Bitcoin Cash SV [BSV] Technical Analysis: Cryptocurrency is all set for a slow and steady performance

The recent hardfork of Bitcoin Cash [BCH] was one of the major news that caught the attention of many cryptocurrency investors lately. Both Bitcoin CashABC and Bitcoin Cash SV have managed to stay firm in the top 10 list in the past two weeks. Though Bitcoin Cash ABC struggled to keep up with a strong price range, it managed to stay at the 5th position based on the market capitalization.

However, Bitcoin Cash SV has shown a tremendous performance in the past week even during the bearish market trends. At the time of writing, BSV is trading at $95.62 with a market cap of $1.67 billion. The cryptocurrency has shown a massive 83.6% gain in the past 7 days. However, the 24 hours statistics show a negligible hike of 1.56%. The largest trading volume of 28.5% is seen to be on Upbit, followed by Binance, Bithumb and many more.

1 hour:

BSVUSDT | Source: TradingView

BSVUSDT 1-hour chart| Source: TradingView

In the 1 hour chart Bitcoin Cash SV, there is an uptrend extending from 38.6 USDT – 94.2 USDT with a resistance…

Read Full Story : AMBCrypto

2018-12-01 03:30:05

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