Bitcoin SV (BSV) Price Prediction 2022Bitcoin SV (BSV) Price Prediction 2022
Bitcoin SV (BSV) holds the 52nd position on CoinGecko right now. BSV price prediction 2022 is explained below with a weekly time frame
A horizontal channel or sideways trend has the appearance of a rectangle pattern. It consists of at least four contact points. This is because it needs at least two lows to connect, as well as two highs. Buying and selling pressure is equal, and the prevailing direction of price action is sideways. Horizontal channels provide a clear and systematic trade by providing buy and sell points. When the price hits the top of the channel, sell your existing long position or take a short position. The difference between the other two is that a horizontal channel is characterized as having equal highs and lows.
Currently, Bitcoin SV (BSV) is at $60.128 .If the pattern continues, the price of BSV might reach the resistance level of $68.397, and $100.075. If the trend reverses, then the price of BSV may fall to $57.188, & $47.457.
Bitcoin SV (BSV) Support and Resistance Levels
Resistance Level 1 $67.021
Resistance Level 2 $101.562
Resistance Level 3 $154.682
Resistance Level 4 $208.755
Support Level $46.983
The charts show that BSV has performed a bullish trend over the past month. If this trend continues, BSV might run along with the bulls overtaking its resistance level at $208.755.
Accordingly, if the investors turn against the crypto, the price of the BSV might plummet to almost $46.983, a bearish signal.
BSVUSDT.P trade ideas
💡Don't miss the great buy opportunity in BSVUSDTrading suggestion:
". There is a possibility of temporary retracement to the suggested support line (59.673).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. BSVUSD is in a range bound, and the beginning of an uptrend is expected.
. The price is above the 21-Day WEMA, which acts as a dynamic support.
. The RSI is at 65.
Take Profits:
TP1= @ 70.961
TP2= @ 75.153
TP3= @ 79.218
TP4= @ 83.474
TP5= @ 87.645
SL= Break below S2
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