Is It Too Late to Buy Bitcoin SV? BSV Price Rockets Up 20% as New Telegram Crypto Casino Surpasses Huge Funding Milestone – Next 100x Project?
The price of Bitcoin SV (BSV) has risen by 7% in the past 24 hours, with its jump to $42.73 coming on a day when the wider cryptocurrency market has fallen by 0.5%.
BSV is also up by an impressive 28% in a week and by 33% in the last 30 days, as the altcoin benefits from anticipation surrounding the possibility of a Bitcoin ETF, with much of its trading volume in the past 24 hours coming from South Korean exchange Upbit.
Yet while BSV is one of the best-performing coins today, its rally may have already played out, while Bitcoin itself is likely to be chief beneficiary of any ETF approval.
As such, traders may prefer to turn to coins with more chance of rallying in the near future, with online casino and betting marketplace TG.Casino holding a successful presale that could end with it rallying upon listing on exchanges.
Bitcoin SV is undoubtedly enjoying plenty of momentum right now, with its indicators all very hot, including a relative strength index (purple) that has passed 70 and looks like it's on its way to 80.
More promisingly, BSV's 30-day exponential moving average (yellow) has just climbed over its 200-day average (blue), a move which can signal an incoming breakout.
Given that BSV is only 3.5% above its price at the start of the year, it could certainly rally some more in the coming days, although this will depend on whether it can break through its current resistance level (red), at around $45.
If it does, then it could amass further momentum en route to $50, which would make for its highest level of 2023.
However, the fact that BSV's indicators are already hot may suggest that it's about to correct itself downwards, meaning that now may not be the ideal time to buy into the coin.
But if a Bitcoin ETF is finally
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