- Bullish BSV price prediction for 2024 is $128.53 to $263.91.
- Bitcoin SV (BSV) price might reach $300 soon.
- Bearish BSV price prediction for 2024 is $16.27.
In this Bitcoin SV (BSV) price prediction 2024, 2025-2030, we will analyze the price patterns of BSV by using accurate trader-friendly technical analysis indicators and predict the future movement of the cryptocurrency.
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TABLE OF CONTENTS |
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INTRODUCTION |
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BITCOIN SV (BSV) PRICE PREDICTION 2024 |
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| BITCOIN SV (BSV) PRICE PREDICTION 2025, 2026-2030 |
| CONCLUSION |
| FAQ |
Bitcoin SV (BSV) Current Market Status
| Current Price | $55.59 | 24 – Hour Price Change | 2.41% Up |
| 24 – Hour Trading Volume | $62.09M |
| Market Cap | $1.1B |
| Circulating Supply | 19.8M BSV | All – Time High | $491.64 (On Apr 16, 2021) |
| All – Time Low | $23.30 (On Jun 10, 2023) |
(Source: CoinMarketCap)
What is Bitcoin SV (BSV)
| TICKER | BSV |
| BLOCKCHAIN | Bitcoin SV blockchain |
| CATEGORY | Bitcoin Cash Hard Fork |
| LAUNCHED ON | November, 2018 |
| UTILITIES | Governance, 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 2024
Bitcoin SV (BSV) ranks 95th on CoinMarketCap in terms of its market capitalization. The overview of the Bitcoin SV price prediction for 2024 is explained below with a daily time frame.
In the above chart, Bitcoin SV (BSV) laid out a descending channel pattern. A descending channel, also known as a falling channel, is a bearish technical analysis pattern formed by two parallel downward-sloping trendlines. The upper trendline connects a series of high points, indicating resistance where the price struggles to rise above, while the lower trendline connects the lower points, acting as support.
This pattern suggests that sellers are in control, with the price consistently making lower highs and lower lows. Traders often look to sell near the upper trendline and buy near the lower trendline, as the price typically oscillates within this defined range. Overall, the descending channel helps traders identify potential shorting opportunities and assess market sentiment.
At the time of analysis, the price of Bitcoin SV (BSV) was recorded at $55.03. If the pattern trend continues, then the price of BSV might reach the resistance levels of $57.81, $67.03 and $87.91. If the trend reverses, then the price of BSV may fall to the support of $48.07.
Bitcoin SV (BSV) Resistance and Support Levels
The chart given below elucidates the possible resistance and support levels of Bitcoin SV (BSV) in 2024.
From the above chart, we can analyze and identify the following as resistance and support levels of Bitcoin SV (BSV) for 2024.
| Resistance Level 1 | $128.53 |
| Resistance Level 2 | $263.91 |
| Support Level 1 | $43.69 |
| Support Level 2 | $16.27 |
BSV Resistance & Support Levels
Bitcoin SV (BSV) Price Prediction 2024 — 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.
From the readings on the chart above, we can make the following inferences regarding the current Bitcoin SV (BSV) market in 2024.
| INDICATOR | PURPOSE | READING | INFERENCE |
| 50-Day Moving Average (50MA) | Nature of the current trend by comparing the average price over 50 days | 50 MA = $65.45 Price = $54.76 (50MA> Price) |
Bearish/Downtrend |
| Relative Strength Index (RSI) | Magnitude of price change;Analyzing oversold & overbought conditions | 37.60 <30 = Oversold 50-70 = Neutral >70 = Overbought |
Oversold |
| Relative Volume (RVOL) | Asset’s trading volume in relation to its recent average volumes | Below cutoff line | Weak volume |
Bitcoin SV (BSV) Price Prediction 2024 — 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).
From the readings on the chart above, we can make the following inferences regarding the price momentum of Bitcoin SV (BSV).
| INDICATOR | PURPOSE | READING | INFERENCE |
| Average Directional Index (ADX) | Strength of the trend momentum | 22.83 | Strong Trend |
| Relative Volatility Index (RVI) | Volatility over a specific period | 38.23
<50 = Low |
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).
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 2025 | $320 | $16 |
| Bitcoin SV (BSV) Price Prediction 2026 | $330 | $15 |
| Bitcoin SV (BSV) Price Prediction 2027 | $340 | $14 |
| Bitcoin SV (BSV) Price Prediction 2028 | $350 | $13 |
| Bitcoin SV (BSV) Price Prediction 2029 | $360 | $12 |
| Bitcoin SV (BSV) Price Prediction 2030 | $370 | $11 |
Conclusion
If Bitcoin SV (BSV) establishes itself as a good investment in 2024, this year would be favorable to the cryptocurrency. In conclusion, the bullish Bitcoin SV (BSV) price prediction for 2024 is $263.91. Comparatively, if unfavorable sentiment is triggered, the bearish Bitcoin SV (BSV) price prediction for 2024 is $16.27.
If the market momentum and investors’ sentiment positively elevate, then Bitcoin SV (BSV) might hit $300. 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 $300?
If Bitcoin SV (BSV) becomes one of the active cryptocurrencies that majorly maintain a bullish trend, it might rally to hit $300 soon.
7. What will be Bitcoin SV (BSV) price by 2024?
Bitcoin SV (BSV) price is expected to reach $320 by 2024.
8. What will be Bitcoin SV (BSV) price by 2025?
Bitcoin SV (BSV) price is expected to reach $330 by 2025.
9. What will be Bitcoin SV (BSV) price by 2026?
Bitcoin SV (BSV) price is expected to reach $340 by 2026.
10. What will be Bitcoin SV (BSV) price by 2027?
Bitcoin SV (BSV) price is expected to reach $350 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.
