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Bitcoin SV (BSV) May Incur Further Losses with a Drop to $94.10

BSV coin was priced at $98.19 on December 7, 2019, with an upward stance. Then, a drop of 1.39% happened within a few hours of the same day. The price managed to rise before falling back to $95.02 with a 3% fall on December 8, 2019. Bitcoin SV got traded twice at the same price of $98 despite the fall. On the next day, the currency saw a price drop again when it reached $94.55. On December 10, 2019, BSV coin managed to gain some pace and reach $97.70 but the coin was unable to maintain its efficiency at this level. While writing this piece, the bears were controlling the coin.

Bitcoin SV Price Prediction

At present, the BSV price has shown a price drop of 2.42% as compared to yesterday’s price. As per the current trend, Bitcoin SV may get traded close to its crucial support of $94.10 shortly.

This seems like a good time to purchase new coins as of now, also can hold the old ones. The bears have managed to control the price of Bitcoin SV for most of the time over the past five days. The lowest price at which BSV coin traded was $94.55.

Categories: Price Analysis
Barry Kimball: Barry Kimball pursued a master's degree in Finance, and currently, he is working as a news writer in Current Cryptocurrency.News. He contributes in-depth analysis on most of the cryptocurrencies along with news articles on Finance.