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Bitcoin SV (BSV) Price Prediction 2023, 2024, 2025-2030 

Bitcoin SV (BSV) Price Prediction 2023 — Will BSV Hit $80 Soon? Crypto Price Prediction
  • Bullish BSV price prediction for 2023 is $56.73 to $76.28.
  • Bitcoin SV (BSV) price might reach $80 soon.
  • Bearish BSV price prediction for 2023 is $30.29.

In this Bitcoin SV (BSV) price prediction 2023, 2024-2030,  we will analyze the price patterns of BSV by using accurate trader-friendly technical analysis indicators and predict the future movement of the cryptocurrency

TABLE OF CONTENTS
INTRODUCTION
  • Bitcoin SV (BSV) Current Market Status
  • What is Bitcoin SV (BSV)?
  • Bitcoin SV (BSV) 24H Technicals
BITCOIN SV (BSV) PRICE PREDICTION 2023
  • Bitcoin SV (BSV) Support and Resistance Levels
  • Bitcoin SV (BSV) Price Prediction 2023 — RVOL, MA & RSI
  • Bitcoin SV (BSV) Price Prediction 2023 — ADX, RVI
  • Comparison of BSV with BTC, ETH
BITCOIN SV (BSV) PRICE PREDICTION 2024, 2025, 2026-2030
CONCLUSION
FAQ

Bitcoin SV (BSV) Current Market Status

Current Price $47.45
24 – Hour Price Change 5.15% Up
24 – Hour Trading Volume $52,023,259
Market Cap $928,314,493
Circulating Supply 19,564,988 BSV
All – Time High $491.64 (On Apr 16, 2021)  
All – Time Low $23.30 (On Jun 10, 2023)  
BSV Current Market Status (Source: CoinMarketCap)

What is Bitcoin SV (BSV)

TICKERBSV
BLOCKCHAINBitcoin SV blockchain
CATEGORYBitcoin Cash Hard Fork
LAUNCHED ONNovember, 2018
UTILITIESGovernance, Fast Transactions, gas fees & rewards

Bitcoin SV, also known as Bitcoin Satoshi Vision (BSV), serves as the native cryptocurrency for the Bitcoin SV blockchain, which emerged as a result of a hard fork from Bitcoin Cash (BCH) in 2018. Notably, BCH was the first hard fork of the original Bitcoin network, making Bitcoin SV the second hard fork of the Bitcoin blockchain.

Similar to the original Bitcoin network, Bitcoin SV relies on the proof-of-work (PoW) consensus mechanism for security. This “Bitcoin clone” aims to stay true to Satoshi Nakamoto’s original vision for Bitcoin while enhancing scalability. 

One of the key improvements is the introduction of expanded block sizes, enabling the network to handle more transactions efficiently. With these developments, Bitcoin SV endeavors to maintain the essence of Bitcoin while offering enhanced capabilities for its users.

Bitcoin SV 24H Technicals

(Source: TradingView)

Bitcoin SV (BSV) Price Prediction 2023

Bitcoin SV (BSV) ranks 57th on CoinMarketCap in terms of its market capitalization. The overview of the Bitcoin SV price prediction for 2023 is explained below with a daily time frame.

BSV/USDT Rounding Bottom Pattern (Source: TradingView)

In the above chart, Bitcoin SV (BSV) laid out a rounding bottom pattern. The price movements form a pattern that resembles a bow and hence is also known as the saucer bottom pattern. In general, the rounding bottom pattern indicates a long-term price reversal. This pattern also emphasizes the changes in the market sentiment as the trend seems to shift from bearish to bullish. Investors generally have to stay cautious and time the market well. If the price breaks and moves past the resistance level, it will enter a confirmed bullish trajectory.

At the time of analysis, the price of Bitcoin SV (BSV) was recorded at $47.45. If the pattern trend continues, then the price of BSV might reach the resistance levels of $59.32 and $172.81. If the trend reverses, then the price of BSV may fall to the support of $32.07, and $20.80.

Bitcoin SV (BSV) Resistance and Support Levels

The chart given below elucidates the possible resistance and support levels of Bitcoin SV (BSV) in 2023.

BSV/USDT Resistance and Support Levels (Source: TradingView)

From the above chart, we can analyze and identify the following as resistance and support levels of Bitcoin SV (BSV) for 2023.

Resistance Level 1$56.73
Resistance Level 2$76.48
Support Level 1$43.62
Support Level 2$30.29

BSV Resistance & Support Levels

Bitcoin SV (BSV) Price Prediction 2023 — RVOL, MA, and RSI

The technical analysis indicators such as Relative Volume (RVOL), Moving Average (MA), and Relative Strength Index (RSI) of Bitcoin (BSV) are shown in the chart below.

BSV/USDT RVOL, MA, RSI (Source: TradingView)

From the readings on the chart above, we can make the following inferences regarding the current Bitcoin SV (BSV) market in 2023.

INDICATORPURPOSEREADINGINFERENCE
50-Day Moving Average (50MA)Nature of the current trend by comparing the average price over 50 days50 MA = $46.96Price = $47.08
(50MA< Price)
Bullish/Uptrend
Relative Strength Index (RSI)Magnitude of price change;Analyzing oversold & overbought conditions49.78
<30 = Oversold
50-70 = Neutral>70 = Overbought
Nearly Oversold 
Relative Volume (RVOL)Asset’s trading volume in relation to its recent average volumesBelow cutoff lineWeak volume

Bitcoin SV (BSV) Price Prediction 2023 — ADX, RVI

In the below chart, we analyze the strength and volatility of Bitcoin SV (BSV) using the following technical analysis indicators — Average Directional Index (ADX) and Relative Volatility Index (RVI).

BSV/USDT ADX, RVI (Source: TradingView)

From the readings on the chart above, we can make the following inferences regarding the price momentum of Bitcoin SV (BSV).

INDICATORPURPOSEREADINGINFERENCE
Average Directional Index (ADX)Strength of the trend momentum24.92Weak Trend
Relative Volatility Index (RVI)Volatility over a specific period46.68

<50 = Low
>50 = High
Low volatility

Comparison of BSV with BTC, ETH

Let us now compare the price movements of Bitcoin SV (BSV) with that of Bitcoin (BTC), and Ethereum (ETH).

BTC Vs ETH Vs BSV Price Comparison (Source: TradingView)

From the above chart, we can interpret that the price action of BSV is similar to that of BTC and ETH. That is, 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, 2025 – 2030

With the help of the aforementioned technical analysis indicators and trend patterns, let us predict the price of Bitcoin SV (BSV) between 2024, 2025, 2026, 2027, 2028, 2029 and 2030.

Year Bullish Price Bearish Price
Bitcoin SV (BSV) Price Prediction 2024$85$30
Bitcoin SV (BSV) Price Prediction 2025$90$28
Bitcoin SV (BSV) Price Prediction 2026$110$25
Bitcoin SV (BSV) Price Prediction 2027$120$21
Bitcoin SV (BSV) Price Prediction 2028$130$19
Bitcoin SV (BSV) Price Prediction 2029$140$17
Bitcoin SV (BSV) Price Prediction 2030$150$15

Conclusion

If Bitcoin SV (BSV) establishes itself as a good investment in 2023, this year would be favorable to the cryptocurrency. In conclusion, the bullish Bitcoin SV (BSV) price prediction for 2023 is $76.28. Comparatively, if unfavorable sentiment is triggered, the bearish Bitcoin SV (BSV) price prediction for 2023 is $30.29.

If the market momentum and investors’ sentiment positively elevate, then Bitcoin SV (BSV) might hit $80. Furthermore, with future upgrades and advancements in the Bitcoin SV ecosystem, BSV might surpass its current all-time high (ATH) of $491.64. and mark its new ATH. 

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 OKX, Bybit, DigiFinex, BingX, and Bitget.

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 $491.64.

5. What is the lowest price of Bitcoin SV (BSV)?

According to CoinMarketCap, BSV hit its all-time low (ATL) of $23.30, On Jun 10, 2023.

6. Will Bitcoin SV (BSV) reach $80?

If Bitcoin SV (BSV) becomes one of the active cryptocurrencies that majorly maintain a bullish trend, it might rally to hit $80 soon.

7. What will be Bitcoin SV (BSV) price by 2024?

Bitcoin SV (BSV) price is expected to reach $85 by 2024.

8. What will be Bitcoin SV (BSV) price by 2025?

Bitcoin SV (BSV) price is expected to reach $90 by 2025.

9. What will be Bitcoin SV (BSV) price by 2026?

Bitcoin SV (BSV) price is expected to reach $110 by 2026.

10. What will be Bitcoin SV (BSV) price by 2027?

Bitcoin SV (BSV) price is expected to reach $120 by 2027.  


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 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.

A dedicated writer who shows her interest in writing all sorts of content about the cryptocurrency market in NewsCrypto. She is an enthusiastic reader and writer with passion for sharing crypto news and trends.