Bitcoin SV Price Prediction 2025: BSV Set to Benefit From Bitcoin Price Increase
Key Takeaways
- Bitcoin SV (BSV) is a spin-off of Bitcoin Cash (BCH), itself a spin-off of Bitcoin (BTC)
- BSV sank to an all-time low in June 2023 but has since recovered.
- One Bitcoin SV price prediction says the coin can reach $200 in 2025.
- Interested in buying or selling BITCOIN SV BSV coin? Read our review of the best exchanges to buy and sell BITCOIN SV BSV.
Bitcoin SV maintains that adding certain extra features to Bitcoin’s (BTC) blockchain carries out what the founder of the original blockchain-based currency wanted to do. When the world of crypto was rocked by the news that the United States Securities and Exchange Commission (SEC) was suing the Binance and Coinbase exchanges, BSV dropped to an all-time low before making some kind of recovery.
In March 2024, a British court ruled that BSV founder Craig Wright was not Bitcoin founder Satoshi Nakamoto.
In the autumn of 2023, Christen Ager-Hanssen resigned as CEO of nChain. He said he quit the organization, designed to help run Bitcoin SV, due to concerns about Wright.
However, things started to look good for BSV in November 2024. A Bitcoin rally, prompted by Donald Trump’s re-election as US President, saw BSV go up, and on Nov. 21, 2024, Bitcoin SV was worth about $75.35.
Let’s examine our Bitcoin SV price predictions made on Nov. 21, 2024. We will also examine the Bitcoin SV price history and discuss what Bitcoin SV is and does.
Bitcoin SV Price Prediction
Let’s analyze some of Bitcoin SV’s price predictions CCN made on Nov. 21 2024. It is crucial to remember that price forecasts, particularly for a potentially volatile asset like cryptocurrency, often turn out to be inaccurate.
| Minimum BSV Price Prediction | Average BSV Price Prediction | Maximum BSV Price Prediction | |
|---|---|---|---|
| 2025 | $90 | $140 | $200 |
| 2026 | $110 | $180 | $260 |
| 2030 | $200 | $400 | $700 |
Bitcoin SV Price Prediction for 2025
Bitcoin SV’s recovery from its prolonged corrective phase, a breakout from the symmetrical triangle, and renewed bullish momentum set the stage for steady growth. With wave (v) expected to push higher and the potential for broader market recovery, the price could target $140 on average, though corrections may keep it above $90.
Bitcoin SV Price Prediction for 2026
By 2026, BSV could benefit from the completion of its current Elliott wave cycle and potential adoption as part of broader blockchain advancements. With increasing momentum and market cycles favoring altcoins, prices could average $180, supported by a growing user base and ecosystem developments, while a bullish market could push it toward $260.
Bitcoin SV Price Prediction for 2030
By 2030, Bitcoin SV’s long-term prospects align with the potential mainstream adoption of blockchain technologies. As the cryptocurrency matures, its strong fundamentals and reduced market volatility could drive average prices to $400, with an optimistic outlook targeting $700 in a thriving crypto ecosystem, while downside risks may still keep it above $200.
Bitcoin SV Price Analysis
Bitcoin SV (BSV) has broken out of a prolonged corrective structure, recovering from a low of $18.43 in June 2023. The rounded bottom pattern formed during this phase provided a solid base for a five-wave impulse that peaked near $126 in March 2024.
A subsequent ABC correction retraced to $32 in July, aligning with the 0.618 Fibonacci retracement. BSV consolidated in a symmetrical triangle from July to November before breaking out, with the price now at $75 after a 17% surge. While Rthe SI signals bullish momentum, it is nearing overbought levels, suggesting caution for potential short-term retracement.
Short-term BSV Price Prediction
The four-hour chart indicates a bullish breakout, with BSV advancing in wave three of a higher-degree five-wave Elliott cycle. The price has climbed past $75, with momentum aiming for the 1.272 Fibonacci extension at $91 as the next resistance level.
Further upside could target $112 (1.618 Fibonacci) before a corrective wave takes place. Wave five could reach as high as $140 if bullish momentum sustains. However, failure to hold above $68 may lead to retests of $62 and $58 before a renewed rally. The Bitcoin SV price prediction for the next 24 hurs depends on whether it can stay above $68.
Bitcoin SV Average True Range (ATR): BSV Volatility
The Average True Range (ATR) measures market volatility by averaging the largest of three values: the current high minus the current low, the absolute value of the current high minus the previous close, and the absolute value of the current low minus the previous close over a period, typically 14 days.
A rising ATR indicates increasing volatility, while a falling ATR indicates decreasing volatility. Since ATR values can be higher for higher-priced assets, normalize ATR by dividing it by the asset price to compare volatility across different price levels.
On Nov. 21, 2024, Bitcoin SV’s ATR was 11.51, suggesting relatively high volatility.
Bitcoin SV Relative Strength Index (RSI): Is BSV Overbought or Oversold?
The Relative Strength Index (RSI) is a momentum indicator traders use to determine whether an asset is overbought or oversold. Movements above and below the 50 line also indicate if the trend is bullish or bearish.
On Nov.21, 2024, Bitcoin SV’s RSI was 65, indicating bullish but not overbought conditions.
Bitcoin SV Price Performance Comparisons
BSV is a spin-off from BTC, so let’s compare how it’s done with Bitcoin and a couple of other coins with the same lineage.
Best Days and Months to Buy Bitcoin SV
We looked at the Bitcoin SV price history and found the lowest prices on certain days, months, quarters, and even weeks in the year, suggesting the best times to buy BSV.
| Day of the Week | Saturday |
| Week | 43 |
| Month | May |
| Quarter | Fourth |
CCN Strength Index
The CCN Strength Index combines an array of advanced market signals to quantify the strength of individual cryptocurrencies over a recent 30-day period.
Every day, it assigns a strength score, ranging from 0 to 100, to the top 500 assets by market capitalization on CoinMarketCap, focusing on both trend direction and the intensity of price movements.
- 0 to 24: Assets exhibit significant weakness, showing signs of sustained downtrend behavior.
- 25 to 35: The price tends to move within stable bounds with minimal volatility.
- 36 to 49: Assets begin a stable uptrend but without strong surges.
- 50 to 59: Consistent growth with moderate price advances, building momentum.
- 60+: Sharp price movements and high demand indicate stronger volatility and trend shifts.
The index dynamically adapts to rapid changes. For example, an asset experiencing a 100% increase within a short timeframe would see a sharp jump in its score to reflect the intensity of the rise.
However, should that asset stabilize at this new price level, the score will gradually taper down and align with the dampened momentum as the movement normalizes. The same principle applies to rapid declines: a sudden drop will spike the score downward, but the score will slowly adjust back up as volatility decreases.
On Nov. 21, 2024, Bitcoin SV scored 65.8 on the CCN Index, suggesting very strong momentum with the possibility of a trend reversal.
Bitcoin SV Price History
Next, let’s examine some key dates in the Bitcoin SV price history . While past performance should never be taken as an indicator of future results, knowing what the coin has done can help give us some very useful context when making or interpreting a Bitcoin SV price prediction.
| Time period | Bitcoin SV price |
|---|---|
| Last week (Nov. 14, 2024) | $65.82 |
| Last month (Oct. 14, 2024) | $49.91 |
| Three months ago (Aug. 14, 2024) | $45.18 |
| One year ago (Nov. 21, 2024) | $48.72 |
| Five years ago (Nov. 21, 2019) | $107.99 |
| Launch price (Nov. 10, 2018) | $70.27 |
| All-time high (April 16, 2021) | $491.64 |
| All-time low (June 10, 2023) | $23.30 |
Bitcoin SV Market Cap
The market capitalization, or market cap, is the sum of the total number of BSV in circulation multiplied by its price.
On Nov. 21, 2024, Bitcoin SV’s market cap was $1.51 billion, making it the 64th-largest crypto by that metric.
Who Holds the Most Bitcoin SV (BSV)?
As of Nov 21, 2024, the top BSV holder held nearly 7.5% of the coin’s total supply.
Richest BSV Wallet Addresses
On Nov. 21, 2024, the five top Bitcoin SV holders were:
- qqqm3t9l8ruqx4ttmjskefddhf4sgew54yvl8cdjva held 1,455,215 BSV, or 7.45% of the total supply.
- qz334zwdv4hd90rjrys6t7gkpfrgvn59auw9hlafjd held 346,736 BSV, or 1.77% of the total supply.
- qpcvl7ggu33he6m7sjvunfdjg9evsfdp3qucwl2g5m held 150,000 BSV, or 0.77% of the total supply.
- qrc02f98hcgqhdweq469rrlul3thrdsr6uu0jgh9p3 held 147,603 BSV or 0.76% of the total supply.
- qqwzfkjnhljmxgr09y0jd3p7q2uu97cvgvv4xykhkw held 135,000 BSV, or 0.69% of the total supply.
Bitcoin SV Supply and Distribution
| Supply and distribution | Figures |
|---|---|
| Total supply | 19,786,825 |
| Circulating supply (as of Nov. 21, 2024) | 19,786,825 (100% of total supply) |
| Holder distribution | The top 10 holders own 14.57% of the supply as of Nov. 21, 2024. |
From the Bitcoin SV Whitepaper
Bitcoin SV is a spin-off of Bitcoin Cash, which is itself a spin-off of Bitcoin. BSV does not have its whitepaper. However, Bitcoin’s whitepaper says: “What is needed is an electronic payment system based on cryptographic proof instead of trust, allowing any two willing parties to transact directly without needing a trusted third party.
“Transactions that are computationally impractical to reverse would protect sellers from fraud, and routine escrow mechanisms could easily be implemented to protect buyers.”
Bitcoin SV (BSV) Explained
In 2017, some of the developers behind Bitcoin split from the blockchain to form Bitcoin Cash (BCH), citing the old blockchain’s slowness and wanting to compete with other payment platforms. By 2018, however, some of the people behind Bitcoin Cash wanted their new blockchain to feature smart contracts. These computer programs automatically execute once certain conditions are met to help speed matters up.
A vote was taken, and the pro-Smart Contract tendency formed its new blockchain, Bitcoin SV, short for Satoshi’s Vision. In case you were wondering, it was named after Satoshi Nakamoto, the pseudonymous founder of Bitcoin.
The BSV coin supports the Bitcoin SV blockchain.
How Bitcoin SV Works
Bitcoin SV works much like Bitcoin Cash and Bitcoin. A Proof-of-Work (PoW) consensus mechanism means that people solve ever more complex mathematical problems to add blocks to the blockchain and gain rewards, paid in BSV.
People can buy, sell, and trade BSV on exchanges.
Is Bitcoin SV a Good Investment?
It is hard to say. Keep in mind that the coin is still recovering from an all-time low. There are two theories about dealing with cryptos in a similar position.
On the one hand, there is the argument that you should buy during the dip because the coin could make a comeback. On the other hand, it could be argued that it fell to a record low for a reason and that making a return to form will not be easy.
Either way, you will have to make sure you do your research.
Will Bitcoin SV go up or down?
No one knows for sure right now. While some BSV price predictions, such as those from DigitalCoinPrice and PricePrediction.net, are upbeat, CaptainAltCoin forecasts doom for Bitcoin SV. Keep in mind, though, that price predictions are very often wrong. You should also remember that prices can and do go down and up.
Should I invest in Bitcoin SV?
Before you decide whether or not to invest in Bitcoin SV, you will have to do your research, not only on BSV but also on other similar cryptos, such as Bitcoin itself and Bitcoin Cash (BCH). Ultimately, though, you will have to make this decision yourself. If you decide to put your money into BSV, remember that you must never invest more than you can afford to lose.
Technical analysis by Nikola Lazic.
FAQs
Will Bitcoin SV reach $1,000?
It could do but, if it does, it may not get there for some time. Price predictions based on technical analysis say it will get there in the next decade.
Keep in mind that BSV’s all-time high, which it reached in January 2020, is worth less than half of that, coming in at $420.68.
What is Bitcoin SV used for?
BSV is used to reward miners on the Bitcoin SV blockchain, and it can be bought, sold, and traded on exchanges.
Disclaimer
Please note that the contents of this article are not financial or investing advice. The information provided in this article is the author’s opinion only and should not be considered as offering trading or investing recommendations. We do not make any warranties about the completeness, reliability, and accuracy of this information. The cryptocurrency market suffers from high volatility and occasional arbitrary movements. Any investor, trader, or regular crypto user should research multiple viewpoints and be familiar with all local regulations before committing to an investment.
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