Price Analysis

Bitcoin SV (BSV) Registers 6.5% Plunge in the Intraday Price Movement

Bitcoin SV holds high expectations of the traders. The currency has given a great return in the past, and the traders are expecting the same in the future too. The current market condition is not good. It has affected the BSV coin too. The same has caused heavy pullback in the price, and hence, the currency is spotted falling. Yesterday, the currency touched a high of $111.9 and a low at 106.23. The volume was at $520,424,423.

Bitcoin SV Price Analysis

Yesterday, Bitcoin SV started dealing at $109.614. The coin price slipped to $106.027 by 3.35%. The price escalated to $109.5 by 3.28% in the later hours. The coin couldn’t hold itself at the level and fell to $105.9 by 3.68%. The currency closed the day at $106.40. The intraday movement in the coin registered a 2.91% regression in Bitcoin SV price. Today, the coin started with an escalation. The price jumped to $108.064 by 1.56%. The currency slipped to $101.9 by 5.74%. The coin recovered in the later hours and touched $102.530. The price of Bitcoin SV has dropped by 3.72% since the opening hour.

Bitcoin SV
BSV Chart By TradingView

The coin is currently dealing at $102.530. Bitcoin SV has breached the immediate support level at $104 and is heading towards the next support level at $102.2. There is a possibility for BSV coin to violate the major support level at 98.76 in some hours.

Resistance Level Price
R1$110.28
R2$114.2
R3$116.04
Support LevelPrice
S1$104.52
S2$102.2
S3$98.76

Bitcoin SV is speculated to escalate astoundingly soon. Hence, the investment in the coin is likely to bring a fruitful return in future. The traders are recommended to opt long-term investment to earn a colossal profit.

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Mehak Punjabi

Mehak Punjabi is a post graduate in MBA with specialization in Finance and has joined CryptonewsZ with a skill building view in the world of cryptocurrency and blockchain. She is dynamic and a quick learner with a hold on financial analysis.
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