• Bitcoin SV trades 1.5% higher despite the dramatic fall from the highs.
  • The price is now holding above the psychological 200.00 level.

BSV/USD 1-hour chart

Bitcoin SV has pulled back after hitting a high of 228.54 earlier in the session. In the price rally yesterday the pair also had a great session and today the rally continued earlier on in the session before the dramatic sell-off. Now it seems the price has consolidated somewhat and the price trades just under the 210.00 zone. 

The price has now found some support at the 55 exponential moving average (EMA). Elsewhere, the RSI has also pulled away from the overbought zone and now rests at the 50.00 mid-zone. The rally kicked off after the triangle chart pattern broke to the upside. Then the 200.00 level was taken out and it seems the bulls never looked back. The bulls still seem to be in control but a break of 213.00 would solidify the bullish bias.

Bitcoin bounces back


All information and content on this website, from this website or from FX daily ltd. should be viewed as educational only. Although the author, FX daily ltd. and its contributors believe the information and contents to be accurate, we neither guarantee their accuracy nor assume any liability for errors. The concepts and methods introduced should be used to stimulate intelligent trading decisions. Any mention of profits should be considered hypothetical and may not reflect slippage, liquidity and fees in live trading. Unless otherwise stated, all illustrations are made with the benefit of hindsight. There is risk of loss as well as profit in trading. It should not be presumed that the methods presented on this website or from material obtained from this website in any manner will be profitable or that they will not result in losses. Past performance is not a guarantee of future results. It is the responsibility of each trader to determine their own financial suitability. FX daily ltd. cannot be held responsible for any direct or indirect loss incurred by applying any of the information obtained here. Futures, forex, equities and options trading contains substantial risk, is not for every trader, and only risk capital should be used. Any form of trading, including forex, options, hedging and spreads, contains risk. Past performance is not indicative of future FX daily ltd. are not Registered Financial Investment Advisors, securities brokers-dealers or brokers of the U.S. Securities and Exchange Commission or with any state securities regulatory authority OR UK FCA. We recommend consulting with a registered investment advisor, broker-dealer, and/or financial advisor. If you choose to invest, with or without seeking advice, then any consequences resulting from your investments are your sole responsibility FX daily ltd. does not assume responsibility for any profits or losses in any stocks, options, futures or trading strategy mentioned on the website, newsletter, online trading room or trading classes. All information should be taken as educational purposes only.

Recommended content


Recommended Content

Editors’ Picks

Dogecoin Price Forecast: DOGE bears remain strong despite Elon Musk’s endorsement

Dogecoin Price Forecast: DOGE bears remain strong despite Elon Musk’s endorsement

Dogecoin extends its decline, trading around $0.23 on Monday after falling 8.55% last week. Coinglass’ long-to-short ratio for DOGE reads below one, indicating more traders are betting for a correction while the technical outlook projects a pullback toward the $0.20 level. 

More Dogecoin News
Top 3 Price Prediction Bitcoin, Ethereum, Ripple: BTC, ETH and XRP momentum indicators show bearish signs

Top 3 Price Prediction Bitcoin, Ethereum, Ripple: BTC, ETH and XRP momentum indicators show bearish signs

Bitcoin price has been consolidating between $94,000 and $100,000 since early February. Ethereum price trades around $2,700 on Monday after rallying almost 6% last week. XRP faces rejection from its daily resistance level at $2.72, hinting at a downleg ahead.

More Cryptocurrencies News
Bybit's $1.4 billion hack traced to Lazarus Group: ZachXBT

Bybit's $1.4 billion hack traced to Lazarus Group: ZachXBT

Crypto investigator ZachXBT linked the $1.44 billion hack of crypto exchange Bybit on Friday to the infamous Lazarus Group, which has been allegedly responsible for some of the top attacks on digital asset platforms.

More Cryptocurrencies News
Crypto Today: Arkham discovers Bybit hackers wallets as BTC, ETH and top 20 altcoins lose $75B

Crypto Today: Arkham discovers Bybit hackers wallets as BTC, ETH and top 20 altcoins lose $75B

Bitcoin started the day on a positive note, rising as high as $99,495 before news of the Bybit hack triggered a 4% reversal to $96,200 at press time on Friday.

More Cryptocurrencies News
Bitcoin: BTC demand and liquidity conditions remain weak

Bitcoin: BTC demand and liquidity conditions remain weak

Bitcoin price has been consolidating between $94,000 and $100,000 since early February, hovering around $98,000 at the time of writing on Friday. Despite this consolidation, US Bitcoin spot ETFs data recorded a total net outflow of $489.60 million until Thursday, hinting signs of weakness among institutional investors. 

Read full analysis
The Best brokers to trade EUR/USD

The Best brokers to trade EUR/USD

SPONSORED Discover the top brokers for trading EUR/USD in 2025. Our list features brokers with competitive spreads, fast execution, and powerful platforms. Whether you're a beginner or an expert, find the right partner to navigate the dynamic Forex market.

Read More

BTC

ETH

XRP