Bitcoin SV (BSV) Token Price Prediction 2023-2032: Will BSV Hit $100 Soon?

Check Bitcoin SV (BSV) Token price prediction and analysis for 2023-2032. Will BSV reach $100 soon? What's the future of Bitcoin SV (BSV) Token?

The Bitcoin SV coin price showed a high volatility of 8.5%, while the market cap dominance stood at 0.04%.

The market cap of the Bitcoin SV coin increased by 0.2% in the last 24 hours, reaching a value of $831.187 Million. It was ranked as the 72nd largest cryptocurrency in the global crypto market.

The liquidity of the crypto was moderate, with the volume/market cap ratio at 6.32%. Trading volume for the Bitcoin SV crypto increased by 92% in the last 24 hours, indicating a surge in coin trading activity.

The supply inflation of the token was 2.29%, with a circulating supply of 19.71 Million BSV. The maximum supply of the coin was 21.0 Million BSV, resulting in a fully diluted market cap of $830.133 Million.

The Bitcoin SV coin had a security score of 70.3, placing it in the BB tier. It was ranked #1937 in global security and had a low governance score.

At the time of writing, the derivatives trading volume for the Bitcoin SV coin had seen a 265% surge over the last 24 hours.

The liquidation chart of the BSV coin showed a decrease in the liquidation activity of the coin over the last few days. However, the open interest in crypto had increased by 36% in the previous 24 hours.

The surge in open interest indicates that the number of open positions in the coin was increasing. Furthermore, the long liquidation of the Bitcoin SV coin was valued at $191.73K, while shorts worth $21.08K were liquidated.

BSV has seen a continuous decline over the last five months, followed by consistent profit booking.

BSV was trading in a strong downtrend, leading to the formation of lower low swings on the daily chart.

BSV steadily declined 70% from the swing high of $126.18. Moreover, the coin’s price traded 91.3% below its all-time high price, showing the overall price trend as strongly negative.

The following behavior of the BSV coin price led to the formation of a falling wedge pattern and the price traded inside the same.

BSV was trading below the 50-day and the 200-day EMAs on the daily chart. Additionally, the EMAs traded in a death cross for more than the last two months.

BSV/USD Chart by TradingView

The MACD and the signal line formed a death cross, both traded in a death cross, exhibiting a downtrend.

The RSI further took resistance at the 50-level and faced resistance from the 14-day SMA. This showed a decline in the price’s bullish momentum.

This article is intended for informational purposes only and does not provide any financial, investment, or other advice. The author or any people mentioned in this article are not responsible for any financial loss that may occur from investing in or trading. Please do your own research before making any financial decisions.

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