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Bitcoin SV {BSV} may benefit from Bitcoin Association’s deal with Cambridge University Metanet Society

Bitcoin

Bitcoin SV is ranked at #9 to the south of Binance Coin in the market. The trading volume recorded stands at roughly $277.237 million, while the supply has 17,854,986 BSV coins involved as part of the circulation. The total market cap of Bitcoin SV amounts to $1.611 billion. The price rose at a rate of 6.56% in the course of the past 24-hours; this led to BSV reaching all the way up to $90.26 where it currently rests.

Those affiliated with the Cambridge University Metanet Society will be able to learn more about Bitcoin SV and several of its applications. Robin Kohze is the President of the aforementioned society who thanked the Bitcoin Association for backing them. Craig Wright and Jimmy Nguyen will act as speakers at the next event slated to be held on October 17th.

According to the candlestick chart connected to the BSV/USDT pair on tradingview [based on data obtained from the Huobi Exchange], buyers hold the reins tied to this digital asset for now. The daily RSI [for 14 periods] successfully escaped oversold territory, and now sits at 40.85 which signifies that Bitcoin SV has landed in the neutral zone.

From 30th September onwards, the Awesome Oscillator peaks [formed below the zero line] all had the green shade, pointing to a possible trend change brought about as a result of rising bullish momentum. In the aftermath of 6th October, the MACD line began heading atop the signal line, thereby causing the histogram to switch sides and change color [from red to green].

Support can be found near $61.72, and resistance may be felt if BSV can afford to head towards the $108.075 mark. The crimson Ichimoku Cloud is expected to drop as 19th October goes by.

Disclaimer - OBN is an informational website which aims to give the latest blockchain related news to the readers. Articles on OBN should not be considered as investment advice. Trading cryptocurrencies is a high-risk investment, every user is advised to consult an expert before making any decisions.