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Bitcoin SV long-term Price Analysis: 2 October

For Bitcoin SV, a quick turnaround above $165 has turned into a sad drop under $160 yet again. Possibly due to the high correlation with Bitcoin and its price drop due to the BitMEX mess, BSV suffered the recent decline. However, the analysis suggested that the markets were also identifying tell-tale signs of a fallout […] The post Bitcoin SV long-term Price Analysis: 2 October appeared first on AMBCrypto.

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Bitcoin SV short-term Price Analysis: 28 September

Disclaimer: The following price prediction should not be considered as investment advice. Bitcoin SV, despite setbacks, continues to hold on to the ninth rank on the cryptocurrency charts, managing to keep itself within the market’s top-10. However, with DeFi coins gaining more traction lately, it might not be a surprise to see old cryptocurrencies slide […] The post Bitcoin SV short-term Price Analysis: 28 September appeared first on AMBCrypto.

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Bitcoin SV long-term Price Analysis: 25 September

It is an interesting period in the digital asset industry. While prices were indicating a series of pullbacks, many suggested that the bottom is near or possibly nearing with time. At the moment, Bitcoin continues to hold fort around the $10,000 range, bouncing consistently from the $10,200 mark. With the king coin holding its grounds, altcoins around are being resistant to more corrections as well. After declining to $144 on 21st September, BSV is up to $155 at the moment. With uncertainty still looming large, we analyzed possible outcomes for the Bitcoin forked asset. Bitcoin SV 4-hour chart Source: BSV/USD…

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Bitcoin SV short-term Price Analysis: 21 September

Bitcoin SV, the fork of a fork coin, continues to survive and sustain, despite having only a small camp of supporters and developers working on its blockchain. The cryptocurrency, at the time of writing, was priced at $152, with BSV the 11th-largest on CoinMarketCap’s charts. However, while BSV has seen nothing but price drops over the past week, more of this bearishness may be on its way. Bitcoin SV 4-hour chart Source: BSVUSD on TradingView The four-hour chart for BSV showed the price fast-approaching the support level at $145.76, which should, technically, support the price, at least for the short-term.…

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Bitcoin SV long-term Price Analysis: 18 September

Disclaimer: The following price prediction should not be taken as investment advice as it is the opinion of the writer. The market of Bitcoin SV is clinging onto Bitcoin at the moment. As Bitcoin sustained its position above $10,900 for the time being, BSV also appeared to maintain close proximity to the resistance at $165. However, time is running out for both Bitcoin and Bitcoin SV, and for the latter, the breakout is going to pretty significant. Bitcoin SV 6-hour chart Source: BSV/USD on Trading View As explained earlier, Bitcoin SV’s past 72-hours has displayed infinitesimal price movement and the…

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Bitcoin SV long-term Price Analysis: 07 September

Disclaimer: The findings of the following article should not be taken as investment advice as it is the sole opinion of the writer, and the same should materialize over the course of this week Dealing with the weight of a bearish onslaught at press time, Bitcoin SV declined below crucial support lines on the charts over the past few days. The crypto-asset ranked 9th on the charts, at the time of writing, had a market cap of $3.1 billion, with BSV valued at $167. Over the past 24-hours, however, BSV has registered some form of recovery. Alas, uncertainty regarding the…

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Bitcoin SV long-term Price Analysis: 4 September

After a week of battling to regain position above $200 effectively, Bitcoin SV’s price finally gave in to the pressure of the bears as the collective crypto market fell. For BSV, it felt almost expected as the asset declined by 13 percent over the past day. The token also dropped in the rankings and is currently placed 12th in the charts with a market cap of $2.9 billion. Bitcoin SV 1-day chart Source: BSV/USD on Trading View Before the collapse took place in the charts, Bitcoin SV actually facilitated a pattern with bullish implications. A falling wedge can be observed…

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Bitcoin SV long-term Price Analysis: 31 August

Disclaimer: The findings of the following article attempts to analyze the emerging patterns in Bitcoin SV’s market and its impact on the price Bitcoin SV’s price has been consistently noting bearish pressure, just like the rest of the market. The crypto-asset’s recent stint below $200 felt like the last straw had been drawn, with some suggesting that recovery above $200 was beyond BSV’s capacity. However, nothing in the market is confirmed until it is, and for Bitcoin SV, a second shot at the elusive range of $200 seemed to be back in play, at the time of writing. Bitcoin SV…

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Bitcoin SV long-term Price Analysis: 28 August

Disclaimer: The following article expands on what might be expected from Bitcoin SV’s price movement over the next few weeks  Bitcoin SV’s downtrend started the day it registered its high of $260 on the 2nd of this month. While the forked asset managed to recover from $197 mid-month, over the last week, the bearish pressure has been too much for BSV. With a press time valuation of $188, Bitcoin SV had a market capitalization of just over $3.48 billion on the charts. Bitcoin SV 1-day chart Source: BSV/USD on Trading View For the longest period in August, the support line…

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Bitcoin SV short-term price analysis: 24 August

After consolidating for a good three weeks above $200, Bitcoin SV finally dropped below long-term support on 21 August. The depreciation seemed inevitable over the past week, as a consistent array of price drops led to BSV’s new price range. With a market cap of $3.67 billion, the asset is currently in close proximity with the resistance at $199, as BSV was valued at $198.63. Bitcoin SV 1-hour chart BSV/USD on Trading View The 1-hour chart clearly identified the series of events that took place over the past few days. After registering a sharp drop from $218, Bitcoin SV tried…

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Bitcoin SV long-term Price Analysis: 21 August

July 27 was the last time Bitcoin SV registered a position below $200 and hence the most part of August can be considered positive, even though highly volatile. The volatility cannot be blamed since it has been prevalent throughout the industry but over the past few days, Bitcoin SV finally seems to have gone into the wrong side of the market. Bitcoin SV 1-day chart Source: BSV/USD on Trading View As illustrated in the above analysis, Bitcoin SV sustained a strong position above $217 for the greater part of the first two weeks but then an unceremonious pullback briefly brought…

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Bitcoin SV short-term Price Analysis: 10 August

Disclaimer: The findings of the following analysis should materialize over the next 24-hours Bitcoin SV, against all odds, has been able to avoid massive depreciation on the charts since hitting a high of $250 on 1 August. The crypto-asset maintained its consolidation between $218 and $230 over the past 24-hours and it is uncertain whether the following trend will break above or below over the next week. With Bitcoin’s value appreciating over the past 24-hours, the same sentiment was shared by BSV. However, a short-term re-test may soon be on the horizon for the popular Bitcoin fork coin. Bitcoin SV…

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Bitcoin SV long-term Price Analysis: 07 August

Disclaimer: The following price prediction estimates Bitcoin SV’s imminent bearish pullback. Over the past week, it is becoming increasingly difficult to estimate the breakout pattern of Bitcoin SV. The BTC forked coin seems hot-and-cold in terms of dependence on Bitcoin but its recent break above $217 may have indicated the underlining strength of its BTC-correlation. At press time, Bitcoin SV was valued at $238 with a market cap of $4.4 billion. 1-day chart Source: BSV/USD on Trading View After failing to break past the resistance at $217 for the greater part of summer, Bitcoin SV finally marched above this range…

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