Large-cap Bitcoin forks namely, Bitcoin SV and Bitcoin Cash, will have their own halvings in April and the effects are already showing.
The USD chart of Bitcoin SV is showing an impressive breakout from the downtrend, which made the coin surge from $100 to $450, an increase of 350%.Such a massive move upwards is always going to retrace as it's unhealthy to go up in a straight line.
If Bitcoin SV can flip either of the two levels as support, continuation is warranted.
Massive breakout upwards after Bitcoin SV turned the 0.01835 satoshis level in to support.
The 4-hour chart is showing range-bound movements for Bitcoin SV. Support is found at the 0.0283 satoshis level, while the resistance is found at the 0.037 satoshis level.
The price of Bitcoin SV is still stuck in a range, which makes the direction unclear.
The price of Bitcoin SV could retest the 0.0318 satoshis level before continuing towards the range high at 0.037 satoshis.
Not only is Bitcoin SV facing a halving but Bitcoin Cash is also going to have one in 59 days or 34 days earlier than Bitcoin.
The Bitcoin pair of Bitcoin Cash is showing a clear breakout of the 0.042 satoshis level.
Not only Bitcoin SV and Bitcoin Cash have been showing strength lately, but other, smaller-cap hard forks of Bitcoin have also been doing the same.
BSV and BCH Are Surging With Their Halvings a Month Before Bitcoin
Published on Feb 8, 2020
by Cointele | Published on Coinage
Coinage
Mentioned in this article
Recent News
View All
Blockchain Bites: Bitcoin's Run, Uniswap's Hemorrhaging Value, Anchorage's Banking Bid
Bitcoin is nearing all-time highs in price and market cap last set three years ago.
Japan's megabanks to lead experiment with digital yen
We have, in order, Cheese Bank with a $3.3 million theft, Akropolis with its $2 million loss, Value DeFi with a whopping $6 million exploit and finally Origin Protocol's loss of $7 million.
Number of new Bitcoin addresses spikes amid growing FOMO
Japan's three largest banks, as part of a group of 30 private sector actors, are set to collaborate on an experiment with a digital yen.
Not just Wall Street: Quant trader explains why Bitcoin price is going up
Sam Trabucco, a quantitative trader at Alameda Research, believes four general factors are pushing up the price of Bitcoin.