Bitcoin SV Price Analysis: BSV/USD price has consolidated into a big pattern
- Bitcoin SV is trading 5.54% higher on Monday as most of the crypto majors struggle.
- The BSV/USD pair has moved into a big consolidation pattern.
BSV/USD 4-Hour Chart
This 4-hour chart is a close up of the consolidation period.
The low traders need to keep an eye on is at 236.00 and the high is at 458.74.
The two red rectangles on the chart are also key zones which seem to be acting like a magnet for price.
Another key resistance is 325.00 as it has been providing some support and resistance on this timeframe for a while.
As the price action has recently become bullish, the trendline from the high connecting to the 382.47 top could also come into play and any break could be seen as bullish.
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Author
Rajan Dhall, MSTA
FX Daily
Rajan Dhall is an experienced market analyst, who has been trading professionally since 2007 managing various funds producing exceptional returns.
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