The last week has given stability to most coins in the market. However, Bitcoin SV has shocked the market with its ultra-bullish trend of the previous seven days. The coin price has managed to rise as high as $163.759 from $110.1 in these seven days. BSV coin may get sustained near $165 in the coming days.
Bitcoin SV Price Analysis
BSV price was at $110.1 on January 06, and over the next four days, it went up by 41.31% that added $45.48 to the value. On January 10, the price has reached $155.58. The next variation came right after this swing. Between January 10 and 11, Bitcoin SV could find an upsurge to the extent of 19.11% that took the price to the highest of the day at $177.48. Since then, it has been riding on a slope. As per the current data, BSV coin has already made a loss of 8.18%, and the value against USD has been dropped to $163 price level.
Bitcoin SV’s current price at $163.759 is trading above its 50 days MA ($162.601) and 20 days MA ($163.433). It hints at upcoming bullish days ahead for BSV coin. However, BSV is unlikely to protect itself from a price surge in the future. According to Bitcoin SV price forecast, Investors are advised to trade cautiously.
Resistance and Support Levels
R1: $173.02, R2: $181.03 and R3: $193.25
S1: $152.79, S2: $140.57 and S3: $132.56