Bitcoin SV (BSV) Price Prediction 2022 – Will BSV Hit $250 Soon?

• Bullish BSV price prediction is $67.021 to $208.755.
• The BSV price will also reach $250 soon.
• BSV’s bearish market price prediction for 2022 is $46.983.

In Bitcoin SV (BSV)  price prediction 2022, we use statistics, price patterns, RSI, RVOL, and other BSV information to analyze the cryptocurrency’s future movement. 

Bitcoin SV (BSV)  Current Market Status

According to CoinGecko, the price of Bitcoin SV (BSV)  is $61.96 with a 24-hour trading volume of $55,957,715 at the time of writing. However, BSV has increased to 1.3% in the last 24 hours. 

Moreover, Bitcoin SV (BSV)  has a circulating supply of 19,131,757  BSV. Currently, BSV trades in cryptocurrency exchanges such as  OKX, CoinW, Bybit, BingX, and BitCoke.

What is Bitcoin SV (BSV)?

BSV is the native cryptocurrency of Bitcoin Satoshi’s Vision (BSV), also known as Bitcoin SV. It is a blockchain created in 2018 after a hard fork from the Bitcoin cash blockchain, which in turn was a hard fork of the original Bitcoin blockchain. BSV functions according to the early rules of BTC from the original Bitcoin whitepaper, aside from the significant increase in the block size. Bitcoin SV protocol is designed to be highly scalable and regulation friendly to garner mainstream confidence, and eventually global enterprise adoption.  

Bitcoin SV (BSV)  Price Prediction 2022

Bitcoin SV (BSV)  holds the 52nd position on CoinGecko right now. BSV price prediction 2022 is explained below with a weekly time frame.

A horizontal channel or sideways trend has the appearance of a rectangle pattern. It consists of at least four contact points. This is because it needs at least two lows to connect, as well as two highs. Buying and selling pressure is equal, and the prevailing direction of price action is sideways. Horizontal channels provide a clear and systematic trade by providing buy and sell points. When the price hits the top of the channel, sell your existing long position or take a short position. The difference between the other two is that a horizontal channel is characterized as having equal highs and lows.

Currently, Bitcoin SV (BSV)  is at $61.96. If the pattern continues, the price of BSV might reach the resistance level of $68.397, and $100.075. If the trend reverses, then the price of BSV may fall to $57.188, & $47.457.

Bitcoin SV (BSV)  Support and Resistance Levels

The chart below shows the support and resistance levels of Bitcoin SV (BSV).

From the above daily time frame, we can interpret the following as the resistance and support levels of Bitcoin SV (BSV).

Resistance Level 1	$67.021
Resistance Level 2	$101.562
Resistance Level 3	$154.682
Resistance Level 4	$208.755
Support Level	$46.983

The charts show that BSV has performed a bullish trend over the past month. If this trend continues, BSV might run along with the bulls overtaking its resistance level at $208.755.

Accordingly, if the investors turn against the crypto, the price of the BSV might plummet to almost $46.983, a bearish signal.

Bitcoin SV (BSV)  Price Prediction 2022 — RVOL, MA, and RSI

The Relative Volume (RVOL) of the Bitcoin SV (BSV)  is shown in the below chart. It is an indicator of how the current trading volume has changed over some time from the previous volume for traders. Currently, the RVOL of BSV lies below the cutoff line, indicating weak participants in the current trend.

Moreover, the Moving Average (MA) of the Bitcoin SV (BSV)  is shown in the above chart. Notably, the BSV price slightly lies above 50 MA (short-term), so it is in an upward trend. Currently, BSV is in a bullish state. There is a possibility of a reversal trend of BSV at any time.

Meanwhile, the relative strength index (RSI) of the BSV is at a level of 54.20. This means that BSV is in a nearly overbought state. However, this gives confidence to the traders to trade without any fear.

Bitcoin SV (BSV)  Price Prediction 2022 — ADX, RVI

Let us now look Average Directional Index (ADX) of Bitcoin SV (BSV). It helps to measure the overall strength of the trend. The indicator is the average of the expanding price range values. This system attempts to measure the strength of price movement in the positive and negative directions using DMI indicators with ADX.

The above chart represents the ADX of the Bitcoin SV (BSV). Currently, BSV lies in the range of 31.974, indicating a very strong trend. 

From the above chart, the Relative Volatility Index (RVI) of Bitcoin SV (BSV). RVI measures the constant deviation of price changes over some time rather than price changes. The RVI of BSV lies below 50, indicating lower volatility. BSV’s RSI is at 54.20, thus confirming a potential buy signal.

Comparison of BSV with BTC, ETH

The below chart shows the price comparison between Bitcoin, Ethereum, and Bitcoin SV (BSV).

From the above chart, we can interpret ETH, BTC, and BSV are moving in a similar trend. This indicates that when the price of BTC increases or decreases, the price of ETH and BSV also increase or decrease respectively.

Bitcoin SV (BSV)  Price Prediction 2023

If the declining price action completely slows down in momentum and the trend reverses,  Bitcoin SV (BSV)  might probably attain $262 by 2023.

Bitcoin SV (BSV)  Price Prediction 2024

With several upgrades in the network, Bitcoin SV (BSV)  might enter a bullish trajectory. If the coin grabs the attention of major investors, BSV might rally to hit $269 by 2024. 

Bitcoin SV (BSV)  Price Prediction 2025

If Bitcoin SV (BSV)  sustains major resistance levels and continues to be recognized as a better investment option among investors for the next 3 years, BSV will rally to hit $276.  

Bitcoin SV (BSV)  Price Prediction 2026

If Bitcoin SV (BSV)  sustains major resistance levels and continues to be recognized as a better investment option among investors for the next 4 years, BSV will rally to hit $281. 

Bitcoin SV (BSV)  Price Prediction 2027

If Bitcoin SV (BSV)  sustains major resistance levels and continues to be recognized as a better investment option among investors for the next 5 years, BSV will rally to hit $288 

Bitcoin SV (BSV)  Price Prediction 2028

If Bitcoin SV (BSV)  holds up a strong stance as a better investment option for the next 6 years, it might witness significant price rallies. Thus, by 2028, BSV would hit $296.

Bitcoin SV (BSV)  Price Prediction 2029

If investors flock in and continue to place their bets on Bitcoin SV (BSV), it would witness major spikes. BSV might hit $304 by 2029.

Bitcoin SV (BSV)  Price Prediction 2030

With greater advancements in the Bitcoin SV ecosystem, the crypto community might continue to invest in Bitcoin SV (BSV)  for the next 8 years and drive significant price rallies for the token. Hence, Bitcoin SV (BSV)  might hit $310 by 2030.

Conclusion

With continuous improvements in the Bitcoin SV network, we can say that 2022 is a good year for BSV. For this reason, the bullish price prediction of Bitcoin SV (BSV)  in 2022 is $208.755. On the other hand, the bearish price prediction of Bitcoin SV (BSV)  for 2022 is $46.983.

Furthermore, with the advancements and upgrades in the Bitcoin SV ecosystem, the performance of Bitcoin SV (BSV)  might hit $250 gaining investors’ attention. It would also rise to reach above its all-time high (ATH) of $489.75 in the BSV future.

FAQ

Disclaimer: The opinion expressed in this chart is solely the author’s. It does not interpret as investment advice. TheNewsCrypto team encourages all to do their own research before investing.

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