Bitcoin SV (BSV) Starts the Week With a 10.5% Slump

Bitcoin SV price has been down by 10.46% over the last 24 hours, and it has been through four major swings that show the volatility in the value over the last day. The value has now gone well below 100 USD.

Bitcoin SV Price Analysis

The BSV price prediction indicates that the BSV coin started the day at 108.610 USD, and over the next 8 hours, it lost 4.89% that cost 5.310 USD, and pushed it to 103.30 USD. The next variation happened between 09:47 UTC and 16:15 UTC, and in these 6 and half hours, Bitcoin SV lost another 8.01%, and the value got placed at 99 USD. However, the next four and half hours from 16:15 UTC showed some strength, and it helped BSV coin to add 5.760 USD. Towards the closing of the day, the coin again started weakening, and with a loss of 7.760 USD, Bitcoin SV price reached 97 USD by 01:40 UTC today.

Bitcoin SV Price
BSV Coin Price Chart By TradingView

The market cap also has shown a huge decline in these hours. The market cap on November 24 was 1.814 billion USD, and now it has fallen to 1.780 billion USD.

BSV coin’s 20 days MA stands at 98.901 USD, and it’s 50 days MA stands at 98.877 USD. Currently, Bitcoin SV price is being traded at 97.241 USD, and it is 1.67% and 1.65% less than the 20 days and 50 days moving averages, respectively. As per the current trend, the currency is likely to fall to 94.23 USD next as its support.

Bitcoin SV (BSV) Resistance and Support Levels
1st Resistance $ 106.5833333
2nd Resistance $ 112.7566667
3rd Resistance $ 115.8433333
1st Support Level $ 97.32333333
2nd Support Level $ 94.23666667
3rd Support Level $ 88.06333333

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.

Related Articles

Back to top button