BTC$60 384.12


ETH$3 295.72




Binance Coin






Bitcoin SV: Life After a Fairytale Pump

March 2020

After an absolutely enormous price increase that Bitcoin SV demonstrated at the beginning of the year: 400% in less than two weeks of January and a 160% rise in one day - February 14, which might have been a very nice Valentine’s Day present for some of the most industrious traders, Bitcoin SV has predictably entered a period of retracement that is now gradually transforming into threat of a downtrend.

The price explosion of BSV was based mostly on the hype around the court hearing involving Craig Wright and a ridiculous saga of the lost private key to Bitcoin wallets, which allegedly hold as many as $9 billion worth of BTC. The press furor that surrounded this event has gradually died down, along with the pump of BSV, which now has to face the reality that is the coronavirus and the overall decline in both tradition and cryptocurrency markets.

Bitcoin SV chart depicting the last 90 days of price action

Just like that, the incredible yearly gains of 276% - most of which, as already mentioned, is courtesy of the January - February bull rally, which was even considered as a start of the altseason - have run their course and were replaced by the price decline that Bitcoin SV has been showcasing throughout the past 30 days: -17% over the said period and -6.7% in a week. The fairytale has ended, and now BSV has to face the hard punch by the correction that threatens to escalate into a fully-fledged downtrend.

BSV is in a tough, but not a critical, situation

By looking at the daily chart, we can conclude that the Bitcoin SV price action is finally starting to look more healthy than it was during the infamous pump. Bitcoin, the forefather of BSV, has already slid below the 200-period EMA, which is a worrisome signal for those who were pinning their hopes on the bulls, since falling underneath this moving average usually confirms the trend reversal.

However, BSV itself has managed to stay way above that indicator, even though the price has crashed by 56% to the interim lows at $205. This occurrence means that the bears have failed, at least for now, to push BSV below the significant psychological level at $200, a fact which potentially hints at the formation of a new higher low at the $205 - $208 resistance. But the chart also shows that Bitcoin SV is currently being rejected by the 50-period EMA, and judging by the relative minimality of trading volume, it is highly likely that the price would be unable break through this level for some time and would go into a consolidation mode with the confines of $188 - $254 horizontal channel.

1-day BSV/USDT chart

Some might claim that we see a bullish crossover Stochastic, together with the fact that it is presently in the oversold region. Therefore, we could be looking at a potential price increase; however, historically, this pattern hasn’t always played out well for Bitcoin SV, though Stoch does provide good signals when it forms a divergence, as it did in mid-December 2019, right before the pump.

To summarize, what we really should be expecting from BSV is a relatively prolonged period of sideways trading that still has the potential to transform into the continuation of the uptrend - that is, of course, if the price manages to stay above the 200EMA.

Author: Alex Paulson for


Bitcoin SV (BSV): The Bears Hold It Tight In Their Claws
Bitcoin SV (BSV): The Bears Hold It Tight In Their Claws
Bitcoin SV (BSV) Might be Heading for the March Price Levels
Bitcoin SV (BSV) Might be Heading for the March Price Levels
Bitcoin SV (BSV) Lives the Post-Halving Disaster
Bitcoin SV (BSV) Lives the Post-Halving Disaster
Bitcoin SV (BSV): Nothing to Boast About at the Moment
Bitcoin SV (BSV): Nothing to Boast About at the Moment
Bitcoin SV Moves from Consolidation to Consolidation
Bitcoin SV Moves from Consolidation to Consolidation
Bitcoin SV (BSV) Price Prediction
Bitcoin SV (BSV) Price Prediction
Bitcoin SV (BSV) Price Forecast
Bitcoin SV (BSV) Price Forecast
Bitcoin SV Price Forecast for November 2019
Bitcoin SV Price Forecast for November 2019
New coins on the rise: BSV, BTT, BNB
New coins on the rise: BSV, BTT, BNB

Top Cryptocurrencies with Price Predictions

# Crypto Prediction Accuracy CVIX Price 24h 7d Market Cap 7d price change
1 Bitcoin (BTC) BTC Bitcoin predictions 64.4% 76 $60 384.12 6.38% 18.63% $1 185 960 787 695 BTC 7 days price change
2 Ethereum (ETH) ETH Ethereum predictions 63.2% 80 $3 295.72 1.41% 13.49% $395 984 026 758 ETH 7 days price change
3 Tether (USDT) USDT Tether predictions 92.4% 1 $1.000240 0.02% 0.02% $98 414 590 502 USDT 7 days price change
4 Binance Coin (BNB) BNB Binance Coin predictions 69.2% 69 $408.69 3.27% 9.83% $61 116 210 428 BNB 7 days price change
5 Solana (SOL) SOL Solana predictions 77.6% 41 $112.59 3.70% 10.88% $49 831 367 864 SOL 7 days price change
6 XRP (XRP) XRP XRP predictions 82% 29 $0.569519 -1.93% 5.06% $31 092 471 194 XRP 7 days price change
7 USD Coin (USDC) USDC USD Coin predictions 94.4% 1 $0.999787 -0.02% -0.02% $28 722 846 845 USDC 7 days price change
8 Cardano (ADA) ADA Cardano predictions 66.4% 66 $0.621687 -0.38% 6.62% $22 055 867 056 ADA 7 days price change
9 Dogecoin (DOGE) DOGE Dogecoin predictions 83.6% 27 $0.114561 16.71% 37.86% $16 412 473 885 DOGE 7 days price change
10 Avalanche (AVAX) AVAX Avalanche predictions 76.4% 50 $38.98 -0.39% 6.18% $14 702 846 695 AVAX 7 days price change
11 TRON (TRX) TRX TRON predictions 71.6% 63 $0.142029 -0.23% 2.10% $12 496 527 666 TRX 7 days price change
12 Wrapped TRON (WTRX) WTRX Wrapped TRON predictions 70.4% 61 $0.141811 -0.07% 2.00% $12 477 278 485 WTRX 7 days price change
13 Chainlink (LINK) LINK Chainlink predictions 78.4% 44 $19.02 -0.41% 4.52% $11 166 703 030 LINK 7 days price change
14 Polkadot (DOT) DOT Polkadot predictions 76.8% 48 $8.19 -1.64% 11.95% $10 519 188 402 DOT 7 days price change
15 Lido stETH (STETH) STETH Lido stETH predictions 92.8% 1 $2 941.39 -0.40% -3.32% $10 258 752 564 STETH 7 days price change

Be the first to receive Cryptocurrency Price Predictions and Forecasts daily

Get cryptocurrency price predictions, forecasts with analysis and news right to your inbox.

© 2015-2024

The usage of this website constitutes acceptance of the following legal information. Any contracts of financial instruments offered to conclude bear high risks and may result in the full loss of the deposited funds. Prior to making transactions one should get acquainted with the risks to which they relate. All the information featured on the website, including information about the cryptocurrencies and bitcoin is intended solely for informational purposes, is not a means of advertising them, and doesn't imply direct instructions for investing. Crypto Rating shall not be liable for any loss, including unlimited loss of funds, which may arise directly or indirectly from the usage of this information. The editorial staff of the website does not bear any responsibility whatsoever for the content of the comments or reviews made by the site users about cryptocurrencies. The entire responsibility for the contents rests with the authors. Reprint of the materials is available only with the permission of the editorial staff.