There's been a nice little rally in BSV lately. But we're not buying it.

At present, the rally in BSV looks like nothing more than a retest of a horizontal congestion zone created by a prior low back in July. The area between 110- and 120 was also the area where the final down move unfolded in September. In an environment where Bitcoin ( BTC ) is having troubles, we don't see BSV having upside potential beyond 120.

Bottom Line: There would have to be a huge catalyst to get BSV above 120. We don't see it happening right now.

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