BSV Makes a Big JumpBSV Makes a Big JumpTradingViewSince April 2021, the price of BSV has been below the downward trend line, with the highest price at $50. This decline ended with a low of $15.70 in June 2023. However, BSV then initiated a significant upward movement, marked by a long lower tail (green icon), indicating buying pressure.Also Read: Bitcoin's 15 Year Journey: From Whitepaper Concept to Financial World Revolution! The following week, BSV managed to get out of the trend line. At that time, the trend line had lasted for 800 days. Even so, BSV failed to cross the $50 horizontal resistance area. Instead, the area rejects it twice (red icon). The $50 area is important because since 2018 it has repeatedly acted as support and resistance. Weekly RSI Indicator Shows Optimism Although BSV price failed to break through, the weekly RSI shows optimism. With RSI as a momentum indicator, you can determine whether the market is overbought or oversold and decide whether to collect or sell assets. If the RSI reading is above 50 and the trend is up, then the bulls have an advantage. Conversely, if the reading is below 50, the indicator is me