American provider of investment data Weiss Ratings has also upgraded its rating for Bitcoin to A- due to "Improving fundamentals and positive price action ahead of Bitcoin's next halving."
Usually, after the breakout of a pattern, it is seen that the price retests the breakout levels.
Our positive view will be invalidated if the bears sink and sustain the price below $1.85.BNB/USD. Binance Coin has made an entry into the top performers' list after a long time.
If the price turns down from the current levels but does not give up much ground, it will increase the possibility of a breakout above $23.5213.
If the price reverses direction from the current levels and sinks below $20, the pair might extend its stay inside the $18.50 to $23.5213 range for a few more days.
Similar to the positive rumblings about the forthcoming Bitcoin halving, BSV's price is also showing a positive movement before its upcoming halving in April.
If the bulls can sustain the price above $337.80, a rally to the lifetime highs at $458.74 is possible.
If the bulls succeed in breaking and sustaining the price above $235.70, the pair is likely to rally to the $318.238 to $366 resistance zone as there is no significant roadblock in between.
On the downside, the bulls will hold the advantage as long as the price remains above $197.75.
Our bullish view will be invalidated if the bulls fail to sustain the price above $3 and the price dips back below it.
Top 5 Cryptos This Week: XTZ, BNB, BSV, ETH, LINK
Published on Feb 9, 2020
by Cointele | Published on Coinage
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