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 Analysis
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. But it cannot be denied that the future of the coin seems bright, which can be judged on the basis of Bitcoin SV price prediction.
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.