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Price Analysis

Will BSV Valuation Work Towards Building the Future?

Bitcoin SV seems to be taken seriously as an investment option now. BSV team once commented that this currency is all about building the future. Many of the users seem to be convinced with the same, considering the recent trades and prediction which were made by Bitcoin SV development team.

Bitcoin SV Price
Bitcoin SV Chart By TradingView

Bitcoin SV price fluctuation is quite noticeable when concerned with the past 5 days. Initially, the value was trading at the lowest touchpoint of $117.022 as on September 14, 2019 at 02:45 UTC. Bitcoin SV price then escalated by 6.56% as of September 15, 2019 at 11:30 UTC trading value at $124.69. On the same day, the value dropped by 5.38% which led to BSV at the trading price of $118.015.

The value then saw a tremendous surge by 10.06% yesterday, at 14:25 UTC when the price of BSV witnessed the highest touch point of $129.89. However, the current trading price has dropped by 7.08% when compared with the latter price mark.

Bitcoin SV is seen trading in the strong bearish zone as of now, which means traders might be interested in the investment of BSV from a long-term perspective.

BSV Price
BSV Price Chart

However, analyzing the short-term movement, we see a constant downslide in the price over the past 24 hours except the highest price observed around $129.929.

BSV Price Chart
BSV Price Chart

On the other hand, if we observe the year-to-date movement of the coin, we see that BSV is reflecting a constant drop after June 21, 2019. However, the coin has shown terrible progress since the start 2019 until now and can be considered with a long-term investment perspective.

The calculated resistance and support levels are as follows:

Resistance Levels:

R1: $129.81, R2: $133.82, R3: $137.61

Support Levels:

S1: $122.01, S2: $118.22, S3: $114.21

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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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