Bitcoin SV Price Prediction: Is BSV Ready To Surge To The Moon … – The Coin Republic

Bitcoin SV Price Prediction: Is BSV Ready To Surge To The Moon … – The Coin Republic

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Bitcoin SV Price Prediction

  • Bitcoin SV has been looking for a new high and has seen a drop of 91% from its all time high.
  • Technical indicators of BSV are favoring consolidation. BSV/BTC pair is down by 2.26%

Bitcoin SV (Bitcoin Satoshi’s Vision) is a cryptocurrency that was created as a result of a hard fork of the Bitcoin Cash (BCH) network in November 2018. The fork was the result of a long-standing dispute within the BCH community over the future direction of the cryptocurrency. The main point of contention was over the block size limit, with one group advocating for a larger block size to allow for faster transaction processing, and the other group advocating for keeping the block size smaller to maintain decentralization.The group that favored a larger block size eventually split off from the main BCH network and created Bitcoin SV, which has a block size limit of 128 megabytes. They claim that this larger block size will allow for more transactions to be processed per second, making it more suitable for use as a global currency.

Bitcoin SV is currently ranked 44th in the cryptoverse and has a market cap of $827 Million. Volume of the BSV has seen a dip of 34% in the intraday session. Volume to market cap ratio of BSV suggests a consolidated trend in price.

BSV Bulls Are Still Not Up

Source: TradingView

Bitcoin SV has been in a consolidated trend for the past few weeks. The weekly technical chart of the BSV suggests a weak upside trend in price. On coming to the daily chart the asset price is trading near $43 with a drop of 2% in the intraday session. Resistance of the BSV can be seen near $60.Meanwhile the support of the asset price can be observed near $35. It is currently trading below the 100 and 50 Daily Moving Average. There can be a negative crossover which can push the price below. Various analysts are expecting a a strong growth in the future.


Bitcoin SV has been affected by the downside of crypto market. BSV is currently seeing a consolidated trend and can see a new high in the future.

Technical Levels

Major Support:$35

Major Resistance:$60

Nancy J. Allen

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