Have the bulls abandoned Bitcoin SV (BSV)?
Bulls are once again dominating the market, with all major coins remaining in the top 10.
Top coins by CoinMarketCap
BSV/USD
Bitcoin SV (BSV) could not follow the growth of top 10 coins. The price of BTC's fork has declined by 2.22 percent over the last 24 hours.
BSV/USD chart by TradingView
On the hourly chart, Bitcoin SV (BSV) has recorded a big candle accompanied by large trading volume. It means that the correction might be over in the mid-term, and bulls can keep the rise. In this regard, there is a chance of getting back to the $145 level, where most of liquidity is focused.
BSV/USD chart by TradingView
From the technical point of view, Cardano (ADA) has the potential to keep its uptrend intact after passing the zone of the most liquidity around $135. Furthermore, the growth is supported by the increasing trading volume. That is they, the level of $143 might be attained within the few days.
BSV/USD chart by TradingView
On the daily chart, Bitcoin SV (BSV) is located at a zone of liquidity of around $140. At the moment, neither bulls nor bears have seized the opportunity, which means that trading sideways in the range of $135-$145 is more likely until mid-August.
BSV is trading at $138 at press time.
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Author
Denys Serhiichuk
U.Today
With more than 5 years of trading, Denys has a deep knowledge of both technical and fundamental market analysis.
