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bitcoin SV price fell 17% in the last 24 hours bitcoin-sv/”>quote at $93.80 As of 12:06 a.m. EST, trading volume increased 159% to $215 million.
This comes as Judge James Mellor ruled that Craig Wright is not Satoshi Nakamoto, the pseudonymous creator of the bitcoin network. The case was brought by the crypto Open Patent Alliance (COPA) against Wright, who had claimed to be Nakamoto since 2016.
A judge ruled that Craig Wright is not the creator of bitcoin nor is Satoshi Nakamoto. pic.twitter.com/Jdqxlv2jg0
– Jack Straw (@JackStr42679640) March 15, 2024
The price of btc and the entire market have been in a downward trend, with bitcoin currently trading at $68,307.
bitcoin SV Price Set for a Bounce Towards Symmetrical Triangle
bitcoin SV price is coming out of a consolidation phase that lasted until mid-February, with the bulls winning the fight in March. However, on the rally the bulls received some rejection around $125.74, allowing a pullback, but the price maintained the trend within the symmetrical triangle.
However, the bears took control of the price, pushing it down below the lower boundary of the triangle, around the $90.38 support.
BSV is trading above the 200-day SMA, indicating that the price is still on an upward trajectory. If the bulls take control of the price for a bounce, BSV would surpass the 50-day SMA hurdle, further increasing the bullish outlook for the price.
Furthermore, the Relative Strength Index (RSI) has already fallen below the 30 oversold region, indicating that BSV is under intense selling pressure as it attempts to break north. The movement of the average directional index (ADX) supports the breakout movement as it moves north, indicating a move towards a strong uptrend.
bitcoin SV Price Prediction
bitcoin SV price analysis shows that the market is currently in retreat but showing signs of recovery. The BSV bulls aim to capitalize on the RSI as it has already entered the oversold region, meaning a price rally is coming.
Furthermore, the 50-day SMA is trading above the 200-day SMA, with a golden cross formed at $76, indicating that the price will likely shoot up further as the bulls target $150.
However, if the price continues the pullback, it may break the critical support zone at $90, settling around the main support zone at $79.90.
Meanwhile, as BSV bulls seek more clarity around the price, investors are turning to Dogecoin20, a new ICO that some experts believe has the potential to become the next Shiba Inu.
The next Shiba Inu? The new Dogecoin20 crypto ICO raises $200 thousand
He Dogecoin20 (DOGE20) The pre-sale continues to attract attention, having raked in over $200,000 in less than 24 hours as it moves towards its $441,000 target. Dogecoin20's popularity is surging, boosted in the last 24 hours by Elon Musk's comments about Dogecoin (DOGE) will eventually be used to pay for Tesla cars.
#DOGE20 It's not just another Shiba Inu-inspired spin-off.
In keeping with Dogecoin's spirit of doing only good every day, it offers passive rewards through chain staking.
Adopt a greener and more sustainable future with those you love most #Memecoin in the world! pic.twitter.com/zqlONodRPB
—Dogecoin20 (@DOGE_COIN20) March 14, 2024
The project is the latest addition to the DOGE family and works as an ERC-20 token, using the proof-of-stake (PoS) mechanism. The use of a PoS mechanism allows $DOGE20 to offer faster and more accessible transactions, positioning it as an environmentally friendly option. Like Shiba Inu and Dogecoin, DOGE20 is poised to make the next generation of crypto millionaires.
Dogecoin20 brings an interesting twist to what the meme coin universe is used to by offering an interesting staking feature. The bet to win feature offers buyers the opportunity to be part of the action and earn passive income.
By using smart contracts powered by ethereum?src=hash&ref_src=twsrc%5Etfw”>#ethereum, #DOGE20 transcends being just a #Memecoin.
Bring passive reward potential to the crypto?src=hash&ref_src=twsrc%5Etfw”>#crypto Community!
Harnessing the power of your $DOGE20 #records by #Bet and earn rewards. pic.twitter.com/19BxjvI2JJ
—Dogecoin20 (@DOGE_COIN20) March 14, 2024
Buy and Stake $DOGE20, 2.813% Annual Rewards
Investors can buy and bet $DOGE20 for an astonishing 2.813% Annual Percentage Yield (APY). There are over 995 million $DOGE20 tokens that have already been staked.
Jacob Bury, a prominent crypto YouTuber, believes that Dogecoin20 is one of the best meme coins to invest in right now.
You can buy $DOGE20 now for just $0.00014 per token. But remember that there will be a price increase in about six days.
To purchase $DOGE20, go to the official Dogecoin20 websitewhere you can exchange eth and USDT for $DOGE20, or buy directly with your bank card.
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