Bitcoin SV News

Bitcoin SV Shoots Up with Bullish Bias; Gained 41.15% Overnight

Bitcoin SV seems to have taken full advantage of the ongoing bullish market trend. It has become one of the highest gainers in the market, with a whopping 41.15% boom in just a day. At the time of writing this piece, BSV coin roams around $165 that has traveled from $116.

Bitcoin SV Price Analysis

BSV opened the day at $116.82, and most parts of its initial hours were inactive. However, after 11:30 UTC, it started growing, and by 16:04 UTC, it has managed to reach $158.77 that is almost 35.91% above yesterday’s opening price of BSV. The next swing happened between 16:18 and 00:20 UTC. Over these 8 hours, the currency touched its peak point of the three months at $177.13. At 00:20 UTC, BSV coin started weakening and got down by 9.19% to be placed at $160.85 by 02:08 UTC.

BSV NewsBetween January 09 & 10, the market cap was hiked to 3.092 billion USD from 2.127 billion USD. However, the current market cap is at a little lower position of 2.998 billion USD.

BSV’s current price at $164.9 is 0.10% above its 20 days MA ($164.72). However, its 50 days MA ($165.55) has been going with a decent margin of 0.39% from the current value. As per the current trend and historical data, Bitcoin SV may fetch more upside movements in the short-term. However, there are still some possibilities that the coin may reverse the current trend.

Jason Palmer

Jason Palmer joined CoinNewsSpan as an editor and analyst. He has over five years of experience as a forex analyst. He holds a master's degree in business administration with specialization in finance. He is actively involved in analyzing the prevalent crypto trends. He has a keen interest in commodities and forex trading.

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