Price Analysis Bitcoin SV: 30 October

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Price Analysis Bitcoin SV: 30 October

Bitcoin SV did not drop below $160 and could hint at recovery if it continued to hold above $160 in the coming days




Bitcoin SV was bearish in the short term, however, the important level at $160 was not yet breached.

The OBV showed the two possible directions for the market. A break above the descending trendline on OBV would signal bullish strength, while a break below the flat trendline would signal bears were in control of the market.

The level at $170 could be pivotal for BSV. A break below $160 could signal a break to the downside, while a break above $170 could signal bullishness, with good trading volume a necessity for either move to be considered strong.


Learn more about the price analysis here.