Bitcoin SV [BSV] Price Analysis: Price Rises as Price Increases Increase

The global market has grown again, adding $ 4 billion to the stock market capitalization over the past weekend. Bitcoin SV [BSV], the piece from the top 10 by Binance Coin [BNB] is trading pretty well in the bull market.

The value of Bitcoin SV has increased by 2.97% against the US dollar and is currently trading at $ 63.90. The market capitalization of the coin amounts to $ 1.12 billion, just under $ 200 million behind Binance Coin.

In terms of exchange volume dominance, the coin occupies a prominent place in the Bit-Forex exchange, occupying the top two places and accounting for 10.14 million USD, or 10.1% in the BSV / USDT trading pair and $ 9 million or 8.96% in the BSV / BTC. trading pair. Third place is occupied by Bit-Z, via the BCHBSV / BTC trading pair, which represents 8.54 million dollars, or 8.5%.

1 hour

Source: Trading view

The one-hour trend line indicates that the coin experienced three notable upward trends, the first from $ 63.26 to $ 64.02, the second from $ 63.18 to $ 63.90, and the last from $ 63.19 to $ 65.72.

Bitcoin SV notes immediate short-term support of 62.74 USD. Immediate short-term resistance has risen from 64.11 USD to 65.98 USD, while a bullish wave has swept the collective market.

the Bollinger Groups show a mbadive increase in volatility as prices have risen rapidly, while the moving average line indicates a significant uptrend.

the Chaikin flow tools indicates a decrease in the amount of money injected into the room when the FMC line is less than 0.

the Fisher Transformation The line shows a bullish wave when the Trigger Line has been overtaken by the Fisher line.

One day

Source: Trading view

The one-day chart for Bitcoin SV is beginning to show some positive signs, as a wave of stabilization seeks to repel bears. The coin has seen a downward trend since its appearance, rising from $ 114.44 to $ 66.42. Previously, the coin had gone from $ 77.54 to $ 115.8.

Bitcoin SV finds immediate support at $ 61.14, an amount not touched since the coin's emergence. The immediate resistance level of the coin rises to $ 68.88.

the Parabolic SAR shows that the coin is in a bullish phase because the dotted lines are below the trend line of the coin.

the Awesome Oscillator shows that BSV is currently trading below 0. However, the conclusion bars are green, indicating that a bullish trend is emerging.

the relative strength index the interest of investors, the price of the coin having recently increased with the collective market. Bitcoin SV saw the RSI go from 37.27 to 44.90.

Conclusion

Bitcoin SV has been pushed by the increases in the collective market. However, cash flow remains a problem, as indicated by the Chaikin Money Flow tool. In the short term, the coin is trading with a bullish insurgency and, as pointed out by the Bollinger Bands, the volatility of the coin is very high. However, in the long run, the coin seeks to use this upward trend to break out of a month-long stabilizing madness.