BSV Price Analysis: Bitcoin SV Surges 74% Since Last Week

Bitcoin SV, the hard fork of Bitcoin has given quite a shock to the crypto community with BSV price surging by 74.4% in the last 7 days. With a great soar, BSV has surpassed other altcoins like Binance coin, Litecoin to gain 6th position in the list tabulated as per market capitalization.  


BSV Price Analysis:

As of writing, Bitcoin SV (BSV) is currently trading at $205.34 with a 28% price rise. Also, BSV /BTC price is up by 21% at 0.02406878 BTC. The market cap of BSV has increased to $3,704,935,967 USD in last week. 

BSV price

BSV price has been steadily increasing form Jan 11. However, the Bitcoin SV price is still 18% less than its all-time high of $252 in June 2019. 

BSV Technical Price Analysis-

The technical chart of BSV shows a great pump in the coming days. The next resistance is at $220.

  • MACD: The 4-hour Moving average indicator shows the price graph way above the bullish support at level-12. 
  • RSI: The 4-hour RSI Indicator is above the bullish support of level 70 showing a bullish surge in the coming days. 
bitcoin sv price

BSV Soar Over Tulip Trust IIIrd?

On Jan 11, self-proclaimed Satoshi, Craig Wright tweeted about a piece of upcoming big news for BSV. Also, there is an update in the long-running Wright-Kleiman case. Craig Wright’s lawyer has submitted Florida courts a series of documents. One of which holds details of tulip trust IIIrd, the holder of 1 million bitcoins. If this is proved to be true, Craig Wright will be declared as Satoshi. 

The news, as expected, created an uproar in the crypto community. Also, Craig has hinted that BSV is the original Bitcoin as per the whitepaper. As a result, BSV has changed many hands in the last few days and its price has soared. 

The crypto community is out there rejoicing. Will their excitement continues or the BSV price will crash and dampen it? Share your views on Facebook and Twitter.

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Qadir AK

Qadir Ak is the founder of Coinpedia. He has over a decade of experience writing about technology and has been covering the blockchain and cryptocurrency space since 2010. He has also interviewed a few prominent experts within the cryptocurrency space.

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