RATE Group | BSV/USD 16% sprint relaunches trajectory to $350
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BSV/USD 16% sprint relaunches trajectory to $350

18 Feb BSV/USD 16% sprint relaunches trajectory to $350

Posted at 08:33h in Bitcoin News by

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  • Bitcoin SV shoots above $300 leading the altcoins in recovery.
  • Growth above $350 will not come easy but it can start by defending $300 support.

Bitcoin SV is flying the bullish flag high on Tuesday following an acute retreat from the highs posted at $384. The losses have confirmed the support at $250 twice in two months. The initial rise to $460 in January explored the rabbit hole but bounced upwards at $250. Losses on Monday also took refuge at $250 allowing the ongoing action above $300.

At the time of writing, Bitcoin SV is trading at $315. It is apparent the bullish action on the day is taking a breather. However, BSV buyers are intentional in pushing to higher levels above $350 as well as $400.

The downside is supported initially by the buyers congested at $300. The 50 SMA at $250 will also offer support in the event losses extend under $300. If push comes to shove and the bears take over, the 200SMA at $150 will stand guard to ensure the exploration…

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