BitcoinSV Price Prediction
Methods To Predict The Price Of BitcoinSV (BSV)
Getting Started -
What Is BitcoinSV?
BitcoinSV is an alternative to the original Bitcoin with various improvements made to speed, block size and various other capabilities. BitcoinSV experienced high volatility in 2019 with a low of $38 and a high of $255. Today we’ll be looking at how you can use methods such as technical and fundamental analysis to formulate your own BitcoinSV price prediction
BitcoinSV (BSV) is available for purchase on the following exchanges
If you’re unfamiliar with how to buy BitcoinSV (BSV), follow the link below.
Price Action -
Analyzing The Price Of BitcoinSV (BSV)
One of the simplest methods to predict the future price of a cryptocurrency like BitcoinSV (BSV) is by looking at prior price history on a chart. Through the use of common technical analysis techniques such as identifying horizontal support and resistance levels, calculating moving averages and calling on indicators to signal strength or weakness in the market.
The large majority of popular cryptocurrencies are available to chart and analyze on TradingView. TradingView integrates with popular exchanges like Binance, Huobi, ByBit, Kucoin and many more to offer real-time price data on a wide range of Altcoins such as BitcoinSV (BSV).
Price Action -
Analyzing The Price Of BitcoinSV (BSV)
One of the simplest methods to predict the future price of a cryptocurrency like BitcoinSV (BSV) is by looking at prior price history on a chart. Through the use of common technical analysis techniques such as identifying horizontal support and resistance levels, calculating moving averages and calling on indicators to signal strength or weakness in the market.
The large majority of popular cryptocurrencies are available to chart and analyze on TradingView. TradingView integrates with popular exchanges like Binance, Huobi, ByBit, Kucoin and many more to offer real-time price data on a wide range of Altcoins such as BitcoinSV (BSV).
Technical Analysis -
Identifying Support & Resistance Levels
Identifying levels of support and resistance are often all it takes to gather a basic idea of where price of cryptocurrencies like BitcoinSV may be headed. Horizontal resistance levels can be identified by counting the amount of times a price is tested and rejected on an attempt upwards. Horizontal support levels can be identified by counting the amount of times a a price tests and bounces from a particular price on the way down.
In the following chart we can see that BSV has had many interactions with the $250, $180 and $90 USD areas with the most tested areas highlighted in yellow. Price is currently soaring above its previous all time high. From this data you may be able to create your own BSV price prediction and trade accordingly.
Technical Analysis -
Using Moving Averages
Moving averages are used by many Traders to assess momentum and potential levels where price is likely to bounce from a downtrend or start slowing down after an uptrend. With the use of several important moving averages such as the 20, 50, 100 and 200, Traders can get a good idea of where to buy BitcoinSV (BSV) and where to sell for profit.
In the following image we can see that BSV has bounced and rejected several times from the 1D 200MA which is represented by the bright pink line running through the chart. From this we can assume that this line will remain important in a Traders decision to buy or sell BitcoinSV (BSV)
For long term investing or trading, look at moving averages on the daily or weekly charts for important levels in which to form your BitcoinSV (BSV) price prediction.
Technical Analysis -
Using Moving Averages
Moving averages are used by many Traders to assess momentum and potential levels where price is likely to bounce from a downtrend or start slowing down after an uptrend. With the use of several important moving averages such as the 20, 50, 100 and 200, Traders can get a good idea of where to buy BitcoinSV (BSV) and where to sell for profit.
In the following image we can see that BSV has bounced and rejected several times from the 1D 200MA which is represented by the bright pink line running through the chart. From this we can assume that this line will remain important in a Traders decision to buy or sell BitcoinSV (BSV)
For long term investing or trading, look at moving averages on the daily or weekly charts for important levels in which to form your BitcoinSV (BSV) price prediction.
Technical Analysis -
Utilizing Indicators
Indicators can assist Traders in making a prediction on whether the price of BitcoinSV (BSV) will go up or down. Indicators take into account various factors such as time, volume, momentum and many more to indicate whether a cryptocurrency like BitcoinSV (BSV) should to rise or fall.
In the following image we can see that the RSI (Relative Strength Index) Indicator which is used by a large majority of Traders is located at the bottom of the chart. The areas above and below the dotted lines indicate whether BitcoinSV (BSV) is overbought or oversold.
We’ve highlighted three different occasions where BSV has been overbought or oversold which quickly resulted in a change in overall trend.
Fundamental Analysis -
Assessing Strengths & Weaknesses
Another way to make a BitcoinSV (BSV) price prediction is by assessing what the project has accomplished or plans to accomplish in the near future. Keeping up to date with BitcoinSV (BSV) news and planning the buy or sell BitcoinSV (BSV) around key events is a method long term Traders use consistently.
While technical analysis may assist Traders in deciding when to buy or sell BitcoinSV (BSV), fundamental analysis can often help forecast future price based on the knowledge of upcoming notable events or breaking news which may have an immediate and unexpected affect on price, regardless of what the charts show.
Keeping up to date with important BitcoinSV (BSV) news will give Traders an edge where technical analysis falls short.
Fundamental Analysis -
Assessing Strengths & Weaknesses
Another way to make a BitcoinSV (BSV) price prediction is by assessing what the project has accomplished or plans to accomplish in the near future. Keeping up to date with BitcoinSV (BSV) news and planning the buy or sell BitcoinSV (BSV) around key events is a method long term Traders use consistently.
While technical analysis may assist Traders in deciding when to buy or sell BitcoinSV (BSV), fundamental analysis can often help forecast future price based on the knowledge of upcoming notable events or breaking news which may have an immediate and unexpected affect on price, regardless of what the charts show.
Keeping up to date with important BitcoinSV (BSV) news will give Traders an edge where technical analysis falls short.
Those Are The Tools
Join TradingView and make own BitcoinSV (BSV) price prediction today
More Resources
BitcoinSV Price & Market Statistics || How To Buy BitcoinSV || How To Leverage Trade BitcoinSV
