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Bitcoin SV Price Prediction. Cryptocurrency You Need to KnowBitcoin SV made news recently when it overtook the tenth spot in terms of cryptocurrency market cap. The token network is now worth about $1.35 billion and is likely to increase is worth in the coming months. Bitcoin SV, Bitcoin Satoshi Version, is a hard-fork of the Bitcoin Cash blockchain that is giving its parent a run for its money. The BSV is meant to embody the vision of Bitcoin’s founder Satoshi Nakamoto and bring the power of currency back “to the people”. The real purpose of BSV is to tackle four fundamental problems within the Bitcoin universe and that is where its value lies. These include stability, scalability, security, and safety; the caveat is that we’ve heard all this before, and didn’t those issues lead to Bitcoin’s previous hard-forks? BSV/USD is under pressure, but the outlook is bullish Like most cryptocurrencies, Bitcoin SV has been under pressure in the last few months. A lack of coherent regulation and uncertainty for blockchain’s future are largely to blame. The good news is that the token has been stabilizing near the $75 range where it appears to be well support. In the near-term, the pair is facing good support at the bullish trend line seen on the chart below. This support is consistent with the horizontal level at 75 but may be broken in the next few days or weeks. The reason is BSV hasn’t shown any type of bullish pressure so it’s very likely to see a break of said support, en route to 70 and possibly the low at 65. Such a move would be a buying opportunity. The token is a match for Bitcoin and Bitcoin Cash, both trading well above the $75 or so we are seeing for BSV. A move up is likely to see BSV touch and surpass the $175 level (where Bitcoin Cash is trading) on its way to retest the all-time highs near $225. Bitcoin SV (BSV) wallet could double up as authenticating device In a recent Medium post, Craig Wright, Bitcoin SV’s biggest protagonist and chief scientist at nChain, outlined a new way of using BSV’s wallet: as an authenticating method for smart cards. The application focuses on “the use of electronic cards (“smart cards”) to facilitate secure, feasible, yet user-friendly system authentication through a Bitcoin (SV) wallet.” According to Wright, the application will comply with AML/KYC rules and could be used to verify identity documents (passports, etc.) and to increase the security of payments and/or file encryption. When or if the application becomes usable, remains to be seen but if they manage to deliver a working version sooner rather than later, Bitcoin SV’s price will most likely be affected. There is some risk to this token as it still new but we’re talking about cryptocurrency here, risk is the name of the game until the regulation is consistent around the world. When that comes you can expect to see this and most other major cryptocurrencies spike sharply higher.
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by UToday
BSV LOOKING DUMPY!! Bitcoin cash SV has been on a steady decline for a few weeks now We are currently sitting at the bottom of the support OB and we need to see a bounce ASAP or we could dump down to the next demand zone We are currently on a descending price channel and have been riding along the top with no break above. EMAs have crossed over bearish and with BTC on the verge of breaking down from support, we could very well see a failure here and lower prices Next level down is very important to hold or else we could see a drop back down to 0.0150 Bottom of the channel would put us below this OB indicating extremely bearish PA so something to watch as we approach this support zone Thanks guys!
BShort
by CM_Trades
1
BCH BSV BAB Low volume and trianglesI actually did not want to make an analysis on these 2 but since many people have asked me to i will give it a try. The reasons i did not want to do it myself is very simple, there is not enough data to analyse these 2, only 3 weeks of data. But i will give it a try. My second reason is, i honestly do not even want to waste my time or energy on something that is being used like a little toy by an elite few who simply just do whatever they want and have been the catalyst for the dump the crypto market had the past weeks. I hope these people are very proud of themselves for proofing the world that crypto is not decentrale as it is on paper. On the left we can see a triangle in the making where the volume is dropping as well. Usually this means we can see a break on the downside. But that blue circle shows a possible bear trap move, indicating some big players might be accumulating here in this triangle. So only if we break up with high volume, this story might be true. That red zone is a clear resistance level. On the right we can see an inverse H&S brought the price to the current levels and from the looks of it we broke upwards from that triangle. But there is no volume at all there. That tells me this breakout will most probably fail. Unless it can stay above the 95ish and still make another move up this week with high volume. Otherwise i think it can test the 70ish zone again. Please don't forget to like if you appreciate this:)
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by botje11
16
Next wave starting shortly Good day! The most significant fibonacci retracement level to watch for is .618, which tends to be the maximum pullback zone where fear climaxes as the final sellers throw in the towel and bargain hunters rush into the stock to resume the UPTREND. So far that retracement level is holding pretty tight and another wave could be just around the corner. If it breaks then we are going down to test .78. RSI is looking stable and seems ready for next big wave, MACD 4h chart is about to have a bullish cross. weekly chart have the biggest hammer I've seen, won't sell lower than 200 $.
BLong
by Pandurr
4
Bitcoin Cash hard fork special. BAB price analysis and forecast.Dear colleagues and followers, We hope you and your portfolios have survived the bearish run of the recent days. Our trading systems at Osiris Finance urged us not to trade during this period so we managed to preserve our capital. We are expecting to resume the regular posting schedule with forecasts and news digests on Monday, November 19th. And now for something completely different. Osiris Finance presents an analysis of a Bitcoin Cash hard fork that happened on November 15th at 4:40 UTC with first blocks mined on rival chains (Bitcoin ABC and Bitcoin SV) soon after 6:00 UTC (Source: blockchair.com). The blockchain community is somewhat divided in terms of support of two rival chains. Osiris Finance personally sees both significant merits and shortcomings in both technological reinterpretations of Bitcoin Cash protocol, however the Osiris team generally supports the Bitcoin ABC project as the leading enthusiasts of Bitcoin ABC seem more competent and level-headed (nevertheless, we are deeply disappointed that both Roger Ver and Craig Wright have so much influence over respective blockchain projects that are meant to be decentralised and independent by definition). Many exchanges, including Bitfinex and Poloniex, have started trading Bitcoin ABC and Bitcoin SV IOUs shortly before the fork (Source: www.coindesk.com). Therefore, it is extremely interesting how such aggravating rivalry manifests itself in coin prices and whether it offers any profit opportunity in the future. Prior to the hard fork, there were a number of concerns surrounding the ABC-SV rivalry. First, as Satoshi’s Vision implementation has been focused on increasing the block limit, the market would react to the relative size of blocks mined on the SV chain (Source: coincodex.com). Second, as there were speculations that SV team might launch a 51% attack, the dynamics of relative hashrates of the two networks could trigger a price reaction (Source: ethereumworldnews.com). Finally, and arguably most importantly, as analysts warned SV chain could mine empty blocks on the ABC chain and thus disrupt the functioning of the network, the market would be very responsive to any empty block appearing in the ABC chain. (Source: www.coinspeaker.com) Going into the fork, the SV chain controlled over 74% of the hash rate (Source: cash.coin.dance). Probably to level the playing field, Roger Ver has announced that the Bitcoin mining pool Bitcoin.com would switch some of its computational powers to mine the ABC chain instead (Source: www.chepicap.com). It is arguably working, as now ABC is leaping ahead in terms of hash rate and controls 64% and that has been relatively stable recently (Source: cash.coin.dance). The analysis of Bitcoin ABC (BAB) price responses to major post-fork events can be seen on the chart. Right after the fork, the market responded strongly to which chain mines the first block. First two blocks were mined by Bitcoin.com on the ABC chain at 18:02 and 18:05, which caused the BAB price to jump upwards from 280 USD to 300 USD. As SV chain has struggled for a reasonably long time to mine blocks, BAB has skyrocketed and peaked around 360 USD at 18:20 UCT. Later on, a variety of concerns surrounding the ABC chain have driven the price down. First, the blocks were finally mined on the SV chain and their size was impressively high, especially relative to those on the ABC chain, letting the market believe the technological solution of increased block size in the Satoshi’s vision concept is successful. Second, despite the second wave of blocks mined on the ABC chain has managed to temporarily lift the BAB price back to 342 USD, the push was short-lived – as Bitcoin.com was speculated to be a temporary miner on the ABC chain and all the blocks to date were mined by Bitcoin.com, the early success of the chain was perhaps evaluated as artificial by the market. After 22:00 UTC Bitcoin ABC has managed to regain momentum as two new pools, BTC.com and AntPool, has joined the mining and managed to generate eight non-empty blocks within half and hour. These news alleviated the price from 300 USD to 311 USD. However, shortly afterwards these pools started mining empty blocks (22:50, 23:36, 0:28, 0:37). The market was very suspicious towards these events as it could perceive empty block mining as signals of an attack by the rival SV chain. Later on, almost every empty block mined on the chain has induced negative price reaction (see Chart). The Osiris Team has analysed 289 blocks mined on the ABC chain up until 13:06 UTC today (Source: blockchair.com). 286 of them were mined by well-known mining pools: Bitcoin.com (157, or 54.33%), BTC.com (60, or 20.76%), AntPool (47, or 16.26%), ViaBTC (17, or 5.88%) and BTC.TOP (5, or 1.73%). Out of those 289 blocks, 16 were empty. At the first glance, the majority (10) of these empty blocks were, suspiciously enough, mined by AntPool (21.28% of AntPool blocks on ABC chain are empty). This, coupled with the fact that Jihan Wu, one of the Bitcoin ABC project supporters, has recently lost executive power at the board of Bitmain, a mining company controlling AntPool (Source: cointelegraph.com), may signal AntPool is aiming at attacking the ABC chain. However, a closer look at the data does not support this claim. First, AntPool is not focusing on mining empty blocks precisely. It is focusing on mining SMALL blocks (average block size of 3.72 kB compared to 442.9 kB of Bitcoin.com or 368.17 kB of BTC.com). This is entirely consistent with the business model AntPool has been sticking with as early as 2017: AntPool does not process transactions that offer low fees to optimise their return on investment and, possibly, to drive the fees up and gain some market power (Source: bitcointalk.org). The data is also consistent with this explanation: among the mining pools, AntPool has by far the highest average fee per kB: 2.73 cents compared to 0.48 cents of Bitcoin.com and BTC.com (see Table below). This would not be the case if AntPool has empty block mining as its goal. Nevertheless, the market is still reacting negatively to empty block mining on the chain. Mining pool Total blocks mined on ABC chain Empty blocks mined on ABC chain Total fees collected (USD) Total block size (kB) Fees/kB (cents) Average block size (kB) AntPool 47 10 4.78 174.875 2.73 3.72 Bitcoin.com 157 5 332.32 69534.742 0.48 442.9 BTC.com 60 1 105.65 22090.094 0.48 368.17 BTC.TOP 5 0 3.59 343.949 1.04 68.79 Unknown miners 3 0 0.64 27.188 2.35 9.06 ViaBTC 17 0 12.50 3114.982 0.4 183.23 Total 289 16 459.48 95285.83 0.48 329.71 As for now, the block size is reducing on the SV chain and the ABC chain is decisively taking hold of the majority of the hash rate. Given the fact that both chains and their mining pools are mining at major losses (cointelegraph.com), large block sizes and frequent mining in the recent days may have been indeed artificial “warming-up” of the network in order to attract attention. In the longer run, the perspectives of the ABC chain seem more promising as it has already attracted “selfish” mining pools such as AntPool which is crucial for network functioning in the future. Moreover, BAB is probably currently underpriced at 255 USD due to high level of perceived risk around possible 51% attacks and empty block mining. If the ABC chain network manages to consistently control over 50% of hash rate, the price will go up. Therefore, Osiris Team concludes that BAB is by no means a safe, but a promising investment for a weekly investment horizon. Osiris Finance will resume its duties in forecasting the Bitcoin market from Monday. Stay in touch and good luck in your today’s trades! We are glad to receive any feedback here at TradingView.
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by Osiris_Finance
BCHSV: Experimental Long Buying The Dip Pre-ForkPositions x3 as shown with green dotted lines with tiny position sizes (around 5% of usual). Let the hash wars begin. 15 minute RSI entering oversold territory. Expecting a big dip leading up to the fork as speculators take profits and sell off. Golden line is approximate time of hard fork. Anticipation: BCHABC dump post-fork, BTC to follow suit, BCHSV gain due to increased exchange liquidity and hash war against ABC. Limit Buys: 0.0253 / 0.0226 / 0.0203 Down from ATH: 34%, 41% and 47% respectively Targets: 0.04 (0.5 Bcash) +76% and 0.06 (0.75 Bcash) +165%. Stop Loss: 0.0149 (33%) at November 12th low. High risk, potential high reward.
Long
by dragononcrypto