- BSV is trading at $25.30 with a dip of -1.93% in the 24 hours.
- The live market cap of BSV is $485095184.
- BSV faced a massive decline of -18.50% in the last 7 days.
A fork of Bitcoin Cash (BHC) creates Bitcoin SV. BSV was introduced to replace the original Bitcoin protocol defined by version 0.1 of Bitcoin. The main objective of Bitcoin SV is to fulfill the original version of Bitcoin. It was in the Satoshi Nakamoto white paper. It aims to provide scalability and stability in line with the original description of Bitcoin as an electronic cash system. The complete form of SV in Bitcoin SV is “Satoshi Vision.”
Trend Analysis
By studying historical price data, BSV is in a downtrend. The price declined by 18.50% in the last seven days, and BSV is underperforming.
BSV Price Analysis
EMA: BSV Price is trading below the 200-day EMA and 50-day EMA on the daily time frame, which is a negative sign. Investors’ sentiments regarding BSV are negative and are on the selling side.
MACD: The Indicator MACD is giving bearish signals. The MACD line at -2.17739 and the movement line at -1.49780 are below the zero line, suggesting the MACD is in negative territory and giving bearish signals.
RSI: The current value of RSI is 27.38 points, and the 14 SMA line is below the median line, around 37.49 points, showing bearish sentiment in the market. The 14 Day SMA line in RSI is beneath the median and indicates an adverse trend. The market has bearish sentiment as the price is currently at an oversold area.
Stochastic RSI: The %d line is at 0.16 in the stochastic RSI. The %k line is at 0.49 points. The %d line indicates that RSI is in the overbought area. The percentage k line shows negative sentiments regarding the price.
Volume Analysis: BSV trading volume of 24 hours is $7552002.28.
Technical levels
Support – The current support level of BSV is $20.185.
Resistance –The current Resistance level of the BSV is $36.972.
Conclusion
BSV price presently shows a pessimistic scenario according to the near future. Major reliable indicators like EMA, RSI, and MACD are giving negative signals about the BSV coin, and Investors are also not showing any significant buying interest. It could happen because the coin has been performing poorly for a long time.
Disclaimer
The particular analysis is provided for informational purposes only. It should not be taken as financial, Investment, or any other advice. Investing in or Trading Crypto assets comes with a risk of financial loss. Please consider your circumstances and risk profile before making any investment decisions.
