{"id":230299,"date":"2019-06-13T16:29:09","date_gmt":"2019-06-13T20:29:09","guid":{"rendered":"http:\/\/insidebitcoins.com\/?p=230299"},"modified":"2021-09-14T11:33:43","modified_gmt":"2021-09-14T15:33:43","slug":"bsv-hits-220-after-surging-can-buyers-further-sustain-price","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/bsv-hits-220-after-surging-can-buyers-further-sustain-price","title":{"rendered":"BSV Hits $220 After Surging, Can Buyers Further Sustain Price?"},"content":{"rendered":"<h3>Bitcoin SV (BSV) Price Analysis \u2013 June 13<\/h3>\n<p>After surging 11% today, BSV price has increased substantially as the market respect the three weeks diagonal support line. If the market falls below this line of support, we can expect a significant bearish scenario for the BSV markets. Currently, the bulls have taken charge.<\/p>\n<h2>BSV-USD Market<\/h2>\n<p><strong>Key Levels:<\/strong><br \/>\nResistance levels: $240, $260<br \/>\nSupport levels: $180, $160<\/p>\n<p>The last month surge in volatility which led Bitcoin SV to $250 has now carved a bull flag pattern for the market as the price actions obey the yellow trend lines, acting as a support and resistance line for the BSV market for the past two weeks. Meanwhile, the blue ascending line has diagonal support for the market as well right from $60.<\/p>\n<figure id=\"attachment_230339\" aria-describedby=\"caption-attachment-230339\" style=\"width: 1365px\" class=\"wp-caption alignnone\"><a href=\"http:\/\/insidebitcoins.com\/wp-content\/uploads\/2019\/06\/BSVUSD-4H-Chart-June-13.jpg\"><img decoding=\"async\" class=\"wp-image-230339 size-full\" src=\"http:\/\/insidebitcoins.com\/wp-content\/uploads\/2019\/06\/BSVUSD-4H-Chart-June-13.jpg\" alt=\"\" width=\"1365\" height=\"729\" srcset=\"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2019\/06\/BSVUSD-4H-Chart-June-13.jpg 1365w, https:\/\/insidebitcoins.com\/wp-content\/uploads\/2019\/06\/BSVUSD-4H-Chart-June-13-300x160.jpg 300w, https:\/\/insidebitcoins.com\/wp-content\/uploads\/2019\/06\/BSVUSD-4H-Chart-June-13-768x410.jpg 768w, https:\/\/insidebitcoins.com\/wp-content\/uploads\/2019\/06\/BSVUSD-4H-Chart-June-13-1024x547.jpg 1024w\" sizes=\"(max-width: 1365px) 100vw, 1365px\" \/><\/a><figcaption id=\"caption-attachment-230339\" class=\"wp-caption-text\">BSVUSD, 4H Chart &#8211; June 13<\/figcaption><\/figure>\n<p>Today, BSV saw a price surge to $220 at the upper trend line before dropping to the current trading price at $208. The recent price increase was revealed on the 4-hours RSI, crossing over the 50 level. If the market continues to climb, a bullish break may hit the $240 and $260. A price drop, however, may find support at $180. The $160 may further be located below the yellow trend line<\/p>\n<h2>BSV-BTC Market<\/h2>\n<p>Following the bull flag pattern, Bitcoin SV nears a tight range on the yellow symmetrical triangle as the market may breakout sooner or later. If a breakout occurs, the BSV market would witness a new price level. From above, the key resistance levels for the market lie at 0.03BTC and 0.034BTC. From below, the key support level to watch out for is at $0.023BTC and 0.02BTC.<\/p>\n<figure id=\"attachment_230340\" aria-describedby=\"caption-attachment-230340\" style=\"width: 1365px\" class=\"wp-caption alignnone\"><a href=\"http:\/\/insidebitcoins.com\/wp-content\/uploads\/2019\/06\/BSVBTC-4H-Chart-June-13.jpg\"><img decoding=\"async\" class=\"wp-image-230340 size-full\" src=\"http:\/\/insidebitcoins.com\/wp-content\/uploads\/2019\/06\/BSVBTC-4H-Chart-June-13.jpg\" alt=\"\" width=\"1365\" height=\"732\" srcset=\"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2019\/06\/BSVBTC-4H-Chart-June-13.jpg 1365w, https:\/\/insidebitcoins.com\/wp-content\/uploads\/2019\/06\/BSVBTC-4H-Chart-June-13-300x161.jpg 300w, https:\/\/insidebitcoins.com\/wp-content\/uploads\/2019\/06\/BSVBTC-4H-Chart-June-13-768x412.jpg 768w, https:\/\/insidebitcoins.com\/wp-content\/uploads\/2019\/06\/BSVBTC-4H-Chart-June-13-1024x549.jpg 1024w\" sizes=\"(max-width: 1365px) 100vw, 1365px\" \/><\/a><figcaption id=\"caption-attachment-230340\" class=\"wp-caption-text\">BSVBTC, 4H Chart &#8211; June 13<\/figcaption><\/figure>\n<p>However, the sudden price increase we saw in the market today was quickly reflected on the 4-hours RSI as it switched trend to the positive level, a sign for potential bullish. The RSI may resume falling back below the 50 level if a bearish surge occurs. For now, the pink ascending trend line has been strong diagonal support for the market since May 21.<\/p>\n<p><strong><em>Please note:<\/em><\/strong><em> insidebitcoins.com is not a financial advisor. Do your own research before investing your funds in any financial asset or presented product or event. We are not responsible for your investing results.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<div class=\"fin-excerpt\">Bitcoin SV (BSV) Price Analysis \u2013 June 13 After surging 11% today, BSV price has increased substantially as the market respect the three weeks diagonal <a class=\"read-more-link\" href=\"https:\/\/insidebitcoins.com\/news\/bsv-hits-220-after-surging-can-buyers-further-sustain-price\" title=\"BSV Hits $220 After Surging, Can Buyers Further Sustain Price?\">[&#8230;]<\/a><\/div>","protected":false},"author":1742,"featured_media":230340,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[1],"tags":[8601,8600,8009,7992],"class_list":["post-230299","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-more-crypto-news","tag-bsvbtc","tag-bsvusd","tag-price-prediction","tag-technical-analysis"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.8 (Yoast SEO v23.8) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>BSV Hits $220 After Surging, Can Buyers Further Sustain Price? 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