Price Correction

• Recently, BSV has formed a triangular pattern and successfully breached the upper edge.

• Following a pullback, it has resumed growth, reaching a major resistance area, which coincides with the supply zone.

• At present, we anticipate a price decline in the form of a correction, potentially extending to the bottom of the ascending trend line.

• Subsequently, with the emergence of bullish patterns, we expect the primary trend to recommence.

• The $43 price level serves as a significant major support. Should the price close below this threshold, the trend would likely turn bearish on a weekly timeframe.

(All analyses will be updated)

This analysis is informational, not financial advice.