Bitcoin SV's Path To A New All-Time High Starts NowBitcoin SV's previous bull-market lasted 721 days. The bottom low happened in April 2019.
We have an interesting chart here and we are seeing the start of the of a new bullish cycle that will end up, most likely, producing a new All-Time High for this trading pair and Cryptocurrency project.
BSV peaked early in 2021 —April. Naturally, after a bull-market comes a bear-market. Just as new ATHs are hit within a bull-market, new ATLs can be hit within a bear-market, and this was the case for BSVUSDT.
In May 2022, the market bottom low from April 2019, the start of the previous bull-market, was challenged. In October 2022, this long-term support level broke and BSVUSDT produced a new All-Time Low (June 2023).
Now, I am mentioning this only because of the bullish implications that arise when the action moves back above this level.
In December 2023, BSV managed to conquer this once support level turned resistance, and we entered the bullish zone. The initial breakout was corrected in early through mid-2024. The correction ended as a higher low compared to the ATL in 2023.
Present day. BSVUSDT is back in the bullish zone, right before massive bullish action. The action is happening above the April 2019 low, safely, the weekly session with a long lower wick and full green on the body. This simply means in candlestick reading terms that the market is ultra-bullish and ready to boom any day. We are talking about days, literally, before a major rise develops.
The rise can last several months, an entire year or more. Too early to say how the broader bull-market dynamic will develop for this pair.
This is a friendly reminder. The best ever possible entry timing.
A new ATH in 2025 can hit around $800.
This would give us around 12X total growth potential.
If the market becomes extremely bullish, then $1,290 opens up as a possibility for the next market peak. We are going with the conservative target though. This higher ATH projection yields 20X.
We are concerned here with great entry timing; great prices. Once the entry is done when prices are low, the market can take care of the rest.
Imagine holding this pair when it trades at $500 and you bought at $48, or $64... Wouldn't that be amazing? You can decide later down the road how to take profits. It is much more simple now, buy and hold. It is still early, but it won't be early for long. The market is about to go wild.
Thanks a lot for your support.
Namaste.
