- Bitcoin SV price over the monthly chart is trading slightly bullishly, with a rising support line with lower volume activity.
- The crypto asset over the chart jumps above the 20 and 50-day short-term moving averages while struggling to suppress 100 and 200-DMA lines.
- The pair of BSV/BTC is trading on the bearish momentum at 0.003747 BTC with a significant intraday loss of -9.98%, and the ratio of BSV/ETH is at 0.05511 ETH with a 24-hour change of -13.13%.
Bitcoin SV price at the monthly chart is trading on a gradual bullish momentum with a rising support line. Whereas the crypto asset trades with higher highs and lower lows patterns, the volume activity needs to improve. Volume over the monthly chart is average, which creates needs to improve in upcoming trading sessions.
Currently, the coin is trading above the short-term DMA of 20 and 50-day lines. However, the digital asset is facing difficulty clearing or suppressing its major DMA lines of 100 and 200-day lines. The sustainability above the all vital MA lines of 20, 50, 100, and 200-day, with supportive volume action, will boost more buyers. The support on the lower side is at $151 and $133, whereas resistance on the higher side is at $209 and $224.
Bitcoin SV price is trading sideways after a strong bullish trend
On the weekly chart, Bitcoin SV price is trading sideways after a strong bullish trend with higher volume action. Volume over the monthly chart is lower and needs to improve in the upcoming trading session. The technical parameters are indicating consolidation after bullish momentum and indicate no clear trend. Presently, the coin is trading at $167 levels with a significant intraday loss of -10.05%, and the volume to market cap ratio is at 0.1685.
Relative Strength Index (NEUTRAL): Bitcoin SV price RSI presently indicates a sideways or flat trend over the weekly chart. In contrast, the RSI is trying to move higher after sideways action and now CMP at 55.
Moving Average Convergence Divergence (MIXED) indicates the mixed trend on the daily chart after a minor bullish rally. The buyer’s signal line (blue) and the seller’s (orange) overlap.
Support levels: $151 and $133
Resistance levels: $209 and $224.
Read more:Bitcoin SV Price Steady Momentum Facing Hurdle of DMA lines
