The market is heating up, and Bitcoin SV is back in the spotlight! We’ve seen a massive rotation into the original Bitcoin forks lately. With Bitcoin headlines dominating the news, BSV is once again catching those speculative flows. But after the recent move, everyone is asking: Is this the end of the rally, or just a breather before the next leg up? ### 📊 The Technical Breakdown (4H Chart)
The recent price action has been a rollercoaster. We witnessed a vertical pump from the 13.00 zone all the way to nearly 18.00. Now, we are seeing a textbook corrective slide back to local support.
Current Support: $15.50 – $16.00 (VPVR shows high volume interest here).
RSI Check: The RSI has cooled down from "Overbought" territory to the low 40s.
Verdict: This looks like a healthy reset rather than a full-scale trend reversal.
🎯 Weekly Game Plan & Targets
I remain cautiously bullish as long as the price action respects the key floors. Here is how I’m playing the upcoming week:
🟢 The Bull Case: If we hold above the 15.3 – 15.5 zone and see a strong 4H bullish candle confirmation, I’m looking for a rebound.
Target 1: $16.50
Target 2: $17.00
Moon Shot: A spike into the upper red resistance zone if momentum returns.
⚠️ The Bear Case: If we lose the 15.3 level and start closing 4H candles below it, the "dip-buying" thesis is invalidated. In that scenario, expect a slide back toward the major demand zone at 13.5.
Note: Volatility is back in the driver's seat. Always wait for candle closes to confirm your entries! ✅
💡 Final Thoughts
Right now, this feels like a "buy the dip" opportunity in a trending market. The rotation into forks like BSV often happens in waves—make sure you aren't caught off guard! 🌊
What’s your move? Are you longing the support or waiting for lower levels? Let me know in the comments! 👇
#BSV #CryptoAnalysis #Write2Earn