Bitcoin SV (BSV) is currently trading at a price around $315, after pumping over 300% since the start of the year.
Over the past 24 hours, BSV has maintained its positive momentum, growing around 3%.
From September to October 2019, BSV pumped close to 80% before dropping around 45% in value towards the end of the year.
However, the price of BSV has now spiked to a new all-time high. At the peak of its most recent rally, BSV was worth $425 per coin.
Will Bitcoin SV continue to pump? If so, what are the new possible price targets for the altcoin?
Bitcoin SV price chart is extremely bullish. Not only are all the EMAs pointing upwards, but BSV is currently well above target volume levels.
From bottom to top, BSV pumped close to 430% in the space of 30 days.
Currently, the altcoin is holding support above $303, a key volume level according to the profile. If the altcoin were to drop, the next support level would be around $225 – or 30% below the current price.
Below that, strong support can be found at $194 and $135. Finally, the most support is currently found between $90 and $110.
At the time of writing, BSV is sitting well above all its EMAs. The next big resistance levels are virtually non-existent, so we could see Bitcoin SV pumping towards $500 soon.
In terms of volume, Bitcoin SV price was trading on average $500,000 per day in December. Since January, volume has grown massively, pumping over 600% to over $3 billion, where it currently sits.
I expect BSV to continue pumping as long as volume remains the same. Altcoins have a tendency to follow the Bitcoin trend, which is quite positive at the moment.
The current Bitcoin SV price trend
— Coin Rivet (@CoinRivet) January 16, 2020
As discussed in the article above, BSV is one of the top performers vs BTC over the past year.
The recent pump in BSV price has been going on since early 2019. A great deal of altcoins mooned due to the BTC pump that took the world’s largest cryptocurrency back to the $14,000 range.
Added to that, news from the ongoing Wright vs Kleiman case has caused a great deal of FOMO among investors, which has no doubt provided some thrust to the recent spike.
Current live BCH pricing information and interactive charts are available on our site 24 hours a day. The ticker bar at the bottom of every page on our site has the latest BCH price. Pricing is also available in a range of different currency equivalents:
US Dollar – BSVtoUSD
British Pound Sterling – BSVtoGBP
Japanese Yen – BSVtoJPY
Euro – BSVtoEUR
Australian Dollar – BSVtoAUD
Russian Rouble – BSVtoRUB
Bitcoin – BSVtoBTC
About Bitcoin SV
Bitcoin SV came into existence following the Bitcoin Cash chain split on November 15 2018. It is currently the fourth-largest cryptocurrency by market cap, with each coin now worth over $300 despite trading below $100 at the turn of the year.
More Bitcoin SV news and information
If you want to find out more information about Bitcoin SV or cryptocurrencies in general, then use the search box at the top of this page. Here’s an article to get you started:
As with any investment, it pays to do some homework before you part with your money. The prices of cryptocurrencies are volatile and go up and down quickly. This page is not recommending a particular currency or whether you should invest or not.
Disclaimer: The views and opinions expressed by the author should not be considered as financial advice. We do not give advice on financial products.