- Bullish Bitcoin SV (BSV) price prediction ranges from $180 to $250.
- Analysis suggests that the BSV price might reach above $190.
- The BSV bearish market price prediction for 2024 is $45.
What is Bitcoin SV (BSV)?
The goal of deriving a hard-forked Bitcoin SV was to fulfill the original vision of the Bitcoin protocol and design as described in Satoshi Nakamoto’s white paper, early Bitcoin client software, and known Satoshi writings.
As such, BSV aims to offer scalability and stability in line with the original description of Bitcoin as a peer-to-peer electronic cash system, as well as deliver a distributed data network that can support enterprise-level advanced blockchain applications.
Moreover, BSV’s unbounded block size enables it to scale to meet market forces and accommodate the demands of any application and payment network without resorting to second-layer solutions.
In 2021, the BSV network mined the world’s first gigabyte (1000+ megabytes) level blocks – reaching up to 2 GBs in August 2021; which, when compared with the previous block cap of 1MB on the BTC network, is 2000 times greater. Furthermore, the Block capacity of the BSV network is expected to continue growing further to support more transaction volume and data use cases.
Table of contents
- What is Bitcoin SV (BSV)?
- Bitcoin SV (BSV) Market Overview
- Analysts’ Views on Bitcoin SV
- Bitcoin SV (BSV) Current Market Status
- Bitcoin SV (BSV) Price Analysis 2024
- Bitcoin SV (BSV) Price Prediction 2024-2030 Overview
- Bitcoin SV (BSV) Price Prediction 2024
- Bitcoin SV (BSV) Price Prediction 2025
- Bitcoin SV (BSV) Price Prediction 2026
- Bitcoin SV (BSV) Price Prediction 2027
- Bitcoin SV (BSV) Price Prediction 2028
- Bitcoin SV (BSV) Price Prediction 2029
- Bitcoin SV (BSV) Price Prediction 2030
- Bitcoin SV (BSV) Price Prediction 2040
- Bitcoin SV (BSV) Price Prediction 2050
- More Crypto Price Predictions:
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Analysts’ Views on Bitcoin SV
Founder of Cybercapital, Europe’s oldest fund, Justin Bons explained that BTC was doomed to lose its dominant position by market capitalization. Furthermore, Bons stated that in the event the preceding happened then it would cause cognitive dissonance, which could make BTC proponents more toxic.
Moreover, he stated why BTC could lose its position in a thread that consisted of 16 tweets.
Bitcoin SV (BSV) Current Market Status
Bitcoin SV (BSV) has a circulating supply of 19,266,076.64 BSV, while its maximum supply is 21,000,000 BSV, according to CoinMarketCap. At the time of writing, BSV is trading at $88.86 representing 24 hours decrease of 1.550%. The trading volume of BSV in the past 24 hours is $609,532,522 which represents a 21.34% decrease.
Some top cryptocurrency exchanges for trading Bitcoin SV (BSV) are Bithumb, Huobi, Kucoin, Gate.io and OKX.
Now that you know Bitcoin SV and its current market status, we shall discuss the price analysis of Bitcoin SV (SV) for 2024.
Bitcoin SV (BSV) Price Analysis 2024
Currently, BSV is ranked 51 on CoinMarketCap. Will developments and upgrades within the Bitcoin SV community lead to a rise in the price of Bitcoin SV (BSV)? We shall see this in this CoinEdition price analysis 2024 article.
Bitcoin SV (BSV) Price Analysis – Bollinger Bands
The Bollinger bands are a type of price envelope developed by John Bollinger. It gives a range with an upper and lower limit for the price to fluctuate. The Bollinger bands work on the principle of standard deviation and period (time).
The upper band as shown in the chart is calculated by adding two times the standard deviation to the Simple Moving Average while the lower band is calculated by subtracting two times the standard deviation from the Simple Moving Average. When the bands widen, it shows there’s going to be more volatility and when they contract, there is less volatility.
When Bollinger bands are used in a cryptocurrency chart, we could expect the price of the cryptocurrency to reside within the upper and lower bounds of the Bollinger bands 95% of the time. The above thesis is derived from an Empirical law.
The sections highlighted by red rectangles in the chart above show how the bands expand and contract. When the bands widen, we could expect more volatility, and when the bands contract, it denotes less volatility.
Currently, the Bollinger bands have widened to the maximum, and the Bollinger bandwidth percentile indicator shows a red line — maximum volatility. BSV has gone above the upper Bollinger band and there is a high chance that the market could correct the prices and BSV could fall back into the bands. The developing red candlestick is a testament to the fact that the market is correcting the prices. Once BSV is back within the Bollinger bands there is a possibility that BSV could move sideways or towards the lower band. However, the trend might still be up, and the Bollinger Band super trend indicator will be green to a certain extent. However, after a while, if BSV keeps on losing value, the trend could change.
Bitcoin SV (BSV) Price Analysis – Relative Strength Index
The Relative Strength Index is an indicator that is used to find out whether the price of a security is overvalued or undervalued. As per its name, RSI indicators help determine how the security is doing at present, relative to its previous price.
Moreover, it has a signal line which is a Simple Moving Average (SMA) that acts as a yardstick or reference to the RSI line. Hence, whenever the RSI line is above the SMA it is considered bullish and if it’s below the SMA then it is bearish.
When considering the first green rectangle from the left of the chart below we can see that the RSI is below the signal. Hence, BSV is bearish and as a result, it is making lower lows.
The second green rectangle shows that the RSI line (purple) is above the Signal line (yellow). As such, Bitcoin SV (BSV) is bullish or gaining value. Therefore it is reaching higher lows as shown in the chart.
To deduce whether a cryptocurrency is bearish or bullish, the RSI compares the gains of the securities against the losses it made in the past. This ratio of gains against the losses is then deducted from the 100.
If the answer is equal to or less than 30, then we call that the price of the security is in the oversold region.
Currently, the RSI is residing in the overbought region and the line seems to be moving downwards. Once the market corrects the prices the RSI could fall below the overbought region. The emerging red candlestick could be the start of the retracement. During this retracement, the price could fall as low as $76 or the bottom of yesterday’s green candlestick. Within this shortfall, the RSI should be able to fall below the overbought region.
Bitcoin SV (BSV) Price Prediction – Moving Averages
The Exponential Moving averages are quite similar to the simple moving averages (SMA). However, the SMA equally distributes down all values whereas the Exponential Moving Average gives more weightage to the current prices. Since SMA undermines the weightage of the present price, the EMA is used in price movements.
The 200-day MA is considered to be the long-term moving average while the 50-day MA is considered the short-term moving average in trading. Based on how these two lines behave, the strength of the cryptocurrency or the trend can be determined on average.
In particular, when the short-term moving average (50-day MA) approaches the long-term moving average (200-day MA) from below and crosses it, we call it a Golden Cross.
Contrastingly, when the short-term moving average crosses the long-term moving average from above then, a death cross occurs.
Usually, when a Golden Cross occurs, the prices of the cryptocurrency will shoot up drastically, but when there’s a Death Cross, the prices will crash.
Whenever the price of cryptocurrency is above the 50-day or 200-day MA, or above both we may say that the token is bullish. Contrastingly, if the token is below the 50-day or 200-day, or below both, then we could call it bearish (Green triangle section).
When looking at the chart above, we could see that BSV was testing the 50-day EMA for the part. At times it broke the 50-day EMA, and at other times it just tested and was rejected. Currently, we can see that BSV is trading above the 50-day EMA and 200-day EMA. Hence, BSV is bullish in the short and long term. Moreover, since the 50-day EMA crossed the 200-day EMA from below, there was a Golden cross that took place. Since the Golden Cross happened BSV has been going great.
If by any chance the trend changes and BSV desperately looks for support, then the 50-day EMA could come to the rescue. However, the depth of the fall is inevitable. Nonetheless, in a market surrounded by the bullish sentiment that lies at the heart of BTC halving, the question is will BSV fall?
Bitcoin SV (BSV) Price Prediction 2024-2030 Overview
Bitcoin SV (BSV) Price Prediction 2024
After losing value from late 2021 to May 2022, the rate of losing value seems to have diminished. The gradient of the falling slope seems to have increased by quite a bit. Since November 2022 BSV has been sideways within a tight range.
When this whole fall, consolidation, and rising phase is put together, we can deduce that BSV is following the Wyckoff pattern. Currently, BSV is rebounding on the resistance level at around $90. In the coming days, BSV could test the resistance level above it at $100. Once the $100 mark is breached, then BSV will see open skies to fly towards its next destination at $190.
Moreover, the bullish sentiment driven by BTC halving is one favorable condition that sets the stage for BSV to rise to this significant level. Moreover, there is a high chance for BSV to rebound on and off of the resistance level before the spike.
Hence, those trying to enter the market may need to make use of this opportunity to set the entry point near these levels.
In the event that this Wyckoff pattern is dismantled —- BSV breaks below the $90 resistance level, then, support may be there for BSV near the $46 level.
Bitcoin SV (BSV) Price Prediction – Resistance and Support Levels
The above chart shows the Resistance and Support levels of BSV. Moreover, when BSV is arranged in set up as shown in the chart, we could observe the difference in its fluctuating pattern. On the left of the mirror is the image and on the right is the mirror image.
The fluctuation in the red rectangle on either side of the mirror seems to be similar. However, the yellow rectangle seems to have a bit of variation. For instance, BSV on the right rose exponentially and reached Resistance 5 whereas, on the left BSV drastically rose with one candlestick.
The fluctuation of BSV within the blue rectangles on either side of the mirror seems to have quite a bit of difference. In particular, the BSV tested Resistance 3 inside of the blue rectangle, while on the right of the mirror, its fluctuation was limited below Resistance 2.
When comparing the pink rectangles on the far end of both sides, we can see that there is more consolidation on the right than on the left. Additionally, the prices on the right are more lopsided towards Support 1. Hence, if this pattern of fluctuation continues, we may see BSV form a new Support level.
The chart shows that BSV has been testing the 2:1 Gann fan line on numerous occasions since May 2023. Although at times BSV broke above the 2:1 Gann line, it was not able to stay there as the bear pressure pulled it down. However, BSV has broken above the 2:1 Gann line and it is currently testing the 1:1 Gann line. Since there will be a bit of retracement in the days to come BSV could be sliding along the 8:1 Gann line.
Bitcoin SV (BSV) Price Prediction 2025
BSV may still experience the after-effects of the Bitcoin halving and is expected to trade above its 2024 price. Many trade analysts speculate that BTC halving could create a huge impact on the crypto market. Moreover, similar to many altcoins, BSV will continue to rise in 2025 forming new resistance levels. It is expected that BSV will trade beyond the $400 level.
Bitcoin SV (BSV) Price Prediction 2026
It is expected that after a long period of bull run, the bears would come into power and start negatively impacting the cryptocurrencies. During this bearish sentiment, BSV could tumble into its support regions. During this period of price correction, BSV could lose momentum and be far below its 2025 price. As such it could be trading at $300 by 2026.
Bitcoin SV (BSV) Price Prediction 2027
Naturally, traders expect a bullish market sentiment after the crypto industry was affected negatively by the bears’ claw. Moreover, the build-up to the next Bitcoin halving in 2028 could evoke excitement in traders. As such we could expect BSV to trade at around $240 by the end of 2027.
Bitcoin SV (BSV) Price Prediction 2028
As the crypto community’s hope will be re-ignited looking forward to Bitcoin halving like many altcoins, BSV will continue to form new higher highs and is expected to move in an upward trajectory. Hence, BSV would be trading at $320 after experiencing a massive surge by the end of 2028.
Bitcoin SV (BSV) Price Prediction 2029
2029 is expected to be another bull run due to the aftermath of the BTC halving. However, traders speculate that the crypto market will gradually become stable by this year. In tandem with the stable market sentiment and the slight price surge expected after the aftermath, BSV could be trading at $670 by the end of 2029.
Bitcoin SV (BSV) Price Prediction 2030
After witnessing a bullish run in the market, BSV and many altcoins would show signs of consolidation and might trade sideways and move downwards for some time while experiencing minor spikes. Therefore, by the end of 2030, BSV could be trading at $600.
Bitcoin SV (BSV) Price Prediction 2040
The long-term forecast for BSV indicates that this altcoin could reach a new all-time high(ATH). This would be one of the key moments as HODLERS may expect to sell some of their tokens at the ATH point.
If they start selling then BSV could fall in value. It is expected that the average price of BSV could reach $1000 by 2040.
Bitcoin SV (BSV) Price Prediction 2050
The community believes that there will be widespread adoption of cryptocurrencies, which could maintain gradual bullish gains. By the end of 2050, if the bullish momentum is maintained, BSV could hit $2,500.
If investors continue to show interest in BSV and add these tokens to their portfolio, then, it could continue to rise up. BSV’s bullish price prediction shows that it could reach the $190 level.
Bitcoin SV (BSV) is a hard fork of Bitcoin Cash that was created on November 15, 2018.
Like other cryptocurrencies, Bitcoin SV (BSV) can be traded in cryptocurrency exchanges like Bitfinex, Huobi Global, Kucoin, Gate.io, and others.
BSV has been one of the most suitable investments in the crypto space. Although it has been depreciating in value, we could expect it to rise exponentially when the bottom is reached. Hence, traders may be allured to invest in BSV.
Bitcoin SV has a low possibility of surpassing its present all-time high (ATH) price of $491.64 in 2022.
It was launched in November 2018.
BSV is one of the few cryptocurrencies that has retained its bullish momentum in the past seven days. If this momentum is maintained, BSV might reach $190 soon after its breaks the Resistance level.
BSV is expected to reach $190 by 2024.
BSV is expected to reach $400 by 2025.
BSV is expected to reach $300 by 2026.
BSV is expected to reach $240 by 2027.
BSV is expected to reach $320 by 2028.
BSV is expected to reach $670 by 2029.
BSV is expected to reach $600 by 2030.
BSV is expected to reach $1,000 by 2040.
BSV is expected to reach $2,500 by 2050.
Disclaimer: The views and opinions, as well as all the information shared in this price prediction, are published in good faith. Readers must do their research and due diligence. Any action taken by the reader is strictly at their own risk. Coin Edition and its affiliates will not be held liable for any direct or indirect damage or loss.
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Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.