Bitcoin SV (BSV), one of the Bitcoin derivatives, left its mark on the day with its 18 percent rise in the last 24 hours.
The rise experienced by Bitcoin and Ethereum is also accompanied by altcoins. Many altcoins separated from the market and achieved remarkable increases. One of these altcoins is Bitcoin SV. BSV, a Bitcoin fork, achieved its strongest rise since August 3 with an 18 percent increase in the last 24 hours.
Bitcoin SV (BSV) is on the rise! Chart analysis
Bitcoin SV (BSV) has regained its place at the top of the cryptocurrency market. BSV, which attracted attention with frequent rises last summer, exhibited similar activity after a long time. BSV experienced an 18 percent increase in a short time. The most important move of BSV was that it exceeded the August 3 level.
With the rise experienced by BSV, the $ 31.40 level has now become a psychological support point. BSV also managed to break through the middle resistance zone, surpassing $34.50. Breaking through this zone gave impetus to the popular cryptocurrency and BSV quickly pinned $37.80. BSV, which has experienced a withdrawal, is active around $ 37 at the time of writing the news.
BSV’s rise resulted in the strongest candle since August 3. For BSV to continue its rise, the price must remain above $35.78. This persistence may bring with it additional bullishness and BSV price may rise again to $37.80. One of the strongest resistance points for BSV may be the psychological $40 threshold. This dam is in a difficult position to overcome for now. However, if BSV exceeds $ 40, it can reach $ 50 with the momentum it has behind it.
A pullback in BSV will pull the price to the $35.78 region. If this region is lost, BSV will struggle at the $ 34.50 level. If the 34.50 support is exceeded, the next support point will be the $31.86 region.
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