Bitcoin SV Price Prediction – BSV Price Estimated to Reach $92.64 By Jan 12, 2024

Bitcoin SV Price Prediction – BSV Price Estimated to Reach $ 92.64 By Jan 12, 2024

Disclaimer: This is not investment advice. The information provided is for general purposes only. No information, materials, services and other content provided on this page constitute a solicitation, recommendation, endorsement, or any financial, investment, or other advice. Seek independent professional consultation in the form of legal, financial, and fiscal advice before making any investment decision.

  • Bitcoin SV is down -3.26% today against the US Dollar
  • BSV/BTC decreased by -4.38% today
  • BSV/ETH decreased by -4.11% today
  • Bitcoin SV is currently trading 13.02% below our prediction on Jan 12, 2024
  • Bitcoin SV gained 55.95% in the last month and is up 87.23% since 1 year ago
Bitcoin SV price$ 80.58
Bitcoin SV prediction $ 92.64 (15.72%)
Sentiment Bullish
Fear & Greed index 71 (Greed)
Key support levels$ 78.31, $ 74.93, $ 69.51
Key resistance levels$ 87.12, $ 92.54, $ 95.93

BSV price is expected to rise by 15.72% in the next 5 days according to our Bitcoin SV price prediction

is trading at $ 80.58 after losing -3.26% in the last 24 hours. The coin underperformed the cryptocurrency market, as the total crypto market cap decreased by -3.80% in the same time period. BSV performed poorly against BTC today and recorded a -4.38% loss against the world’s largest cryptocurrency.

According to our Bitcoin SV price prediction, BSV is expected to reach a price of $ 92.64 by Jan 12, 2024. This would represent a 15.72% price increase for BSV in the next 5 days.

BSV Price Prediction Chart

Buy/Sell Bitcoin SV

What has been going on with Bitcoin SV in the last 30 days

Bitcoin SV has been displaying a positive trend recently, as the coin gained 55.95% in the last 30-days. The medium-term trend for Bitcoin SV has been bullish, with BSV increasing by 135.30% in the last 3 months. The long-term picture for Bitcoin SV has been positive, as BSV is currently displaying a 87.23% 1-year price change. On this day last year, BSV was trading at $ 43.04.

Bitcoin SV reached its all-time high price on Apr 16, 2021, when the price of BSV peaked at $ 493.63. The current BSV cycle high is $ 110.82, while the cycle low is at $ 23.97. BSV has been displaying high volatility recently – the 1-month volatility of the coin is at 30.98. Bitcoin SV recorded 14 green days in the last 30 days.

Bitcoin SV technical analysis for today – Jan 07, 2024

The sentiment in the Bitcoin SV markets is currently Bullish, and the Fear & Greed index is reading Greed. The most important support levels to watch are $ 78.31, $ 74.93 and $ 69.51, while $ 87.12, $ 92.54 and $ 95.93 are the key resistance levels.

Bullish sentiment for Bitcoin SV

25 indicators are currently signaling a bullish prediction for Bitcoin SV, while 4 indicators are showing a bearish forecast. With 86% of indicators favoring a positive prediction. This results in an overall Bullish sentiment for Bitcoin SV.

Crypto market is currently experiencing Greed

Currently, the Fear & Greed index is at 71 (Greed), which signals that investors have a positive outlook on the market. The Fear & Greed index is a measure of sentiment among cryptocurrency investors. A “Greed” reading suggests that investors are currently optimistic about the cryptocurrency market, but can also be an indication that the market is overvalued. A “Fear” reading, on the other hand, signals that investors are currently hesitant about the cryptocurrency market, which potentially represents a buying opportunity.

Bitcoin SV moving averages & oscillators

Let’s take a look at what some of the most important technical indicators are signaling. We’ll be going through key moving averages and oscillators that will allow us to get a better idea of how Bitcoin SV is positioned in the market right now.

PeriodDaily SimpleDaily ExponentialWeekly SimpleWeekly Exponential
MA3$ 73.82 (BUY)$ 70.46 (BUY)
MA5$ 79.28 (BUY)$ 64.33 (BUY)
MA10$ 87.35 (SELL)$ 58.07 (BUY)
MA21$ 69.84 (BUY)$ 53.52 (BUY)$ 8.45 (BUY)$ 47.56 (BUY)
MA50$ 57.80 (BUY)$ 49.26 (BUY)-$ 54.83 (BUY)$ 45.71 (BUY)
MA100$ 50.54 (BUY)$ 44.98 (BUY)-$ 100.29 (BUY)$ 55.73 (BUY)
MA200$ 41.80 (BUY)$ 41.74 (BUY)-$ 52.27 (BUY)$ 20.42 (BUY)
PeriodValueAction
RSI (14)56.66NEUTRAL
Stoch RSI (14)57.73NEUTRAL
Stochastic Fast (14)57.30NEUTRAL
Commodity Channel Index (20)66.67NEUTRAL
Average Directional Index (14)46.87SELL
Awesome Oscillator (5, 34)30.79NEUTRAL
Momentum (10)33.72NEUTRAL
MACD (12, 26)1.19NEUTRAL
Williams Percent Range (14)-42.70NEUTRAL
Ultimate Oscillator (7, 14, 28)51.44NEUTRAL
VWMA (10)92.85SELL
Hull Moving Average (9)95.66SELL
Ichimoku Cloud B/L (9, 26, 52, 26)77.99NEUTRAL

The Relative Strength Index (RSI 14) is a widely used indicator that helps inform investors whether an asset is currently overbought or oversold. The RSI 14 for Bitcoin SV is at 56.66, suggesting that BSV is currently neutral.

The 50-day Simple Moving Average (SMA 50) takes into account the closing price of Bitcoin SV over the last 50 days. Currently, Bitcoin SV is trading below the SMA 50 trendline, which is a bearish signal.

Meanwhile, the 200-day Simple Moving Average (SMA 200) is a long-term trendline that’s calculated by taking an average of the BSV closing price for the last 200 days. BSV is now trading below the SMA 200, signaling that the market is currently bearish.

The bottom line about this Bitcoin SV prediction

After considering the above factors, we can conclude that the current forecast for Bitcoin SV price prediction is Bullish. BSV would have to increase by 15.72% to hit our $ 92.64 target within the next five days. Moving forward, it will be important to monitor the BSV market sentiment, the key support and resistance levels, and other metrics. However, we have to keep in mind that the cryptocurrency markets are unpredictable, and even the largest crypto assets display a lot of price volatility. For long-term Bitcoin SV price predictions click here.

Disclaimer: This is not investment advice. The information provided is for general purposes only. No information, materials, services and other content provided on this page constitute a solicitation, recommendation, endorsement, or any financial, investment, or other advice. Seek independent professional consultation in the form of legal, financial, and fiscal advice before making any investment decision.

Source: https://coincodex.com/article/36370/bitcoin-sv-prediction-january-07-2024/