- Despite attempts by BTC domination to hinder the process, the BSV price is currently moving in a positive upswing.
- The technical indicators look in the favor of the bulls to make a breakout this time.
- The BSV/BTC pair is at 0.002546 BTC with an insignificant loss of 0.03%.
The BSV price is moving on a good uptrend movement though BTC domination tried to interrupt the process, the BSV bulls made the price rise to approximately 20% in 12 days. As we know the recovery is not enough so the bulls need to be consistent to make a considerable recovery.
As now the leader Bitcoin has started recovering and touched the mark of 23K the other altcoins got some support, which is in favor of the bulls. While the price is trading inside the descending triangle pattern bulls need to take care of the breakout or else the coin will suffer a collapse which makes it difficult for the bulls to make the coin recover. If the same situation persists it looks like the bulls will make a successful breakout.
için geçerli fiyat BSV stands at $58.65 with a loss of 0.48% in its market capitalization in the last 24 hrs. The coin has a trading volume of 62 million which is at the loss of 24.76% in the 24 hrs trading session which should be a prime concern for the bulls now and has a market cap of 1.1 billion. The volume market cap ratio for BSV is 0.05692.
Can Bulls Register a Successful Breakout
While analyzing we can observe a good uptrend movement over the short and long-term price chart. Though the price is trading inside a descending triangle pattern over the daily chart the bulls are about to make a breakout.
The MACD supporting the same shows the MACD line is moving above the MACD signal line along with the histograms growing green. The relative strength index riding on bulls is skyrocketing indicating the increase in buying. The RSI value is above 55.
Sonuç
The BSV price is moving on a good uptrend movement though BTC domination tried to interrupt the process, but the BSV bulls made the price rise to approximately 20% in 12 days. If the same situation persists it looks like the bulls will make a successful breakout from this descending triangle. The technical indicators appear to be on the side of bulls this time which may be a relief for the investors.
Teknik seviyeler
Direnç seviyeleri: 61.3 $ ve 68.1 $
Destek seviyeleri: 55.4$ ve 49.2$
Feragatname
Yazar veya bu makalede adı geçen kişiler tarafından belirtilen görüş ve görüşler yalnızca bilgilendirme amaçlıdır ve finansal, yatırım veya başka bir tavsiye içermez. Kripto varlıklarına yatırım yapmak veya alım satım yapmak, finansal kayıp riskiyle birlikte gelir.
Source: https://www.thecoinrepublic.com/2022/08/15/the-bsv-price-analysis-the-bsv-bulls-are-pushing-the-price/