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.