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 Bitcoin SV price prediction, which were made by the Bitcoin SV development team.

https://twitter.com/WheedlApp/status/1174438539737436161

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.

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.

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