Bitcoin SV Price Prediction Today: Daily (BSV) Value Forecast – July 9
- From the Fibonacci tool, the coin is in the 0.382 (38.2%) Fib. retracement level.
- On the upside, if the bulls break the EMAs the crypto's price will rise to retest $250 resistance level.
BSV /USD Medium-term Trend: Ranging
- Resistance Levels: $250, $275, $300
- Support Levels: $225, $200, $175
Yesterday, July 8, the price of BSV was in a sideways trend. From the Fibonacci tool, the coin is in the 0.382 (38.2%) Fib. retracement level. The crypto’s price is retracing to the support level of 0.382 Fib. retracement level. The Fib. retracement level is a continuation zone for a trending market. On the upside, if the bulls defend this level, the crypto’s price will rise to retest the previous highs.
From the price action, the crypto’s price is trading below the $250 overhead resistance. On June 4, the bulls tested the $225 resistance level and the price fell to support of the 12-day EMA. On June 22, the bulls tested the $250 resistance level and were resisted. The price fell below the EMAs and commenced a range bound move below the EMAs .On the upside, if the bulls break the EMAs the crypto's price will rise to retest $250 resistance level. The BSV coin is at the oversold region of the daily stochastic but above the 20% range. This indicates that price is in the bullish momentum and buy signal.
BSV/USD Short-term Trend: Ranging
On the 1-hour chart, the price of BSV is in a bearish trend zone. The 12-day EMA and the 26-day EMA are sloping horizontally. The BSV price faces resistance at the $204 price level. Each time the bulls tested the $204 price level, the price would fall to the support of the EMAs. The daily stochastic is in the overbought region but above the 60% range. This indicates that price is in a bullish momentum and a buy signal
Live Bitcoin SV (BSV) Price:
1 BSV/USD =$392.2929 change ~ 10.50%
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