Bitcoin SV, at the time of writing this analysis, was trading at $197 with a strong resistance formed at $200. BSV/USD has been drawing a subtle and notable uptrend on the 4-hourly chart since the mid of the previous month. This has helped the coin to regain the lost support after falling from a 3-month high around $383.
The steady downtrend after the stated high took the BSV coin to retest the December 2019 support around $88 against the greenback. Although the coin draws no massive gains, it has undoubtedly rebounded from the utter bottom and rose gradually rose above $150, $180, and $190, with an intermittent 30-day high marked at $225.
Bitcoin SV, the hard fork of Bitcoin Cash, is seen having a price accumulation yet draws fine uptrend. When compared to the king of cryptos—Bitcoin, BSV is more volatile in nature, although the latter is experiencing a notable steep rise in the price. Just when BTC drew a temporary crossover above $7.3k, BSV price had an intermittent hike above $200 and $220. Also, if noticed carefully, Bitcoin SV price had a slow yet steady and steep growth after the previous month’s crash when the price of Bitcoin had drowned around the yearly lows at $3,800.
The technicals also throw an accumulating signal as the MACD of BSV, and the signal line moves together slightly above zero, while the RSI of the coin is at $51.87 and holds no trading extremities at present, instead appears flat.
