Bitcoin SV (BSV)

Bitcoin SV Price Prediction Today: Daily (BSV) Value Forecast – June 13

Azeez Mustapha
June 13, 2019

On the upside, if the bulls succeed in breaking the overhead resistance, the BSV market will reach the highs of $250 or $275 price levels.
The 0.236 and 0.382 Fib. retracement levels are continuation zone for a trending market.

BSV /USD Medium-term Trend: Bullish

Resistance Levels: $225, $250, $275
Support Levels: $175, $150, $1125

Yesterday, June 12, the price of BSV was in a bullish trend. The bulls were contesting the $225 overhead resistance of Bitcoin SV. On May 30, the bulls tested the high of $225 and were resisted. On June 4 the bulls also tested the $225 overhead resistance and were resisted. Each time, the bulls tested the resistance level the price would fall to the support of the EMAs.

Today, the bulls are making an upward move to retest $225 overhead resistance.
From the Fibonacci tool, the downward correction was at the support of the 0.382 Fib. retracement level. The 0.236 and 0.382 Fib. retracement levels are continuation zone for a trending market.

On the upside, if the bulls succeed in breaking the overhead resistance, the BSV market will reach the highs of $250 or $275 price levels. The BSV coin is at the overbought region of the daily stochastic but below the 80% range. This indicates that price is in the bearish momentum and a buy signal.

BSV/USD Short-term Trend: Bullish

On the 1-hour chart, the price of BSV is in a bullish trend zone. The 12-day EMA and the 26-day EMA are sloping horizontally. The crypto’s price is characterized by small body candlestick like the Doji and Spinning tops which described the indecision of buyers and sellers at the current market price.

Today, the bulls took a price from the $190 price level to a high of $210. The crypto's price is currently facing resistance at the $215 price level.The daily stochastic is in the overbought region but below the 80% range. This indicates that price is in a bearish momentum and a sell signal.

The views and opinions expressed here do not reflect that of BitcoinExchangeGuide.com and do not constitute financial advice. Always do your own research.

Azeez Mustapha

Azeez 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.