prestonb7
Short

BSV Projections June

BITTREX:BSVUSDT   Bitcoin SV / Tether
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BSV broke free on a bullish run near the end of May and has continued uphill ever since. With this being a newer crypto, it is hard to predict a long term future in its current state, although the near-future looks promising. It looks as if BSV has found itself at a new price floor of around $200 and a ceiling of around $250. Since BSV's bull run started, it first broke $100 and corrected itself before purging upward and has since followed the same pattern after breaking $200. This leads me to believe that BSV will remain bullish in the near-future and continue to rise further above the $200 mark. On the bearish side, BSV seemed to struggle in keeping its momentum when it broke past $250. This breakout was followed by another correction that brought the currency below $200 and later began the bullish trend we are now riding. Based on the recent trends, I predict that BSV will reach $250 again around mid June and what happens there will tell a lot about the future of the currency. I am confident that with the current momentum, the bullish trend will allow BSV to break past $250 and create a new line of support for the currency as it continues to grow. The bullish trend has held a very similar timeframe to that of BTC and with 2020 approaching, BSV should be able to hold its momentum and continue trending upward towards the end of the year.

Comments

back above $200, support holding strong currently... worth riding out
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UPDATE (6/6): Looks like BSV dropped to $195 early this morning although it looks like that was simply a correction as the currency was oversold for the time being. It is now looking like BSV is gaining back it’s momentum for another bullish day of returns.
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