prestonb7

BSV Projections June

Short
BITTREX:BSVUSDT   None
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.
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