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
gepubliceerd op Feb 8, 2020
by Cointele | gepubliceerd op Coinage
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