bitcoin SV price is trading on a bullish note with a rising support line. Whereas the crypto asset is trading with higher highs and lower lows patterns, the volume activity needs to improve. Volume over the monthly chart is lower, which creates divergence with the price action and needs to improve in upcoming trading sessions. Currently, the coin is trading below its vital moving averages of 20 and 50-Day lines. BSV, trading below 100 and 200-DMA lines, can face a price rejection of 100 and 200-DMA lines in upcoming trading sessions. The support on the lower side is at $132 and $113, whereas resistance on the higher side is at $168 and $185.
On the weekly chart, Bitcoin SV price is trading under the strong bullish trend with higher highs and lower lows pattern. Volume over the monthly chart is lower and needs to improve in the upcoming trading session. The technical parameters are indicating strong bullish momentum and are heading towards the overbought zone. Presently, the coin is trading at $159 levels with an intraday gain of +3.05%, and the volume to market cap ratio is at 0.1359.
Relative Strength Index (BULLISH): Bitcoin SV price RSI presently projects positive or bullish momentum over the weekly chart. In contrast, the RSI is heading towards the overbought zone with a gradually bullish momentum CMP at 65.
Moving Average Convergence Divergence (BULLISH) currently indicates a bullish trend on the daily chart. This is because the buyer’s signal line (green) overlaps the seller’s line (red) after a good consolidation.
Support levels: $132 and $113
Resistance levels: $168 and $185.