Bitcoin SV has been in a downward correction since September. In the last two months, the coin has not been trending. Rather, buyers have continued to retest the $180 overhead resistance to break it.
Yesterday, buyers attempted to push BSV above the $180 overhead resistance. The upward move is facing resistance. If buyers turn down from the resistance zone, the sideways move will resume.
Bitcoin SV has been battling with downward correction as buyers attempt to break into the bullish trend zone. The coin is trading at $171 at the time of writing.
Bitcoin SV is trading at $162 at the time of writing. This current price level indicates that the coin is still in the range-bound zone of $150 and $180.
Bitcoin SV is trading at $168 after its recent fall to the $150 low. The crypto has earlier rebounded above $150 as buyers pushed the coin to the recent high.
For the past week, Bitcoin SV has been trapped between $200 and $240. Buyers are unable to retest the $260 overhead resistance because of price restriction. The coin is trading above $200 but confined in a price range.