With less than 60 days away, the halving effect appears to be pushing up the price of BSV and BCH
BSV USD 1-day chart. Source: TradingView
The USD chart of Bitcoin SV is showing an impressive breakout from the downtrend, which made the coin surge from $100 to $450, an increase of 350%.
Such a massive move upwards is always going to retrace as it’s unhealthy to go up in a straight line. The retracement occurred in the days after and seemingly found support at the $245 level.
The $245 level is significant, as the price of Bitcoin SV couldn’t break through this barrier earlier in June 2019.
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