BSV–USD daily chart.

BSV–USD daily chart.

Gate Trade Bitcoin SV (BSV) Tuesday, April 14, 2020 834 0

Bitcoin SV (BSV) has been trading close to the $185.87 support for the past two days. Both the moving averages have converged and the RSI is at the midpoint. This points to a directionless tight range trading for a few days. 

If the BSV/USD pair dips below $176.90, a drop to $146.20 is possible. On the other hand, if the bulls can push the price above $183.04, a move to $227 is likely.

 

A break below $146.20 will be a huge negative as it can drag the price to $120 and below it to $100 levels. The stop loss on the long positions can be retained at $165.