Bitcoin SV, BAT, FTX Token Price Analysis: 23 January

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Bitcoin SV ^[1] was trading within a descending channel and selling pressure was likely to see it drop beneath an imminent level of support. Basic Attention Token ^[2] broke out of a range and looked to flip another level of resistance to support. FTX Token ^[3] saw a tussle between the bulls and the bears as it traded just above a crucial level of support.

Bitcoin SV [BSV]

Source: BSV/USDT ^[4] on TradingView

Bitcoin SV was trading within a descending channel. This is a bullish reversal pattern, but only if the price breaks to the upside of the channel with a heavy-volume move. Till then, the channel boundaries and mid-point can be used to enter and exit trades.

The momentum has been with the bears over the past few days and this hadn’t changed, at the time of writing. The OBV was steadily declining to show that selling volume was on the rise. This could see BSV cede the $172-level of support to the bears.

Basic Attention Token [BAT]

Source: BAT/USD ^[5] on TradingView

After rising above the range ($0.2-$0.27) highs at $0.27 a week ago, BAT began to move within a descending channel and even registered a candlewick as far south as the $0.224-level of support. The market’s bulls stepped in at this point and BAT saw a surge to the $0.32-level of resistance, a

Bitcoin SV, BAT, FTX Token Price Analysis: 23 January

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