Is It Too Late to Buy Bitcoin SV? BSV Price Pumps Up 12% and AI Crypto Signals Platform yPredict Just Hit $3.25m
Bitcoin SV is undertaking an impressive bounce out of consolidation, as converged support from the 20DMA and 200DMA give footing to potential recovery rally.
This comes following a tough month of price action for the Bitcoin hard fork project, which saw rejection from topside resistance at $55 fuel -34% in a retracement cascade.
Double-bottomed support following two weeks of consolidation have left BSV trading high at $37.64 (a 24 hour change of -6.5%).
The minor pull back results from a dramatic +15% climb over the past 48 hours, as BSV bounced hard off the converged support of the 20DMA and 200DMA.
Rumoured to be a return to recovery rally posturing, BSV saw a high-growth recovery ignite back in June pushing price sky-high +138%, this itself followed a tumultuous two years of bleed-out for the Bitcoin fork project.
With price action back on the up, BSV's RSI indicator has shown remarkable moderation, failing to overheat to a significant degree on the recent price move - with the indicator only signalling minor bearish divergence at 50.26.
This is met with a bullish signal from the MACD, which is showing a positive 0.16.
Upside potential here could see a return to retest resistance at $56 (+50%), yet downside risk remains a looming threat with lower support at $26 (-28%).
As indicators flip green, technical rally structure seems to be on the horizon, leaving BSV with an alluring risk: reward profile of 1.8.
Eagle-eyed traders who rode the uptick in BSV could have received a lucrative +15% gain since Sunday, and with the rise of AI trading platforms more and more investors are doubling their profits.
This has led to a surge of capital flooding into leading AI trading platforms, one such project making headlines around the crypto
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