- BSV prices are declining in BTC’s advantage over daily and hourly price charts. The coin now needs the bull.
- Cryptocurrency assets are below the moving averages of 20, 50, 100, and 200 days.
- The BSV / BTC pair is 0.002551 BTC, which is a slight loss of 0.43%.
After a slow recovery, BSV prices are currently declining amid bearish pressure on the daily chart. Coins need to gather bullish to overcome this bearish dominance. Otherwise, prices may fall and investors may lose interest in coins.
The main reason for this coin movement could be the dominance of the major cryptocurrency BTC, which is the major dominant of the market. As BTC began to recover bearishly, other alternative coins began to do the same.Analysts BTC It could fall further, causing the rest of the market to fall. The coin now needs its bull to counter this domination.
The current price of one BSV coin is trading at $ 50.97, an increase of 1.58% in market capitalization over the last 24 hours. The trading volume of coins is 46 million, with a profit of 5.72% in a 24-hour trading session and a market capitalization of 974 million. The volume market capitalization ratio of BSV is 0.04804.
A short-term (4 hour) analysis shows the movement of the same downtrend in the coin. This means that bears are struggling with the entire crypto market. Strong coins are sinking, which is a concern among investors these days.
The MACD indicator shows a bullish move as the histogram rises to green and the gap between the MACD and the MACD signal lines continues to increase. This indicates that the buyer is active. On the contrary, the Relative Strength Index shows the selling pressure on the coin when the RSI line is plunging. The RSI value is about equal to 45, but sales volume is increasing continuously.
The BSV price After a slow recovery, it is now declining amid bearish pressure on daily and hourly price charts. The main reason for this coin movement could be the dominance of the major cryptocurrency BTC. Once again, BTC is below the 20K mark. This time, the technical indicators of the hourly graph are being manipulated, so investors have to wait for a change of direction.
Resistance levels: $ 55.7 and $ 59.8
Support levels: $ 48.6 and $ 44.5
The views and opinions expressed by the author or the person described in this article are for informational purposes only and do not establish financial, investment, or other advice. Investing or trading crypto assets carries the risk of financial loss.