Bitcoin SV (BSV) Price Prediction 2023 — Will BSV Hit $80 Soon?
- Bullish BSV price prediction for 2023 is $43.91 to $75.69.
- Bitcoin SV (BSV) price might also reach $80 soon.
- Bearish BSV price prediction for 2023 is $30.98.
In Bitcoin SV (BSV) price prediction 2023, we use statistics, price patterns, RSI, RVOL, and other information about BSV to analyze the future movement of the cryptocurrency.
Bitcoin SV (BSV) Current Market Status
Current Price
$36.09
24 – Hour Trading Volume
$14,152,562
24 – Hour Price Change
3.3% up
Circulating Supply
19,266,076
All – Time High
$489.75 (On Apr 16, 2021)
What is Bitcoin SV (BSV)?
Bitcoin SV, known as Bitcoin Satoshi Vision (BSV), is the native cryptocurrency of Bitcoin SV blockchain. Bitcoin SV is the aftermath of the hard fork of Bitcoin Cash (BCH) in 2018. The latter is the first hard fork of the original Bitcoin network. Therefore, Bitcoin SV is the second hard fork of the Bitcoin blockchain.
Similar to the original Bitcoin network, Bitcoin SV is secured by the proof-of-work (PoW) consensus mechanism. This ‘Bitcoin clone’ strives to follow Satoshi Nakamoto’s original vision of Bitcoin. It confers more scalability to the original protocol. Additionally, the Bitcoin SV network introduced expanded block sizes facilitating the process of more transactions.
Bitcoin SV (BSV) Price Prediction 2023
Bitcoin SV (BSV) holds the 54th position on CoinGecko right now. BSV price prediction 2023 is explained below with a weekly time frame.
The above chart of BSV laid out an ascending triangle pattern. The ascending triangle is a characteristic pattern of an ongoing bullish trend. This triangle is formed by a horizontal upper trendline that connects the highs and a lower trendline that connects the rising lows. If the trend breakout at the resistance level, the price will continue to move up in this ascending triangle pattern.
Currently, Bitcoin SV (BSV) is in the range of $36.09. If the pattern continues, the price of BSV might reach the resistance levels of $37.65 and $45.43. If the trend reverses, then the price of BSV may fall to $34.39 and $31.20.
Bitcoin SV (BSV) Support and Resistance Levels
The chart below shows the support and resistance levels of Bitcoin SV (BSV).
From the above daily time frame, we can clearly interpret the following as the resistance and support levels for Bitcoin SV (BSV).
| Resistance Level 1 | $43.91 |
| Resistance Level 2 | $58.40 |
| Resistance Level 3 | $75.69 |
| Support Level | $30.98 |
The charts show that Bitcoin SV (BSV) has performed a bullish trend over the past month. If this trend continues, BSV might run along with the bulls overtaking its resistance level at $75.69.
Accordingly, if the investors turn against crypto, the price of Bitcoin SV (BSV) might plummet to almost $30.98, a bearish signal.
Bitcoin SV (BSV) Price Prediction 2023 — RVOL, MA, and RSI
The Relative Volume (RVOL) of Bitcoin SV (BSV) is shown in the chart below. It is an indicator of how the current trading volume has changed over a period of time from the previous trading volume. Currently, the RVOL of BSV lies below the cutoff line, indicating weak participants in the current trend.
Also, the Moving Average (MA) of Bitcoin SV (BSV) is shown in the chart above. Notably, Bitcoin SV’s (BSV) price lies below 50 MA (short-term), so it is in a downtrend. Currently, BSV has entered a bearish state. Therefore, there is a possibility of a reversal trend of BSV at any time.
Meanwhile, the relative strength index (RSI) of the BSV is 37.76. This means that Bitcoin SV (BSV) is nearly in an oversold state. Thus confirming a potential buy signal. However, this means a major price reversal of BSV may occur in the upcoming days. So, traders need to trade carefully.
Bitcoin SV (BSV) Price Prediction 2023 — ADX, RVI
Let us now look at the Average Directional Index (ADX) of Bitcoin SV (BSV). It helps to measure the overall strength of the trend. The indicator is the average of the expanding price range values. This system attempts to measure the strength of price movement in the positive and negative directions using DMI indicators with ADX.
The above chart represents the ADX of Bitcoin SV (BSV). Currently, the ADX of BSV lies in the range of 55.17 and thus, it indicates a very strong trend.
The above chart also represents the Relative Volatility Index (RVI) of Bitcoin SV (BSV). RVI measures the constant deviation of price changes over a period of time. The RVI of BSV lies above 50, indicating high volatility.
Comparison of BSV with BTC, ETH
The below chart shows the price comparison between Bitcoin (BTC), Ethereum (ETH), and Bitcoin SV (BSV).
From the above chart, we can interpret ETH, BTC, and BSV are moving in a similar trend. This indicates that when the price of BTC increases or decreases, the price of ETH and BSV also increase or decrease respectively.
From the above chart, we can interpret that the price action of BSV is similar to BTC and ETH. This indicates that when the price of BTC and ETH increases or decreases the price of BSV also increases or decreases respectively
Bitcoin SV (BSV) Price Prediction 2024-2030
Numerous factors are taken into account when forecasting prices including volume changes, price variations, market cycles, and similar coins. Let’s predict the price of Bitcoin SV (BSV) between 2024 and 2030.
Bitcoin SV (BSV) Price Prediction 2024
If the declining price action completely slows down in momentum and the trend reverses, Bitcoin SV (BSV) might probably attain $100 by 2024.
Bitcoin SV (BSV) Price Prediction 2025
With several upgrades in the network, Bitcoin SV (BSV) might enter a bullish trajectory. If the coin grabs the attention of major investors, BSV might rally to hit $140 by 2025.
Bitcoin SV (BSV) Price Prediction 2026
If Bitcoin SV (BSV) sustains major resistance levels and continues to be recognized as a better investment option among investors for the next 7 years, BSV would rally to hit $185.
Bitcoin SV (BSV) Price Prediction 2027
If Bitcoin SV (BSV) sustains major resistance levels and continues to be recognized as a better investment option among investors for the next 4 years, BSV would rally to hit $250.
Bitcoin SV (BSV) Price Prediction 2028
If Bitcoin SV (BSV) sustains major resistance levels and continues to be recognized as a better investment option among investors for the next 5 years, BSV would rally to hit $320.
Bitcoin SV (BSV) Price Prediction 2029
Bitcoin SV (BSV) holds up a strong stance as a better investment option for the next 6 years amid the trends in the highly-volatile crypto market. By driving significant price rallies, BSV would hit $400. in 2029.
Bitcoin SV (BSV) Price Prediction 2030
If investors flock in and continue to place their bets on Bitcoin SV (BSV), it would witness major spikes. BSV might hit $500 by 2030.
Conclusion
With continuous improvements in the Bitcoin SV Network, we can say that 2023 is a good year for BSV. For this reason, the bullish price prediction of Bitcoin SV (BSV) in 2023 is $75.69. On the other hand, the bearish price prediction of Bitcoin SV (BSV) price prediction for 2023 is $30.98.
Furthermore, with the advancements and upgrades to the Bitcoin SV ecosystem, the performance of BSV would help to reach above its current all-time high (ATH) of $489.75 very soon. But, it might also reach $80 if the investors believe that BSV is a good investment in 2023.
FAQ
1. What is Bitcoin SV (BSV)?
Bitcoin SV (BSV) is the native cryptocurrency of the Bitcoin Satoshi Vision (BSV) blockchain. Bitcoin SV was launched in 2018 as the second hard fork of the original Bitcoin protocol.
2. Where can you purchase Bitcoin SV (BSV)?
Bitcoin SV (BSV) has been listed on many crypto exchanges which include MEXC, BitForex, OKX, Digifinex, Huobi Global, Gate.io, Bibox, and BKEX.
3. Will Bitcoin SV (BSV) reach a new ATH soon?
With the ongoing developments and upgrades within the Bitcoin SV Platform, BSV has a high possibility of reaching its ATH soon.
4. What is the current all-time high (ATH) of Bitcoin SV (BSV)?
On April 16, 2021, Bitcoin SV (BSV) reached its new all-time high (ATH) of $489.75.
5. Is Bitcoin SV (BSV) a good investment in 2023?
Bitcoin SV (BSV) seems to be one of the top-gaining cryptocurrencies this year. According to the recorded achievements of stacks In the past few months, BSV is considered a good investment in 2023.
6. Can Bitcoin SV (BSV) reach $80?
Bitcoin SV (BSV) is one of the active cryptos that continues to maintain its bullish state. Eventually, if this bullish trend continues then Bitcoin SV (BSV) will hit $80 soon.
7. What will be Bitcoin SV (BSV) price by 2024?
Bitcoin SV (BSV) price is expected to reach $100 by 2024.
8. What will be Bitcoin SV (BSV) price by 2025?
Bitcoin SV (BSV) price is expected to reach $140 by 2025.
9. What will be Bitcoin SV (BSV) price by 2026?
Bitcoin SV (BSV) price is expected to reach $185 by 2026.
10. What will be Bitcoin SV (BSV) price by 2027?
Bitcoin SV (BSV) price is expected to reach $250 by 2027.
Top Crypto Predictions:
Disclaimer: The opinion expressed in this chart is solely the author’s. It does not represent any investment advice. TheNewsCrypto team encourages all to do their own research before investing.
Read more: https://thenewscrypto.com/bitcoin-sv-bsv-price-prediction/
Text source: TheNewsCrypto – Blockchain & Cryptocurrency News M
