Bitcoin SV Price Analysis: Bitcoin SV/USD Trends of February 28–March 06, 2019

2019-2-28 10:18

CoinSpeaker
Bitcoin SV Price Analysis: Bitcoin SV/USD Trends of February 28–March 06, 2019

Key Highlights: The confluence level was broken by the bulls on the daily chart; the bulls may take over the Bitcoin SV market; the downtrend may continue in case the $68 support level break. BSV/USD Price Long-term Trend: Bullish

Resistance levels: $85, $100, $114
Support levels: $68, $54, $41Bitcoin SV/USD is bullish on the Long–term. Last week, Bitcoin SV price was range-bound within $68 resistant level and $54 support level. A kind of confluence was noticed at $68 price level. A piercing line candle pattern formed on February 25 indicates the increase in the bullish momentum and it is also a bottom reversal signal; this made the bulls to break up the former resistance level of $68 and also the two dynamic resistance level.

The coin is now exposed to the resistance level of $85. It is currently carrying out retest.

The BSV is already placed in between the two EMAs, in which the 50-day EMA is above the 21-day EMA. The Stochastic Oscillator period 14 is at 60 levels with the signal lines pointing up to indicate that the bullish momentum may increase and it is also a buy signal.

The bullish trend continues as long as the Bulls maintain or increase their pressure and the coin may have its resistance at $85 price level. In case the support level does not hold, the coin will find its low at $54 price level.

BSV/USD Price Medium-term Trend: Bullish

Bitcoin SV/USD continues its uptrend movement on the medium-term outlook. A cup shape with handle candle pattern was formed on the 4-Hour chart. The bearish trend pushed the coin down to $61 mark and the bulls opposed the further downtrend and gained enough pressure that pushed the coin up and broke up the $68 price level and rally towards $85 but unable to reach the target. The bears rejected further increase in Bitcoin SV price.

The Bitcoin SV is on the $68 support level, in case the bearish candle break down the level and close below it, the coin will decline further towards $54 price level, if not, then the crypto will bounce and rally to the north. Meanwhile, BSV is in between the 21-day EMA and the 50-day EMA and the Stochastic Oscillator is at 20 levels (oversold level) gradually bending up which indicates buy signal.

Bitcoin SV Price Analysis: Bitcoin SV/USD Trends of February 28–March 06, 2019

Similar to Notcoin - TapSwap on Solana Airdrops In 2024

origin »

Bitcoin (BTC) на Currencies.ru

$ 60935.84 (-0.05%)
Объем 24H $14.253b
Изменеия 24h: 0.54 %, 7d: -4.46 %
Cегодня L: $60827.66 - H: $60935.84
Капитализация $1199.521b Rank 1
Цена в час новости $ 3878.02 (1471.31%)

bitcoin price march 2019 level usd february

bitcoin price → Результатов: 126


Bitcoin Price Trajectory: Is a Major Shift Looming? Expert Highlights These Key BTC Trends

Bitcoin, the world’s largest cryptocurrency, finds itself in a precarious position as it approaches the weekly closure, threatening to register its fourth consecutive red candle. This rare occurrence has sparked concerns within the crypto community, prompting experts like Sjuul of AltCryptoGems to analyze Bitcoin’s price action on higher timeframes.

2024-4-28 19:30


Bitcoin (BTC) price prediction after breaching $72k

Bitcoin price forecast points to a possible $82,000. Ten days remain to the much anticipated Bitcoin halving event. Kangamoon, a new meme coin, has raised over $4M in its ongoing presale taking advantage of the crypto hype created by Bitcoin’s price surge Bitcoin (BTC) has been making significant waves in the cryptocurrency market, with its […] The post Bitcoin (BTC) price prediction after breaching $72k appeared first on CoinJournal.

2024-4-8 15:15