Bitcoin Satoshi Vision (BSV) is one of the hard forks created out of Bitcoin. The purpose of the creators of this network was to ensure that Bitcoin SV keeps the original vision of Satoshi Nakamoto, the creator of Bitcoin. The network has gained its own set of supporters, who have supported the value of BSV over the years.
BSV is trading at $162.69 at the time of writing after a 3.1% dip in 24 hours.
Bitcoin SV Price Analysis
Bitcoin SV has been facing intense volatility in the past month. However, it has managed to make significant gains that have been attributed to the ongoing market support. Despite failing to make an all-time high like most altcoins, BSV has made new monthly highs.
The current dip in BSV is attributed to the market making slight dips in the past 24 hours. If the dip progresses, BSV could push lower and retest the support of $158. This support could be retested soon if buyers fail to step in during the current dip. However, if bulls are not strong enough, BSV could consolidate at around $150.
On the other hand, BSV could rally to higher levels. Once this happens, we could see the coin retesting the upper resistance of $168. Here, a rally towards $170 will be possible. BSV has attempted to make a rally beyond $175, but the bulls failed. Hence, if a rally happens to $170, buyers need to step up and accumulate more coins to ensure a price gain.
The Bitcoin Association, the global industry organization behind the Bitcoin SV blockchain, has announced it has already selected the three finalists who will be part of the fourth Bitcoin SV Hackathon. The three finalists will compete for the $100,000 prize that will be paid in BSV. This Hackathon includes developers who partake in a coding competition to create an application on the BSV blockchain. The association has been committed to improving the BSV blockchain, and these initiatives place the network on a global map.
Where to Buy BSV
If you want to buy BSV, you can create an account on the following platforms:
You can create a cryptocurrency exchange account on eToro. eToro is a leading cryptocurrency exchange platform that allows traders to copy the trading strategies of expert traders. eToro also offers access to other user-friendly features.
You can also purchase BSV from KuCoin. KuCoin also offers copy trading, which is where a new trader can learn from the strategies of expert traders. KuCoin provides competitive trading fees and commissions.
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