Bitcoin SV News

Bitcoin SV Hints at Stable Run after a Roller-Coaster Ride

  • Bitcoin SV was being traded around $180.39 at the press time
  • Since the beginning of July, it has made a roller-coaster ride. It took BSV three days to fall to $174 from $198
  • The MACD signals at a bearish outlook for the near-term

Bitcoin SV was hovering around $210 at the beginning of June when it started tumbling down. By the beginning of the ongoing month, the currency had slipped to $158. In the first week of July, BSV maintained its price level around $150. A sudden upside breakout was noticed on July 06, and it helped Bitcoin SV to reach a new height at $198 on July 07. This is the highest point for the coin till now in July.

Bitcoin SV News
BSV/USD Chart By TradingView

From $198, BSV/USD slowed down its pace and faced a gradual fall till July 10, when it touched a low at $174.48. The days ahead were a bit volatile. However, it has been able to maintain its head above $175 for most of the time.

The MACD of Bitcoin SV reflects a bearish crossover. The next few days ahead may not bring any upside movement. However, if BSV faces downside correction, it might test its crucial support of $174.

Daniel Garza

Daniel Garza is well-known for his writing skills and works as a lead content writer in our team. He also has a deep interest in cryptocurrency funds and guides people on how to deal with a cryptocurrency exchange.

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