Bitcoin SV price extended its rally by more than 100% and climbed above $400.00. BSV surpassed the market cap of bitcoin cash, but let’s see if this rally can continue or not.
- Bitcoin SV price rallied significantly and above $300.00 and $400.00 against the US Dollar.
- It exceeded the total market cap of bitcoin cash and moved to the 4th
- There is a strong support forming near $350.00 on the 4-hours chart of the BSV/USD pair (data feed from Kraken).
- It seems like the price is now very far from the 100 SMA (4-hours), which could result in a downside correction.
Bitcoin SV Overpowers Bitcoin Cash
In the past few days, bitcoin SV price started a strong rally above the $100.00 and $150.00 levels against the US Dollar. In yesterday’s analysis, we discussed the chances of more upsides in BSV above the $200.00 level.
The price did break the $200.00 resistance and extended its rally by more than 100%. The bulls pushed the price above the $300.00 and $400.00 levels. A new yearly high was formed near $459.35 and BSV surpassed the market cap of BCH.
However, there are a few signs visible on the 4-hours chart of the BSV/USD pair, suggesting that the price could dip a few points. First, the price…
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Author: Aayush Jindal