Bitcoin SV, BAT, OKB Price Analysis: 20 December

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Bitcoin SV ^[1] rocketed past a crucial retracement level, but it recorded some underwhelming trading volume when doing so. Basic Attention Token ^[2] was on a strong uptrend, one that could take it past the $0.27-resistance level in the coming days, while OKB noted a possible lack of buyers’ conviction, despite its recent gains.

Bitcoin SV [BSV]

Source: BSV/USDT ^[3] on TradingView

Using the Fibonacci Retracement tool for BSV’s drop from $220 to $150.2 in late-November, it was seen that the 50% retracement level at $181.8 had been reclaimed by the bulls. This indicated that BSV would continue to climb towards $200.

The candle from $172 to $182 for BSV did not have any strong volume behind it. A similarly lackluster trading volume over the next few trading sessions would cast doubt over the validity of BSV’s rise.

Other levels of interest were the 38.2% retracement level at $190, and the resistance at $196. Bulls would eye these levels, provided $183 were to be flipped to support shortly.

Basic Attention Token [BAT]

Source: BAT/USD ^[4] on TradingView

Basic Attention Token has respected some of the Fibonacci Retracement levels very well over the past two months for its move from $0.175 to $0.289 and the subsequent retracement.

At the time of writing, BAT was retesting the 38.2%-level at $0.238 as support. The Directional Movement Index showed that a strong uptrend

Bitcoin SV, BAT, OKB Price Analysis: 20 December

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