Bitcoin SV

Bitcoin

Million

Resistance

Coin

<ul class="list-ic vertical"> 
 <li> <span>1</span> <a>The Bitcoin SV coin’s price decreased by 9.27% over the last week and is trading below major EMAs.</a> </li> 
 <li> <span>2</span> <a>The price of the BSV coin is trading at $33.05809 and the 52-week trading range is $18 – $56.</a> </li> 
</ul> 
<p>BSV is a digital currency that tries to follow the original idea of Bitcoin as a system for online payments. It wants to provide fast, stable, and advanced features for business-level applications. BSV came from a split of BCH, another version of Bitcoin, in 2018.</p> 
<p>The total value of Bitcoin SV (BSV) would be $693,489,848 if all 21 Million BSV tokens were in the market today. This is the fully diluted valuation (FDV) of BSV, which is a statistical measure of the maximum market cap.&nbsp;</p> 
<p>According to Coingecko, a website that provides cryptocurrency data, not all BSV tokens have been released yet. The release schedule of BSV tokens depends on how they are designed. It might take a long time for the FDV to be reached.</p> 
<p>BSV crypto plummeted by 1.01% in market value and by 32.44% in trading volume in the last 24 hours, as per Coinmarketcap which is a crypto data and information website. Its market value is $636,385,570 and its trading volume is $29,289,618. There are 19,266,077 BSV in circulation.</p> 
<p>Bitcoin SV (BSV)’s open interest is $8.83 Million, as per Coinglass, which is a crypto analysis website. It fell by 6.29% in the previous session. The long versus short ratio for 24 hours is 0.9728. The total number of short positions added in the last 24 hours is $31,502.004 against longs of $75,021.771.</p> 
<h2 class="wp-block-heading" id="strong-bsv-coin-price-technical-analysis-in-the-1-day-timeframe-strong"><strong>BSV Coin Price Technical Analysis in the 1-Day Timeframe</strong></h2> 
<p>BSV coin has done well this month, as it has gained 10.72% in price compared to the last month. But BSV has been quite volatile in the past six months, as it has shed 9.67% of its value in that time. The year-to-date return of BSV price is also negative, as it fell by 3.69% since the start of the year. This shows that the BSV coin has not been a good investment so far this year.</p> 
<p>Therefore, BSV price might keep going down and find new support levels at $30 and $27 if it cannot hold the current level.</p> 
<p>On the other hand, if the BSV price stays at the current level and breaks above the previous high, then it might reach and surpass the previous resistance levels of $40 and $44.</p> 
<div class="wp-block-image"> 
 <figure class="aligncenter">
  <img decoding="async" loading="lazy" width="1141" height="637" src="https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-357.png" alt="Bitcoin SV 2023: Can BSV Price Boost Above Yearly High of $50?" class="wp-image-175163" srcset="https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-357.png 1141w, https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-357-300x167.png 300w, https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-357-1024x572.png 1024w, https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-357-768x429.png 768w, https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-357-750x419.png 750w" sizes="(max-width: 1141px) 100vw, 1141px">
  <figcaption class="wp-element-caption">
   Source: BSV/USD.1D.CRYPTO by TradingView
  </figcaption>
 </figure>
</div> 
<div class="wp-block-image"> 
 <figure class="aligncenter">
  <img decoding="async" loading="lazy" width="989" height="567" src="https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-357.png" alt="Bitcoin SV 2023: Can BSV Price Boost Above Yearly High of $50?" class="wp-image-175162">
  <figcaption class="wp-element-caption">
   Source: BSV/USD.1D.CRYPTO by TradingView
  </figcaption>
 </figure>
</div> 
<div class="wp-block-image"> 
 <figure class="aligncenter">
  <img decoding="async" loading="lazy" width="989" height="567" src="https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-356.png" alt="Bitcoin SV 2023: Can BSV Price Boost Above Yearly High of $50?" class="wp-image-175161" srcset="https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-356.png 989w, https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-356-300x172.png 300w, https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-356-768x440.png 768w, https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-356-750x430.png 750w" sizes="(max-width: 989px) 100vw, 989px">
  <figcaption class="wp-element-caption">
   Source: BSV/USD.1D.CRYPTO by TradingView
  </figcaption>
 </figure>
</div> 
<p>At the time of publishing, <a href="https://www.thecoinrepublic.com/2023/10/10/why-bitcoin-sv-crypto-is-consistently-facing-bearish-pressure/" target="_blank" rel="noreferrer noopener">Bitcoin</a> SV (BSV) is trading below the 20 and 50-day EMAs (exponential moving averages).&nbsp;</p> 
<p>The MACD line at 0.7180 and the signal line at 0.92270 are below the zero line both lines cross each other and show a bearish crossover which is observed in the MACD oscillator tool, where the histogram width is lean indicating price consolidation or trend continuation.</p> 
<p>The current value of the RSI is 48.43 points and the 14-day SMA is above the median line at 58.21 points, showing the curve is taking resistance from 14 SMA.</p> 
<h4 class="wp-block-heading"><strong>Conclusion</strong></h4> 
<p>BSV price chart highlights the <a href="https://www.thecoinrepublic.com/2023/10/10/why-bitcoin-sv-crypto-is-consistently-facing-bearish-pressure/" target="_blank" rel="noreferrer noopener">bearish</a> sentiments and perspectives of investors and traders regarding the BSV in the daily time frame. The technical parameters of the BSV price suggest the continuation of the bearishness over the daily time frame chart. Moreover, BSV price action highlights a bearish to consolidation view at the time of publishing as it is at an important support zone.</p> 
<h4 class="wp-block-heading"><strong>Technical Levels</strong></h4> 
<ul> 
 <li><strong>Support levels:</strong> $30 and $27</li> 
 <li><strong>Resistance levels: </strong>$40 and $44</li> 
</ul> 
<h5 class="wp-block-heading"><strong>Disclaimer</strong></h5> 
<p>In this article, the views and opinions stated by the author, or any people named are for informational purposes only, and they don’t establish the investment, financial, or any other advice. Trading or investing in cryptocurrency assets comes with a risk of financial loss.</p>

Bitcoin SV 2023: Can BSV Price Boost Above Yearly High of $50?

Table of Contents

Thecoinrepublic.com

Other articles published on Oct 11, 2023

Growing Ethereum Open Interest Points to Bullish Momentum

Visa announces $100M fund for AI innovations, The Graph & InQubeta uptrend begins

New Circulating supply at WeRent!

Wormhole Foundation, Borderless Capital and Outlier Ventures Launch The Wormhole Base Camp Accele...

Oracle Stock Analysis: Has ORCL Stock Entered a Correction Phase?

CoinMarketCap Launches ChatGPT Plugin to Simplify Crypto Analysis

Join our free newsletter for daily crypto updates!