Bitcoin SV Technical Analysis: BSV/USD eying up $200 after a massive 22% price boost

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  • BSV/USD peaked at $197.16 in the last 24 hours only three dollars shy of $200.
  • BSV has blasted through several resistance levels and has created a daily uptrend.

Bitcoin SV is making a comeback after a ridiculous 22% breakout almost hitting $200 for the first time since June 11. Of course, BSV is currently inside a daily uptrend and above the 12-EMA and the 26-EMA. 

BSV/USD daily chart

BSVUSD

The next step for BSV will be to crack $200. Besides the psychological level, bulls are only facing resistance at $210, $218.71, and $228.54. If they can manage to climb above all the three levels, the path towards $260 and $300 is basically guaranteed as there are no significant resistance levels in the way. 

BSV/USD 4-hour chart

BSVUSD

Unfortunately, the breakout happened really quickly, and we still need to assess whether the move was caused by a big whale or if it’s organic. 

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