Bitcoin Cash

Bitcoin SV

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<p>The post <a rel="nofollow" href="https://coinpedia.org/price-analysis/bitcoin-hard-forks-bitcoin-cash-bch-bitcoin-sv-bsv-cooling-down-has-the-sell-opportunity-triggered/">Bitcoin Hard Forks, Bitcoin Cash (BCH), &amp; Bitcoin SV (BSV) Cooling Down; Has the Sell Opportunity Triggered?</a> appeared first on <a rel="nofollow" href="https://coinpedia.org">Coinpedia Fintech News</a></p> 
<p>Recently, with the rise in Bitcoin prices, the hard forks, Bitcoin Cash &amp; Bitcoin SV, also surged magnificently. The main reason for the BTC price rally is that the popular asset management firm BlackRock, along with a few others, filed for a spot Bitcoin ETF. Besides, now that Bitcoin is considered a commodity, the hard forks are also assumed to have the same status. Hence, the BCH and BSV prices, along with a few other altcoins, also soared iconically.&nbsp;</p> 
<p>After surging by nearly 200% in a week, the prices of BCH and BSV have recorded notable drops. So has the rally faded, and is this the right time to sell these tokens?</p> 
<h2 class="wp-block-heading" id="h-bitcoin-cash-bch">Bitcoin Cash (BCH)&nbsp;</h2> 
<figure class="wp-block-image">
 <img decoding="async" src="https://lh5.googleusercontent.com/_ZsT0-ORikKC0-rPY05alBPRyUB7_O7cR2XV5bNAB2nY8HK3Ne3AHHDdeHqCcUV_UEhrCJr20t2fBhJHmGG1vmr--bKvyPvaUfv51VhiOCFnJBuGueTrPoz_hOuiI0fT8EghW8Z6gSjN99WAKs8i6ug" alt="">
</figure> 
<ul> 
 <li>Ever since the BCH price has marked its yearly high at $329, it has begun to trade within a descending parallel trend</li> 
</ul> 
<ul> 
 <li>The price in the short term has dropped below the 200-MA levels at $270.2 and hence has validated a correction phase.</li> 
</ul> 
<ul> 
 <li>Until the price continues to trade within the channel, the possibility of a bullish reversal may prevail</li> 
</ul> 
<ul> 
 <li>However, if it loses the middle bands of the channel and the interim support at $235.9, then a bearish trend may be certified that may drive the prices toward the lower support zone around $220</li> 
</ul> 
<h2 class="wp-block-heading" id="bitcoin-sv-bsv">Bitcoin SV (BSV)&nbsp;</h2> 
<figure class="wp-block-image">
 <img decoding="async" src="https://lh4.googleusercontent.com/yGPlnPcwbrBmo-zxVtnOT7AGY2DOtL3_sKPQE_qpngLJ6QhvqIKaLOBZjAl4YPo7Z9BkmW1IFRD2caBckWCyH3vvTTHZ41rZto8vkPWMhDdDwzvQwknRvtdrQFZ1IVuFdFkvBE310nJB1HTPn2rMvGk" alt="">
</figure> 
<ul> 
 <li>Similar to BCH, Bitcoin SV’s price is also trading within a descending triangle after marking highs at $56.42</li> 
</ul> 
<ul> 
 <li>The price, after testing the lower support, is trying for a bullish rebound but the bears have intensified their action, restricting the price below $42</li> 
</ul> 
<ul> 
 <li>The RSI in the short term has plunged below the oversold region and has triggered a fine rebound, which may keep the price elevated</li> 
</ul> 
<ul> 
 <li>Besides, the ADX is also bullish, due to which the BSV price is believed to maintain a closed consolidation within the triangle to reach the apex</li> 
</ul> 
<ul> 
 <li>However, a slight pullback to the lower support may offer the catapult action to rise finely in the coming days.&nbsp;</li> 
</ul>

Bitcoin Hard Forks, Bitcoin Cash (BCH), & Bitcoin SV (BSV) Cooling Down; Has the Sell Opportunity Triggered?

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