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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
Brief Analysis——BSVAs the time of BTC halving approaches, the market is once again focusing on tokens that are about to undergo halving these days. In June this year, tokens such as BCH and XEC that were favored by the halving experienced a short-term bullish trend, and then turned to fluctuate for half a year. Today, BSV, as a fork of the fork, has generated continuous gains. The halving will affect the supply of tokens, which is good for the long term. But as can be seen from the movement of LTC, which has completed its halving, excessive FOMO makes traders vulnerable to whale harvesting. It is better to make judgments based on technical analysis. Before technical analysis, we list the tokens that will be halved within a year and the countdown information for reference: Countdown to BSV halving : approximately 175 days Countdown to BTC halving: approximately 187 days. Countdown to BCH halving: approximately 167 days. Countdown to ETC halving: approximately 251 days. Countdown to DASH halving: approximately 261 days. Let’s first take a look at BSV’s performance in June this year. A very classic combination can be seen from the WTA indicators. Whales appear when the price rises rapidly. When the long upward pin-bar appears, the whale begins to take profits, and gradually disappears from the WTA indicator. Afterwards, the number of participants begins to decrease and the price gives back most of its gains (we represent this part with a black rectangle and a red arrow). Before this week’s rise, we can see that whales were already involved in trading on October 2. If we look at the green rectangle area alone, this also fits the classic combination of disappearing whale + long upward pin-bar = price giving back almost all of its gains. This week’s rise has once again attracted whales into the trade. Everything is normal for the current rise. BSV is now close to the June high, which is a key position where bears will gain strength. If a long red candle or a long upward pin-bar appears in the subsequent movement, then it is possible that BSV’s rise will come to an end. Disclaimer: Nothing in the script constitutes investment advice. The script objectively expounded the market situation and should not be construed as an offer to sell or an invitation to buy any cryptocurrencies. Any decisions made based on the information contained in the script are your sole responsibility. Any investments made or to be made shall be with your independent analyses based on your financial situation and objectives.
by Sypool
Bitcoin SV (BSV) Surges as BTC ETF Approval Hopes IncreaseBitcoin SV has once again emerged as a standout performer, dazzling investors and enthusiasts alike. Over the past 24 hours, BSV has surged by a remarkable 12.0%, outpacing its digital currency counterparts. This remarkable uptrend is a testament to the undying optimism and resilience that has become synonymous with the crypto market. On a sunny Tuesday in the world of digital assets, the spotlight was firmly on Bitcoin SV. While the entire market was abuzz with activity, it was BSV that captured the attention with an impressive surge of over 12%, propelling its price to $38.32. The exuberance extended to other major cryptocurrencies as well, with Solana following suit, posting an 8% increase in its value. Not to be outdone, Bitcoin Gold (BTG) also joined the rally, surging by ++9.42%, and Bitcoin Cash (BCH) made significant gains, moving up by +4.23%. However, it was Bitcoin SV that led the pack, reflecting the renewed hope and optimism circulating within the crypto space.
Long
by DEXWireNews
Impressive Surge Amidst Buying DemandBSV experienced a decline in its price due to selling pressure in the market. This led it to reach the lower boundary of a downward channel, around $17. However, a significant surge in buying activity occurred in this price range, resulting in an impressive price increase towards the upper boundary of the channel. The strong demand pushed the price beyond the channel's upper limit, reaching the next resistance level at approximately $56. Currently, the demand for BSV is expected to be supported around $29, and this could potentially trigger more buy orders. Consequently, we might witness a retracement towards the upper boundary of the previously broken downward channel. This could signify a positive trend for BSV in the upcoming weeks.
by MonoCoinSignal
4
BSV : READY FOR THE NEW USDT WHALE INCREASEHello traders, I hope you have a nice time with the market trading and study. This update is for BSVUSDT adding about the possibility of a breakout we can see in the coming time, the expecting coming from the High interest that can be from USDT to BSV. As we did add before we expect that BSV is going to see a breakout that will take the price up $76 with the high breakout expected of $110 We expect with the long-term cycle that BSV can return back to $400 USDT can play a very important role in this, and also since the last trends in HK. (BSV is more interesting in Asia) This update is not trading advice, but an expectation depending on our view. We already follow BSV Since the previous week.
Long
by Goldenbreakout
2
BSV 2023 BREAKOUT PREDICTION: BACK TO GOLDEN LEVEL $400Since today BSV shows an interesting technical pattern of volume that can mean a coming time a structure volume. we like to study coins that can have time volume. There is unexpected data of an increase that could explode BSV to new highs. We did make a possibility where this structure volume can bring BSV in the predication of 2023 We found out that BSV is able to go back to the old key and golden level of $400 in 2023 Before we made this study, we did check all the reasons and trends that BSV will get it to level. This is a view from our side and is not meant to be trading advice. BSV seems to enter a new start of breakout soon. This update means for year 2023 Share with us what you think about it. Thank you
Long
by Goldenbreakout
2
BSV SEEMS TO ENTER NEW VOLUME WITH ATH BREAKOUTThis update is regarding BSV's long-term outlook. Based on our thorough analysis, it appears that BSV is poised for a notable surge, potentially leading to a new all-time high and surpassing the $400 target. This update stems from a trend signal we detected through a meticulous examination of the volume range. Our study suggests that BSV is currently entering a new trend characterized by the involvement of influential market participants, commonly referred to as whales. USDT seems an interesting stable coins for the orders of BSV. our focus lies not in blind optimism towards various cryptocurrencies, but rather in assessing specific coins based on factors such as market interest, technical analysis, and the likelihood of whales making strategic moves. In the case of BSV, we have closely monitored its past performance, particularly observing four previous pump trends. Based on our analysis, we believe that a fifth pump trend could be imminent as the cycle unfolds. This insight emphasizes the potential for further growth and prosperity within the BSV market. However, it is important to remain mindful of the inherent volatility of cryptocurrencies and the possibility of unforeseen developments. Let's see if this update can be a historical trend where we start for a new cycle BSV.
Long
by Goldenbreakout
3