BSV Price Analysis – July 27
The Bitcoin SV price is seen creating a new upward movement as the coin mounted up by 0.63%.
Resistance levels: $150, $160, $170
Support levels: $110, $100, $90
As the daily chart reveals, BSV/USD is seen changing hands around $130,950. However, the opening price of today’s price begins with a slight downtrend in the market as the coin moves to touch the daily high of $133.370 after which it is currently trading near the daily high. Moreover, traders are anticipating that the current price movement is an indication of the upcoming price rally in the market.
BSV Price Analysis: Is Bitcoin SV Ready for the Upside?
Looking at the daily chart, the Bitcoin SV price may likely cross above the upper boundary of the channel and once this is done, bulls may face resistance levels at $150, $160, and $170 respectively. However, as the technical indicator Relative Strength Index (14) moves to cross above 50-level. Therefore, BSV/USD can manage to sustain the slight bullish movement towards the $140 resistance level. Meanwhile, if the price makes a quick turn to the south, the support levels are located at $110, $100, and $90 respectively.
BSV/BTC Market: Keeps following the Downtrend
Against Bitcoin, the BSV price is currently facing a downtrend as the coin trades below the 9-day and 21-day moving averages. At the moment, bulls couldn’t push the coin towards the positive side as the technical indicator Relative Strength Index (14) moves into the oversold region.
However, if the bears continue to drag the price towards the lower boundary of the channel, BSV/BTC may likely fall to the support level of 3000 SAT and below. Meanwhile, should in case the bulls push the price above the 9-day MA, staying there may cause the coin to hit the resistance level of 4000 and above.