Accumulate

Bitcoin SV

Bitcoin

Resistance

Time

<ul class="list-ic vertical">
 <li><span>1</span> <a>BSV price prediction stays bullish for the short term, till it sustains above the $60.&nbsp;</a></li>
 <li><span>2</span> <a>Bitcoin SV price fell 12% approximately in the last session and witnessed profit booking.</a></li>
 <li><span>3</span> <a>It retraced down and tested the $71.00 level in the last session.</a></li>
</ul>
<p>BSV price prediction remains bullish for the short term as well for the long term till it sustains above $60 support. Recently, the bullish momentum has taken a halt and the price faces rejection from the $112.00 hurdle. It shows that sellers are getting active and trying their best to restrict the further upside.&nbsp;</p>
<p>Bitcoin SV price fell 12% in the last trading session and witnessed sharp profit booking from the higher levels. The chart pattern says that this crypto price got stretched. So, it is just showing a temporary retracement and very soon buyers might come forward to halt the downfall.&nbsp;</p>
<p>The trend of BSV is still in the upward direction because the price is sustaining above both the EMAs. The crypto is coming closer to the 50-day EMA, which may act as immediate support for the bulls.&nbsp;</p>
<p>In the last session, this coin hit a swing low at $71.09 and displayed a sharp recovery. It clearly shows the presence of buyers at the lower level who are ready to accumulate BSV at a cheaper rate.&nbsp;</p>
<p>Currently, the Bitcoin SV crypto price is trading at $84.75 with a one-day decrease of -2.08%.</p>
<h2 class="wp-block-heading" id="strong-bsv-price-analysis-should-investors-go-for-buy-on-dips-strong"><strong>BSV Price Analysis: Should Investors Go for Buy on Dips?</strong></h2>
<div class="wp-block-image">
 <figure class="aligncenter"><img decoding="async" src="https://lh7-us.googleusercontent.com/Avf4FyX5HESLqhV2TX4KTi2ExyMo5S2NACi3ziAEithJSEUfAyakvXjtZsAGPzQvdgOerhbHUomVS729oaOl7xry89SGM0fR2ywBRCLJq4akAvd-2YDJjuGBjdUlS96N6ztIUyC53Act2zNnEGW38h0" alt="BSV Price Tumble 12%; Time To Accumulate Bitcoin SV at Cheap Rate?">
  <figcaption class="wp-element-caption">
   Source: <a href="https://www.tradingview.com/x/aqSRcEcR/" rel="noopener noreferrer nofollow">BSV/USDT</a> daily chart by Tradingview
  </figcaption>
 </figure>
</div>
<p>BSV price is reversing down and bears are trying to erode the majority portion of December 2023 gains. It loses momentum but buyers are not ready to step back and seem like waiting for dips to build fresh longs.&nbsp;</p>
<p>The performance of <a href="https://www.thecoinrepublic.com/2023/12/28/bitcoin-sv-registers-fresh-52-week-high-of-97-next-aim-100/" target="_blank" rel="noopener noreferrer nofollow">Bitcoin SV </a>in the last month has made clear that big investors are bullish on it. So, they might have injected money at lower levels and would go to any extent to defend the $60 support.&nbsp;</p>
<p>Therefore, new participants can take this downfall as an opportunity to buy <a href="https://www.thecoinrepublic.com/2023/12/28/bitcoin-sv-registers-fresh-52-week-high-of-97-next-aim-100/" rel="noopener noreferrer nofollow">BSV</a> at a cheaper price.&nbsp;</p>
<h3 class="wp-block-heading" id="strong-what-s-the-new-supply-zone-in-bitcoin-sv-price-strong-strong-strong"><strong>What’s the New Supply Zone in Bitcoin SV Price</strong><strong>?</strong></h3> 
<div class="tradingview-widget-container">
 <div class="tradingview-widget-container__widget"></div>
 <div class="tradingview-widget-copyright"><a href="https://www.tradingview.com/" rel="noopener noreferrer nofollow" target="_blank"><span class="blue-text">Track all markets on TradingView</span></a>
 </div>
 <script type="text/javascript" src="https://s3.tradingview.com/external-embedding/embed-widget-advanced-chart.js" async>
  {
  "width": "900",
  "height": "550",
  "symbol": "OKX:BSVUSDT",
  "interval": "D",
  "timezone": "Etc/UTC",
  "theme": "light",
  "style": "1",
  "locale": "en",
  "enable_publishing": true,
  "allow_symbol_change": true,
  "studies": [
    "STD;RSI",
    "STD;Supertrend"
  ],
  "support_host": "https://www.tradingview.com"
}
  </script>
</div> 
<p>Bitcoin SV price corrected 25% from the recent swing high and bears showed their presence on a higher level. For the coming months, the $100 to $112 range will act as a supply zone for the bulls.&nbsp;</p>
<p>Until buyers succeed in pushing the price above the supply zone the price may lack momentum. The other probability may be that the price entered into the consolidation phase to form a strong base.&nbsp;</p>
<h4 class="wp-block-heading"><strong>Conclusion</strong></h4>
<p>BSV price prediction is mildly bullish for the short term till the price holds $60 support. However, the price will pick up momentum when buyers can regain the $100 mark.&nbsp;</p>
<p>The analysis suggests the downfall in Bitcoin SV looks temporary, so investors should accumulate it to generate nominal gains.&nbsp;</p>
<h5 class="wp-block-heading"><strong>Technical levels</strong></h5>
<ul>
 <li>Resistance levels: $100.02 and $112.92</li>
 <li>Support levels: $70.17 and $55.57</li>
</ul>
<h5 class="wp-block-heading"><strong>Disclaimer</strong></h5>
<p>The views and opinions stated by the author, or any people named in this article, are for informational purposes only. They do not establish financial, investment, or other advice. Investing in or trading crypto assets comes with a risk of financial loss.</p>

BSV Price Tumble 12%; Time To Accumulate Bitcoin SV at Cheap Rate?

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Thecoinrepublic.com

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