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- Bitcoin SV has been in discussion in the crypto market due to its large positive moves at regular intervals in this year.
- Currently, it is having an upsurge of 1.93% and expected to build a bullish rally from here.
The Crypto market has witnessed some of the surprising rallies made by Bitcoin SV this year. On January 14, BSV soared over 100% which proved that ‘Satoshi Vision’ is aiming for a moon shot. The reason behind the pump was that BSV founder Craig Wright claimed to be Satoshi Nakamoto.
However, soon after, BSV faced major price corrections but it helped to overtake BNB coin. The overtake in the world’s largest cryptocurrencies list acted as a positive sign for BSV given the long-running feud between BSV proponent Craig Wright and Binance Founder and CEO Changpeng Zhao.
The skeptics in the crypto market say that the price jumps are just a scenario of pump and dump, however, the bitcoin SV community refer this as a fundamental growth
The technical charts indicate an upcoming bullish momentum as the RSI came back due to negative divergence from the overbought zone. The CCI also remains the normal region which is a positive sign too. The MACD levels indicate an ideal buying phase for BSV.
Currently, the price is around $350.77 with the market capitalization of $6,408,431,270 and the 24H volume traded is of $2,882,144,644. The current resistance that BSV bulls will face is $370. However, if there’s any downtrend, it may find support at the level of $ 327.
Mr. Pratik chadhokar is an Indian Forex, Cryptocurrencies and Financial Market Advisor and analyst with a background in IT and Financial market Strategist. He specialises in market strategies and technical analysis and has spent over a year as a financial markets contributor and observer. He possesses strong technical analytical skills and is well known for his entertaining and informative analysis of the Financial markets.
