Bitcoin SV was traded at $212.65 on July 8, 2019, with an upward trend prominent. Within a few days, the prices dipped with multiple sharp falls and reached $114.52 with a huge 46% fall. The BSV coin price managed to bounce back and reached $184.54 on July 20, 2019. Since this date, the prices started to drop at a gradual pace. On August 15, the BSV price was dropped by 20% and reached $127.86. On August 19, 2019, there was a slight rise to $146.20 which was a temporary rise as the coin price started to drop again. With a couple of sharp falls, Bitcoin SV saw a 33.48% price fall again on September 24, 2019, and reached the lowest trading price of $79.51. Then, it managed to rise by a huge 56.21% and reached $149.52 towards the end of October 2019 but couldn’t maintain its consistency levels. While writing this piece, the currency shows a price recovery with a bullish break.
BSV coin shows a drop of almost 10% as compared to the price of November 29, 2019, when it was traded at $111.52. However, if we look at the price trend of Bitcoin SV from the past week, it shows a moderate upside movement.
As per Trade99’s analysts, it is anticipated to purchase new coins or hold the existing ones. The past six months’ price trend for the coin has seen several sharp rises and drops as the coin has not been able to maintain its efficiency. Since August 2019, the bears have dominated the coin to such an extent that despite few interim rises, it has not been able to outsmart them.