• Press Releases
    • Submit a press release
    • Read All
  • Contact us
Advertise
Bitcoinist.com
Buy Neo Pepe
No Result
View All Result
🚀 BUY NEO PEPE PROTOCOL 🚀
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
    • Price
      • Bitcoin Price
      • Ethereum Price
      • Binance Coin Price
      • Litecoin Price
  • Industry
    • Industry News
    • Press Releases
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • How to do Crypto Gambling
      • Crypto Casinos
        • Ethereum Casinos
        • Solana Casinos
        • LiteCoin Casinos
        • DogeCoin Casinos
        • Live Crypto Casinos
        • New Casinos
        • Instant Withdrawal Casinos
        • Cash App Casinos
        • No KYC Casinos
        • VPN Casinos
        • Offshore Casinos
          • Crypto Casinos IT
          • Crypto Casinos ES
            • All Guides
          • Crypto Casinos JP
          • Crypto Casinos SG
          • Crypto Casinos MY
          • Crypto Casinos KR
          • No GAMSTOP Casinos in UK
          • No Cruks Casinos NL
      • Crypto Betting
        • No ID sportsbooks
    • Play Crypto Games
      • Crypto Poker
      • Crypto Slots
      • Crypto Blackjack
      • Crypto Crash Gambling
        • Aviator Sites
      • Plinko
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Events
  • Play Games
Breaking News: Trump Linked Firm Trims Stake in Major Crypto Venture, Big Sell-Off Ahead?
🚀 BUY NEO PEPE PROTOCOL 🚀
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
    • Price
      • Bitcoin Price
      • Ethereum Price
      • Binance Coin Price
      • Litecoin Price
  • Industry
    • Industry News
    • Press Releases
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • How to do Crypto Gambling
      • Crypto Casinos
        • Ethereum Casinos
        • Solana Casinos
        • LiteCoin Casinos
        • DogeCoin Casinos
        • Live Crypto Casinos
        • New Casinos
        • Instant Withdrawal Casinos
        • Cash App Casinos
        • No KYC Casinos
        • VPN Casinos
        • Offshore Casinos
          • Crypto Casinos IT
          • Crypto Casinos ES
            • All Guides
          • Crypto Casinos JP
          • Crypto Casinos SG
          • Crypto Casinos MY
          • Crypto Casinos KR
          • No GAMSTOP Casinos in UK
          • No Cruks Casinos NL
      • Crypto Betting
        • No ID sportsbooks
    • Play Crypto Games
      • Crypto Poker
      • Crypto Slots
      • Crypto Blackjack
      • Crypto Crash Gambling
        • Aviator Sites
      • Plinko
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Events
  • Play Games
Bitcoinist.com
No Result
View All Result
Breaking News: Trump Linked Firm Trims Stake in Major Crypto Venture, Big Sell-Off Ahead?
bitcoin sv, cryptocurrency, bsvusd, bitcoin

Bitcoin SV (BSV) Could Plummet Due to 3 Fundamental Factors Lighting Up

Yashu Gola
by Yashu Gola
5 years ago
·
Posted in Altcoins, Altcoin Price
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

Bitcoin SV (BSV) has held up pretty well in the middle of a global economic and health crisis. The fifth-largest cryptocurrency by market cap is up 90 percent on a year-to-date timeframe, has just undergone a pre-programmed supply rate cut, and is maintaining its medium-term bullish bias by holding key technical support levels.

But the metrics that typically make an asset reliably bullish are missing in the Bitcoin SV market. Here is a look at three issues that could spell trouble for the cryptocurrency in the near future.

#1 Low Volatility

In the first two weeks of April, Bitcoin SV was trading in the range of $141-209. And now, the range has reduced to $167-212, according to the Bollinger Bands (BB) readings of the daily chart. BB measures an asset’s volatility by referring to the gap between its two standard deviations. The more the gap, the higher the volatility.

But when it tightens, it means that the asset is trading in a tighter trading range. This trend typically leads to a price breakout.

A small amount of volatility typically is a piece of good news because it shows the asset is more stable. But in the case of Bitcoin SV, the indicator more or less suggests that the market is running out of steam – that a breakout to either side is possible once the Bollinger Bands Bandwidth near 0.10. It is at 0.24 as of this time of writing.

bitcoin sv, cryptocurrency, bsvusd, bitcoin
BSV/USD volatility indicators | Source: TradingView.com, BitFinex

The possibility of Bitcoin SV heading downward is higher because of its poor market fundamentals. Its network’s hash rate – the measure of miners’ performance – has dropped significantly post reward halving. It shows that the Bitcoin SV blockchain’s reduced supply is hurting miners’ profits, prompting them to switch blockchains for better returns.

Such a scenario weakens Bitcoin SV’s blockchain security; fewer miners make the network more centralized and susceptible to attacks – a bearish sign for BSV.

#2 Poor Volume

Bitcoin SV’s likelihood of undergoing a price breakdown rises further owing to its lower trade volume. It is a sign that traders are staying out of the market – and the ones who are maintaining BSV’s YTD gains are fewer in number. That said, the price is going up, showing a clear divergence.

bitcoin sv, cryptocurrency, bsvusd, bitcoin
BSV/USD price-volume divergence | Source: TradingView.com, BitFinex

In a recovery market, lower volumes show that traders are concerned about a price top, which typically follows a correction. If a market is rising, a lack of long positions can result in low volumes. Traders believe that resistance has been established.

That puts Bitcoin SV at risk of witnessing sharper declines.

#3 Profit-taking; Bitcoin SV Below $150

Last but not the least, Bitcoin SV could fall hard because of profit-taking. It is among the top crypto assets that are sitting atop attractive yearly gains – an ideal way to increase cash liquidity in times of Coronavirus.

Traders and investors could utilize the cryptocurrency to cover their losses elsewhere, leading to a sharp drop. The next downside target is at $137 – the 78.6% level of the Fibonacci retracement graph. For that, BSV needs to break below the blued 50-daily MA curve; it is behaving as short-term support.

Photo by Aaron Burden on Unsplash

Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.
ShareTweetShareShare

Sign Up for Our Newsletter!

For updates and exclusive offers enter your email.

I consent to my submitted data being collected and stored.
Yashu Gola

Yashu Gola

Follow

Globetrotter Yashu Gola has been working as a financial/crypto market journalist since 2013. He is an information technology graduate, a cryptography junkie, a filmmaking enthusiast, and an avid reader of Jon Erickson, Agatha Christie, JK Rowling, and Isaac Asimov.

Full Profile

Related Posts

Altcoin

Analyst Calls Start Of Altcoin Season Amid Deviation Of Cyclical Lows – Details

19 hours ago
Altcoin

Altcoin Chart Transitions From Bearish To Bullish, Is It Time For Alt Season?

3 days ago
Altcoin

Altcoins Set To Outperform Bitcoin In The Coming Months — Blockchain Firm Explains Why

5 days ago
XRP

$500 Million XRP Power Play: Singapore Giant Plans Massive Treasury Move

1 week ago
XRP

Deadly Or Disruptive? XRP Gets The COVID-19 Comparison From Finance Expert

1 week ago
Altcoin

Altcoin Market Cap Flashes A Bullish Cross – Is The Next Altseason Brewing?

2 weeks ago
Please login to join discussion

Premium Sponsors

Press Releases

  • From Tour Guide to Financial Freedom: The Inspiring Journey...

    3 hours ago
  • Binance and Coinbase Users Flock to RI Mining Free Cloud...

    3 hours ago
  • Ripple (XRP) Holders Turn to ALL4 Mining to Earn $37,777...

    3 hours ago
  • Cryptocurrency enthusiasts use XRP and DOGE to earn $35,777...

    4 hours ago
  • Israel-Iran War: Crypto Holders Flock to RichMiner Cloud...

    4 hours ago

Bitcoin news portal providing breaking news, guides, price analysis about decentralized digital money & blockchain technology.

Buy Neo Pepe

Bitcoin

  • News
  • Price
  • Businesses
  • Acceptance
  • Technology
  • Investment
  • Regulation
  • Reviews

Altcoins

  • News
  • Price
  • Ethereum
  • Ripple
  • Litecoin
  • EOS

Categories

  • Blockchain
  • Security
  • FinTech
  • Technology
  • Trending
  • Breaking News
  • Press Releases
  • How to

About Us

  • Advertise
  • Contact us
  • Editorial Policy
  • Privacy Policy
© 2025 Bitcoinist.com. All Rights Reserved.
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
    • Price
      • Bitcoin Price
      • Ethereum Price
      • Binance Coin Price
      • Litecoin Price
  • Industry
    • Industry News
    • Press Releases
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • How to do Crypto Gambling
      • Crypto Casinos
      • Crypto Betting
    • Play Crypto Games
      • Crypto Poker
      • Crypto Slots
      • Crypto Blackjack
      • Crypto Crash Gambling
      • Plinko
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Events
  • Play Games
Advertise

© 2025 Bitcoinist. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.