BSV cools off after rally: Bitcoin SV drops 8.10% following Bitcoin Cash-driven surge
- —BSV drops 8.10% to $21.58 after hitting a yearly high of $23.14
- —The ~20% rally was a short squeeze driven by BCH news, not BSV fundamentals
- —RSI at 68.1 and Bollinger %B at 98.4 signal short-term overbought conditions
- —Volume is 176.79% above the 30-day average, confirming distribution
Why it matters: The move was speculative and tied to BCH headlines, so the risk of a rapid reversal remains elevated.
Source: DiarioBitcoin