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.
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.