Bitcoin SV, Augur, VeChain Price Analysis: 03 October

eng.ambcrypto.com
4 min read
fairly difficult
The most recent price dump in the crypto-market saw the world's largest cryptocurrency Bitcoin's price dive towards the $10,400-level, a movement that signaled worrying signs of bearish divergence across the charts. In fact, Bitcoin SV registered a bearish divergence during the day's trading session, under a scenario of heavy capital outflows in the BSV market. […]
The most recent price dump in the crypto-market saw the world's largest cryptocurrency Bitcoin's price dive towards the $10,400-level, a movement that signaled worrying signs of bearish divergence across the charts.

In fact, Bitcoin SV registered a bearish divergence during the day's trading session, under a scenario of heavy capital outflows in the BSV market. Further down the crypto-ladder, Augur and VeChain struggled to pick up any meaningful trade volume or momentum.

Bitcoin SV [BSV]

Source: BSV/USD on TradingView

Bitcoin SV was seen trading below its immediate support level of $ 159.84, following a substantial 8% drop in value since yesterday.

However, at the time of writing, BSV found support near $159.84, a level coinciding with a short bump seen in the Relative Strength Index. Despite this, the overall RSI level continued to display selling pressure.

The Chaikin Money…
Read full article