Bitcoin SV has a greater potential irrespective of its current momentum and trend. The highest touch point was seen on September 22, 2019, at 23:32 UTC with the trading value of $120.028. Yesterday, the value was seen dropping by 3.03% at 14:25 UTC, with BSV trading at $116.39. A slight escalation was noticed at 15:07 UTC, when the price of BSV increased by 2.95% and the price changed to $119.8.
Later, the value dropped to the lowest point as of today at 00:01 UTC hours when the value changed to $109.551. The current trading price is slightly increased by 3.32% and seems like it might surge in the same direction.
BSV is seen trading in the strong bearish zone. However, the trend might change soon enough. So, investors might want to consider this as an opportunity to invest in BSV at present and wait for the valuation to escalate in the upward motion.
The short-term movement can be helpful in earning little returns in the intra-day trading if the investors hit the trade decision on the lowest and highest point. Long-term movement, on the other hand, might bring some fruitful results very soon. So, sticking to the current positions and getting ready for the value to escalate remains the optimum choice. However, at some places we might witness some drops too.
The calculated resistance and support levels are as follows:
R1: $118.1, R2: $122.26, R3: $124.36
S1: $111.84, S2: $109.74, S3: $105.58