BSV/USD Long-term Trend – Bullish Distribution territories: $150, $200, $250 Accumulation territories: $60, $50, $40

Bitcoin SV has also been ranked among the cryptos that have been on an increase against the US dollar market valuation since the trading commencement this week. An interception eventually occurred between the 14-day SMA and the 50-day SMA on December 19 as a result of the current price uptrend movements of the pair.

The 14-day SMA is now situated above the 50-day SMA as price has been facing a kind of correction from around $134 mark to near $100 point. The Stochastic Oscillators have closed around range 40 . That could mean that bulls are gradually relaxing their market driving force for a while.

The market trend may soon be gained by bears while the crypto has hit a strong territory at around $134 market point on December 21. While a hold of price breakdown of the $100 market line could give rise to a bearish stronghold in the BSV/USD trade.

The views and opinions expressed here do not reflect that of BitcoinExchangeGuide.com and do not constitute financial advice. Always do your own research.

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