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Bitcoin Cash [BCH] vs Bitcoin SV [BSV] Price Analysis: Bulls and bears in tug-of-war for control of market

Sarvesh Kumar

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Bitcoin Cash [BCH] vs Bitcoin SV [BSV] Price Analysis: Market is seen as a combination of Bull and Bear
Source: Pixabay

The market has still not recovered from the Bitcoin debacle according to CoinMarketCap and a few coins could still be seen on the negative end. BCH, at press time, stood at the price of $357.79 with a market cap of $6.75 million. Over the day, it fell by -1.13%. The price of BSV, at press time, stood at $59.73 and its market cap was $1.3155 million. The 24-hour trading volume of the coin was a positive 2.12%. at press time.

1-Day BCH

The one-day chart showed an uptrend from $74.04 to $125.62, from $125.62 to $165.84 and from $165.84 to $230.55. The resistance stood at $320.26, while the supports stood at $75.01 and $108.10.

The Bollinger Band showed expanding volatility in the market.

The Chaikin Money Flow showed a high influx of money into the market.

The Awesome Oscillator showed a bullish buying opportunity or short-term momentum in the market.

1-Day BSV

Source: Trading View

The one-day chart showed an uptrend from $41.75 to $60.91 and a downtrend line from $220.8 to $72.7. The resistance stood at $114.7 and the support stood at $61.0.

The Parabolic SAR markers were above the candles and showcased a bearish market.

The Relative Strength Index indicated high selling pressure in the market.

The MACD line showed a bullish crossover.

In conclusion, the market showed a mixture of bearish and bullish market trends, putting the future of both coins in limbo.

 





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I am a journalist here at AMBCrypto. I cover news on prices of various coins in the crypto-verse and also work on the latest news of coins like - Bitcoin| Ethereum| Litecoin and more.

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