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      Bitcoin SV (BSV) – What is the Chart Showing Us? - Stocks Telegraph

      By Ammar Mukhtar

      Published on

      December 10, 2021

      5:21 AM UTC

      Bitcoin SV (BSV) – What is the Chart Showing Us? - Stocks Telegraph

      At the time of writing BSV is being traded at the rate of $139.95 with a decrease of almost 4.91% within the last 24 hours.

      The low within this tenure was around $139.22 and the high was approximately $155.88. The coin as being in the watchlist of many traders makes it rank all the way up to number 56th according to the latest data released by coin market cap.

      BSV made its all-time high in the month of April 2021 where it reached an enormous amount of $494.267. In November BSV fell down to a price of $12.910. At the moment it has a daily volume of $326,568,508 with a decrease of 58.71% within the last 24 hours. The circulating supply of BSV is now around 18.98M and the maximum supply is 31M. BSV has a dominance of 0.11%.

      The top exchanges for trading BSV are currently OKEx, KuCoin.

      Technical Analysis – Bitcoin SV

      Even on the monthly time frame, we can see that the price had been slow to gain anything. There are wicks that called for a higher high. But the major portion of the price is at consolidation.

      The price had been respecting the trend line for quite some time and has bounced back from this support many times. Now for the past three to four months, BSV was consolidating on the monthly time frame still above the trend line. This month, the price dropped down and mitigated the very bottom of the level.

      BSV -1M

      We can see that there was an unmitigated order block present at the bottom. This move mitigated it.

      Now the only reason for the price to go down is the imbalance present in the candle. BSV can mitigate this wick at the equilibrium from where we can expect a possible long position. Of course here, we are looking at the monthly time frame. So LTFs should be looked at to have a cleaner entry.

      Price Prediction – Bitcoin SV (BSV)

      Even though BSV has been one of the slow gainers and hasn’t been able to break out successfully. In the long run, traders are highly bullish on the project. The price is currently at the same level where it was in July and has completely retraced back. But according to the wallet investor, BSV isn’t a good investment. The price of BSV is to reach a value of $121.722 in a year.

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