Bitcoin SV (BSV) Price Analysis (April 26)

Key Highlights

  • BSV/USD trade operations are yet in a range moving outlook.
  • BSV/USD market, may in the long, continue its range moves around a $240 value.
  • BSV/USD market operations will continue to trade in a range-bound outlook until the next sessions.

Bitcoin SV (BSV) Price Analysis

• Major distribution territories: $240, $280, $320
• Major accumulation territories: $120, $80, $40

There has continued to be a path of range price moves in the valuation of BSV/USD trade operations. The crypto is continually struggling to outpace the weight of the US dollar, which has over time, brought it low to hit $80 territory or thereabout previously.

A sudden uprise in BSV/USD market will have to vividly break past a major distribution territory at a $240 mark to suggest a return of a bullish trend. On the contrary, a reversal or correcting moves at the mentioned point may see the market’s value hover around it.

Bitcoin SV (BSV) Technical Indicators Reading

The 50-day SMA trend-line is underneath the 14-day SMA trading indicator. The smaller SMA is tightly at $200 line as price fluctuates around it. The bigger SMA is a bit bent towards pointing to the east-south direction while the smaller points to the east. Those signify an ongoing choppy price moves in BSV/USD market lines. The Stochastic Oscillators have weakly swerved northward from range 20 towards range 60. They now seemingly attempt to cross around the range 60 to possibly signal a continuation in the present range moving market.

Conclusion

Indication still has it that BSV/USD market operations will have to continue to trade in a range-bound outlook until next sessions. In the light of that assumption, the two movers will be having easier push around from upper and lower ends of the basic defined range trading spots. Nevertheless, traders need to adhere to principle of money management when placing an order.

 

Disclaimer: The presented information is subjected to market condition and may include the very own opinion of the author. Please do your ‘very own’ market research before making any investment in cryptocurrencies. Neither the writer nor the publication (bitcoinexchangeguide.com) holds any responsibility for your financial loss.

Get Free Email Updates!

*Action* Enter Best Email to Get Trending Crypto News & Bitcoin Market Updates

I will never give away, trade or sell your email address. You can unsubscribe at any time.

Ben Jordan
Ben Jordan
Ben began his FinTech career path in 2008 after growing interest and intrigue about market wizards and how they managed to become victorious on the battlefield of the financial world. After a decade of learning, reading and training the ins and outs of the industry, he’s now a sought after trading professional, technical/currency analyst and funds manager - as well as an author.

[Alert] Use the author's self-conducted information at your own risk, do you own research, never invest more than you are willing to lose.

[Disclosure] The published news and content on BitcoinExchangeGuide should never be used or taken as financial investment advice. Understand trading cryptocurrencies is a very high-risk activity which can result in significant losses. Editorial Policy \\ Investment Disclaimer

LEAVE A REPLY

Please enter your comment!
Please enter your name here

3,467FansLike
2,795FollowersFollow
4,230FollowersFollow

Live Bitcoin Price & Latest BTC Charts

Today's Latest Crypto News

Compound Protocol to Roll Out Decentralized Oracles Dubbed ‘Open Price Feed'

Compound, one of the most popular defi protocol, is all set to introduce open price feeds for lending on its platform using a decentralized...

$2 Million Slippage & Surge in Ether Price on Uniswap Helps Net $40k in Profit

A Uniswap user was able to profit $40,000 thanks to $2 million of slippage and the price of Ether surging north of 15%. It all...

Irish Govt to Target Cryptocurrencies Use in Money Laundering And Terror Financing

The Irish government aims to implement stricter and more stringent laws to curb money laundering and terrorism financing in its financial system, including digital...

Interactive Brokers to Settle $38 Million in Penalties for Violating AML Procedures

Interactive Brokers LLC, a U.S based brokerage that skyrocketed between 2013 and 2018, has agreed to settle a total of $38 million with the...

Ethereum Gas Price Hasn’t Been This High Since its Launch

The price of Ether is back to making its way to $400 level as it hovers around $391 in the green with just $840...

BitcoinExchangeGuide is a hyper-active daily crypto news portal with care in cultivating the cryptocurrency culture with community contributors who help rewrite the bold future of blockchain finance. Subscribe on Google News, see the mission, authors, editorial links policy, investment disclaimer, privacy policy. Got News? Contact us, we are human too. Note: nothing here is financial advice, do your own research thoroughly.

Start Using Crypto Today