The Bitcoin SV price made a good rally during the trading session on Thursday the 7th day of February, 2019 but found enough resistance at a higher formation. The coin surpassed Binance Coin to claim its 10th top cryptocurrency spot but retraced back to 11th position.
The Bitcoin SV-to-dollar exchange rate established a new intraday high at 70.526, up 13.62% from the day’s open. However, the pair remained on the defensive as the continuation of a long bearish move prompted a downside correction action.
Ever since correcting lower from its all-time high at $134.368 on BitFinex, Bitcoin SV has been trending inside a descending channel.