The bullish trend continues as long as the Bulls maintain or increase their pressure and Bitcoin SV may have its resistance at $85 price level. In case the support level does not hold, BSV will find its low at $54 price level.
The strong bullish momentum is required to break the confluence that is preventing the Bitcoin SV from a bullish rally in the market. In case there is a bullish breakout at the $68 resistance level the coin may have its target at $85 price level.
Because of confluence at $68 price level, only the strong bullish momentum can break up the resistance level of $68 and expose the $85 price level, otherwise, Bitcoin SV may breakdown the $54 support level and $41 become the next low.
Increase in bearish momentum while the bears defend the resistance level of $68 will break the support level of $54 and Bitcoin SV may find its low at $41 price level.
In case the bulls increase their momentum and the resistance level of $68 is broken up and the daily candle closed above the resistance level of $68, then, Bitcoin SV price may have its target at the range of $85 – $100 price level.
The breakdown of the Bitcoin SV’s support level of $73 by the bears’ momentum will expose the $68 price level, alternatively, should the support level of $73 holds there will be bullish rally towards $100 price level.
In case the support level of $73 holds the coin will break up the $80 resistance level and the bullish candle close above it, then it may have its target at $85 – $92, else further declination of Bitcoin SV price is certain.
The breakdown of the support level of $85 with the strong bearish candle closed below the level will make Bitcoin SV to have its target at $80 support level.
The breaking down of $92 price level may drop the Bitcoin SV price at the previous low while the bullish momentum will ride the price to $100 – $107.
The breakdown of the $92 price level will expose the coin to $85 support level. In case the support level of $92 holds Bitcoin SV price will resume its bullish trend.
In case the bears defend the resistance level of $92 the rice will bounce and Bitcoin SV will resume its downtrend and have its target at the previous low.
“Double bottom” pattern was formed as it is clearly seen on the chart which indicates that BSV price may hit $92 price level in which if the level is broken the coin may have its high at $96 price level.
The BSV coin (previously called Bitcoin Cash SV) may have its low at the support level of $64, only if the bears increase their momentum and break the demand level of $86 downside.