Bitcoin SV Price Lacks Momentum; Trades Below $200

At the press time, BSV price was seen trading at $172.44 and is trading amongst the top 15 cryptos of the market. Although the market lacks momentum and Bitcoin SV is seen trading with a flattish momentum below $200 but is trading amongst the lucrative cryptos of the market. With stabilizing prices of BSV, the market cap is also seen drawing a flattish curve with not a massive change in the latter due to the former variable.

However, it was in the earlier quarter when Bitcoin SV was seen strengthening and breached 5-month resistance at $260 but failed to breach above due to lack of traction. It was then when BTC hit above $11.5k for the first time in the year after pulling as low as $3.4k in March when the market crashed with a bang due to COVID-19.

Bitcoin SV Price Lacks Momentum; Trades Below $200

Bitcoin SV Price Analysis

Bitcoin SV News
BSV/USD Chart By TradingView

At the time of penning down this analysis, BSV price was seen trading at $172, and the price trend of the crypto is seen maintaining a flattish momentum against the US Dollar. With intermittent dips and rise, Bitcoin SV failed to breach though and, therefore, did not experience a steep breakthrough just like other altcoins of the market.

BSV coin is also failing to retain support from 200-day MA but retaining support from 50-day MA at $170, and with the intraday pullback, it is likely to test the latter support as well.

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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