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Bitcoin SV/Tether

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BSVUSDT trade ideas

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.
by MonoCoinSignal
BSV Another Wave is ready. And awe Try to ride it**Fundamentals of Bitcoin SV (BSV)** Bitcoin SV (BSV) is a cryptocurrency that emerged from a hard fork of the Bitcoin Cash (BCH) blockchain in 2018. It is designed to adhere to the original vision of Bitcoin, as outlined in Satoshi Nakamoto's white paper, emphasizing scalability, stability, and data storage capabilities. **Key Features:** * **Scalability:** BSV utilizes a larger block size limit, allowing for more transactions to be processed per block, enhancing transaction throughput. * **Stability:** BSV maintains a relatively low transaction fees, ensuring affordability and stability for everyday transactions. * **Data Storage:** BSV's large block sizes can store more data, enabling applications that require significant data storage, such as e-commerce, supply chain management, and social media platforms. **Recent News:** * **Bitcoin SV Infrastructure Project:** BSV Infrastructure Foundation announced a project to develop a suite of decentralized applications and tools that leverage BSV's scalability and data storage capabilities. * **Blockchain-Powered Healthcare Solutions:** A healthcare provider in Singapore adopted BSV to develop a patient data management system, aiming to enhance data security and efficiency. * **BSV Adoption in Africa:** Businesses in Africa are exploring BSV for its potential to facilitate cross-border payments and support financial inclusion. **Disclaimer:** Investing in cryptocurrencies carries inherent risks. Cryptocurrency prices are volatile and subject to market fluctuations. Investors should conduct thorough research and carefully evaluate their risk tolerance before investing in any cryptocurrency, including BSV.
Long
by MoonTradingForecast
BSV, a little gem that could be worth a ton in the future!BSV is a hardfork of BTC worth looking at based on fundamentals and real-world use. BSV is the native cryptocurrency of Bitcoin Satoshi's Vision (BSV), sometimes called Bitcoin SV: a blockchain created in 2018 after a hard fork from the Bitcoin Cash blockchain, which in turn was a hard fork of the original Bitcoin blockchain. Bitcoin networks can only process transactions. Whereas the Bitcoin SV supports advanced applications like smart contracts and NFTs as well. Bitcoin's block size is 1MB whereas Bitcoin SV's block size is 1GB. Thus, Bitcoin SV can store more data in a block. Based on recent technicals, BSV is still at bargain levels from a couple of years ago. I have a strong feeling this will be a 4-digit coin soon when BTC becomes too overvalued that the market will seek out "valuable discounted" forks for growth. BSV will be at the frontline when that season comes. BSV registered its highest net positive volume this month -- first time since May 2021. A hint that a trend shift is about to materialize with significant price growth ahead. Spotted at 46.00 TAYOR. Safeguard funds always.
Long
by JSAL
1
Why Is Bitcoin SV (BSV) Price Soaring Today?The Bitcoin SV price has recovered by over 270% from its all-time low of $23.30 recorded in June this year. Bitcoin SV (BSV), a hard fork of the Bitcoin Cash (BCH) blockchain, has been extending unprecedented gains. The crypto witnessed a spike in price by over 65% at the time of writing. The surge could be a result of the overall positive market sentiment, however, there is still more to it. South Korean Traders Fuel Bitcoin SV Demand The Bitcoin SV price has been propelled by its unwavering demand in the crypto space. In the last 24 hours, the BSV trade volume skyrocketed by a whopping 615.98%, clocking trades worth over $612.40 million. However, the most notable development was that the demand was mostly fuelled by South Korean traders. According to CoinGecko statistics, Upbit, a leading crypto exchange in South Korea, accounted for $513.81 million worth of BSV trades in the past 24 hours. It holds a massive share of 67.25% in the trade volume. This implies that BSV has caught the interest of South Korean investors. Recently, South Korea decided to devise a crypto regulation framework to curb illegal activities in the domain. In addition, in a December 27 update, it was revealed that the country made it compulsory for public officials to report their crypto assets, making a significant move towards regulating the domain. These developments could have attracted investors’ attention since a regulated domain provides a sense of security. Bitcoin SV Price Today At press time, the BSV price had spiked by 65.97% as the crypto traded at $89.32 on Thursday, December 28, 2023. Furthermore, the AMEX:BSV market cap increased by 65.73% to $1.7 billion. The digital asset attained a new 52-week peak after attaining a high of $89.50 during today’s trading session. Moreover, the recent surge is noteworthy since the crypto has rebounded significantly from its all-time low of $23.30 recorded on June 10, 2013. Since then, the BSV price has surged by over 271%. In addition, the crypto locked in impressive 1-month returns, soaring over 120%. However, the current price is still quite lower than its all-time high achieved in 2021. The digital currency’s ATH was recorded at $491.64 in April 2021. This suggests that the crypto has lost over 82% in value after hitting the peak.
Long
by DEXWireNews
BSV Unlocking Potential: The Perfect Entry Point for Profits 💰**Short Fundamental Analysis of Bitcoin SV (BSV)** **Fundamentals** Bitcoin SV (BSV) is a cryptocurrency that emerged in 2018 from a hard fork of the Bitcoin Cash (BCH) blockchain. It aims to restore the original Bitcoin protocol described in Satoshi Nakamoto's whitepaper, emphasizing scalability, stability, and compatibility with traditional financial systems. BSV promotes itself as a platform for enterprise-level applications and digital data storage. **Key Features** * **Large Block Size:** BSV has a larger block size than BTC and BCH, enabling more transactions to be processed per block. * **On-Chain Scalability:** BSV prioritizes on-chain transactions rather than sidechains or off-chain solutions. * **Data Storage:** BSV supports large data storage on the blockchain, enabling applications like smart contracts and data registries. **Recent News** * **nChain Releases New Version of Bitcoin SV Node:** nChain, the developer of BSV, released a new version of its node software, incorporating performance improvements and bug fixes. * **SVPool Launches Enterprise-Grade Bitcoin SV Mining Pool:** SVPool, a mining pool focused on BSV, launched its enterprise-grade service, targeting large mining operations. * **BSV Integration with Merchant Services Expands:** Multiple merchant payment platforms and point-of-sale (POS) systems are integrating BSV support, increasing its adoption for retail transactions. **Disclaimer** Investing in cryptocurrencies carries significant risks, including volatility, security risks, and regulatory uncertainty. Investors should carefully evaluate their risk tolerance and investment objectives before making any cryptocurrency investments. Please note that this information is for general informational purposes only and should not be construed as investment advice.
Long
by MoonTradingForecast
1
Bitcoin SV (BSV) Breaks Out of Slump, Soars 64% in Just 30 DaysThe post Bitcoin SV (BSV) Breaks Out of Slump, Soars 64% in Just 30 Days appeared first on Coinpedia Fintech News Bitcoin SV (BSV) has caught the crypto world’s eye with a remarkable 64% gain in the past month, thanks to its inclusion on Binance, one of the world’s top cryptocurrency exchanges. This substantial increase came after BSV’s split from Bitcoin Cash (BCH) in late 2018, pushing its current trading price to $52.04, up significantly from just $34.08 a week ago. BSV‘s Impact BSV, a significant Bitcoin (BTC) fork and a proof-of-work (PoW) cryptocurrency in 2023, is making waves in October 2023, reaching a peak value of over $58 on major spot markets. The key driver behind this surge is BSV’s listing on Binance, a major crypto exchange. BSV hasn’t seen such heights since mid-September 2022, and it’s not just a one-day wonder. BSV has been on a winning streak, climbing over 90% since its boost on September 27th. It’s important to remember that BSV hit an all-time high of $491.64 during the last crypto craze but then took a hit, losing over 95% of its value. Now, it’s finding its stride again, especially after rumors of a Bitcoin ETF adoption. SEC Steps In the Picture The recent rise in Bitcoin SV’s (BSV) value has some experts linking it to the potential approval of a spot Bitcoin ETF by the U.S. SEC. This surge happens amidst ongoing disputes within the BSV community, most notably the resignation of Christen Ager-Hanssen, a prominent BSV supporter, from his role as CEO of nChain due to disagreements with BSV leader Craig Wright. This surge sets the stage for possible new investors and a challenge against the formidable barrier at $61.99. Bitcoin SV’s journey remains captivating as it navigates the cryptocurrency market’s ups and downs.
Long
by DEXWireNews