Will Bitcoin SV drop following the Craig Wright v. Kleiman ruling?

Craig Wright has been in the spotlight after losing a legal case against Ira Kleiman yesterday.

Wright was ordered to turn over half of his Bitcoin holdings-worth over $5 billion-potentially tanking BTC. However, the effects on his pet project, Bitcoin SV, are not quite as clear.

The recent ruling in favor of Ira Kleiman has not significantly impacted the price of Bitcoin SV. Although BSV had a 6 percent downward impulse after the news broke, it has since managed to fully recover.

Based on the 3-day chart, BSV is sitting on top of its 50-three-day moving average.

This moving average has been able to hold the price of Bitcoin SV from a further drop on six different occasions since mid-July, 2019.

The TD sequential indicator gave a buy signal in the form of a red nine that would be validated if Bitcoin SV moves above the 7-three-day moving average.

A move above $146 could take BSV to test the resistance given by the 30-three-day moving average seen on the 3-day chart.

Based on longer-term timeframes, the sentiment around Bitcoin SV is neutral.

As the news about BSV's creator Craig Wright losing the Kleiman case continues to be analyzed a lagging impact on the cryptocurrency could unfold.

So far, it seems like the market price of BSV will not be affected as a direct result of the ruling-at least not until either Wright or Kleiman are compelled to sell their holdings.