Bitcoin SV shoots above $300 leading the altcoins in recovery. Growth above $350 will not come easy but it can start by defending $300 support. Bitcoin SV is flying the bullish flag high on Tuesday following an acute retreat from the highs posted at $384. The losses have confirmed the support at $250 twice in two months. The initial rise to $460 in January explored the rabbit hole but bounced upwards at $250. Losses on Monday also took refuge at $250 allowing the ongoing action above $300. At the time of writing, Bitcoin SV is trading at $315. It is apparent the bullish action on the day is taking a breather. However, BSV buyers are intentional in pushing to higher levels above $350 as well as $400. The downside is supported initially by the buyers congested at $300. The 50 SMA at $250 will also offer support in the event losses extend under $300. If push comes to shove and the bears take over, the 200SMA at $150 will stand guard to ensure the exploration does not slide towards $100. Applied technical indicators such as the RSI suggests that the path of least resistance is sideways. Besides, the MCAD is in the positive region but the bearish divergence shows selling activity cannot be ignored. However, if the support at $300 is defended, the bulls will have enough time to gather the strength for another run-up above $350. BSV/USD daily chart FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street Expert score 5 Etoro - Best For Beginner & Experts0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 5 Read Review Open My Free Account Your capital is at risk. Crypto News share Read Next IOTA partially recovered losses; upside limited after team publishes after-hack remediation plan FX Street 2 years Bitcoin SV shoots above $300 leading the altcoins in recovery. Growth above $350 will not come easy but it can start by defending $300 support. Bitcoin SV is flying the bullish flag high on Tuesday following an acute retreat from the highs posted at $384. The losses have confirmed the support at $250 twice in two months. The initial rise to $460 in January explored the rabbit hole but bounced upwards at $250. Losses on Monday also took refuge at $250 allowing the ongoing action above $300. At the time of writing, Bitcoin SV is trading at $315. It is… Top Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
