Bitcoin SV Surges by 30% and Whales Enter the Market
- Cary
- July 3, 2023
- News, Cryptonews
- Bitcoin, Bitcoin SV, Bullish, Crypto
- 0 Comments
Bitcoin SV (BSV) sees a significant price surge and increased trading volume, raising suspicions of whale involvement.
Key Points
- Bitcoin SV (BSV) experiences 30% price surge and $400 million trading volume, raising suspicions of whale involvement.
- Bitcoin SV’s current live price is $49.39 with a slight gain in the past 24 hours.
- Technical analysis suggests a positive outlook for Bitcoin SV with potential upward price movement.
- Consider alternative coins for investment such as Wall Street Memes (WSM) and Thug Life Token (THUG).
Bitcoin SV (BSV) has experienced a significant surge in price, increasing by 30% and reaching a trading volume of $400 million. This sudden boost in price has raised suspicions about the involvement of large investors, commonly known as whales, in the market.
Currently, the live price of Bitcoin SV is $49.39, with a 24-hour trading volume of $2.4 million. In the past 24 hours, Bitcoin SV has shown a slight gain of less than 0.25%. With a CoinMarketCap ranking of #43, it has a live market cap of $9.5 million.
The increase in trading volume and price of Bitcoin SV has brought attention to the role of whales in the market. Many are curious about their investment strategies and how they may impact the future performance of the cryptocurrency.
#BitcoinSV #BSV continues to kick asses on a regular basis.
There is simply no other blockchain able to scale unboundedly.
Hasrate? Yes, the hashrate of BSV is minuscule compared to the one of BTC, but that’s not something that cannot change, even overnight.
BTC will never scale,… pic.twitter.com/Mgcp1Ilr8s— Andy Santos (@AndySan34394211) July 2, 2023
Bitcoin SV Price Prediction
Bitcoin SV has shown a strong bullish pattern on the technical front, breaking above the key resistance level at $44.50. This breakthrough has invalidated a previous bearish pattern, indicating a potential shift in momentum.
The candles closing above $44.50 suggest the possibility of further upward movement, with the next resistance level to watch at $56.15. If the bullish trend continues and Bitcoin SV breaks above $56.15, it could reach $62.25 or potentially even higher, targeting $67.75. The subsequent resistance level would likely be around $68.50. On the downside, support levels at $44.50 and $36.25 act as crucial barriers.
This technical analysis paints a positive outlook for Bitcoin SV, with the potential for further upward price movement.
Alternative Coins for Investment
In addition to Bitcoin SV, there are two alternative cryptocurrencies worth considering for investment: WSM and Thug Life Token.
Wall Street Memes
Wall Street Memes, a well-known online community for informed investors, has achieved a remarkable milestone by raising over $11.7 million during the initial presale period of its meme coin, $WSM. The presale offers the opportunity to purchase $WSM at a rate of $0.0307, with the price gradually increasing to $0.031.
Investors can take advantage of this presale period to potentially secure a guaranteed profit on paper. Participating in the presale of $WSM allows individuals to be part of this lucrative opportunity.
Thug Life Token
Thug Life Token is creating excitement on social media and web3 communities as an innovative meme coin venture. Within hours of its token presale, the project has already generated $200,000 in sales from $THUG tokens.
Built on the Ethereum blockchain, THUG has a total supply of 4.2 billion tokens, with 70% reserved for the presale period. Act quickly to participate in the sale, as it will conclude once it reaches the hard cap of $2,058,000.
