Bitcoin SV Price Prediction: Will BSV Hit Zero as Coinbase Withdraws Support and Attention Turns to These New Bitcoin Plays?

The price of bitcoin SV fell a little more than 1% in the last 24 hours to trade at $48.62 at 8:10 a.m. EST, as investors cashed out afterwards. Coinbase announced the termination of its support.

bitcoin SV Price Falls as Coinbase Ends Support

Coinbase notified its users that they have until January 9 to transfer their bitcoin SV off the exchange. “If you do not withdraw your BSV funds, Coinbase will liquidate any remaining BSV in your Coinbase account,” a Coinbase notice said. Many other exchange platforms have already delisted the token following a series of 51% attacks that bitcoin SV suffered in 2021.

bitcoin SV Price Could Fall Soon

bitcoin SV daily chart (Source: TradingView)

A symmetrical triangle has formed on the daily chart of bitcoin SV Price, suggesting that a breakout may be in the cards for the altcoin. Although this specific chart pattern does not indicate which direction the price of bitcoin SV will move, the technical indicators on the daily chart of the cryptocurrency hinted at a possible drop in the price of bitcoin SV in the coming days.

bitcoin SV Price Loses Support from Technicians

The daily Moving Average Convergence Divergence (MACD) line was separating below the MACD signal line. This could be a sign that bitcoin SV’s negative trend may continue in the short term. In addition to the bearish trend shown by the daily MACD indicator, the daily Relative Strength Index (RSI) indicator also suggested a drop in the price of bitcoin SV.

Buyers also seemed to have lost strength on the daily chart of bitcoin SV, as the RSI line positioned below the RSI simple moving average (SMA) line. The negative slope of the RSI line also suggested that the sellers maintained the advantage against the bulls.

If these technical flags are validated, the bitcoin SV The price may retest the immediate support level at $44.30. Continued selling pressure once the altcoin reaches this mark may lead to it breaking above the significant price. This will expose the bitcoin SV price to the risk of also falling below $33.40, before potentially falling to the $23.50 support in the coming days.

There is still a chance of a positive breakout

There is still a chance that bitcoin SV could break higher. If the altcoin closes a daily candle above the symmetrical triangle pattern, then it could try to challenge the $59.05 barrier in the near term.

While the price of bitcoin SV is at risk of falling in the coming days, bitcoin ETF Token and bitcoin Minetrix will benefit from the growing buzz surrounding bitcoin and bitcoin spot ETFs (exchange-traded funds).

Set to Explode Once bitcoin Spot ETF Approved

bitcoin ETF Token is a pioneering project attempting to position itself to benefit from the growing hype and anticipation surrounding spot bitcoin ETFs. Through its news service, bitcoin ETF Token allows members of the cryptocurrency space to stay up to date with the latest developments around the variety of Spot bitcoin ETF applications currently pending approval.

Embrace innovation!

He #BitcoinETF #Symbolic it’s not just another #CryptoCurrency; is a visionary project that paves the way for bitcoin?src=hash&ref_src=twsrc%5Etfw”>#bitcoin ETF.

Built on ethereum?src=hash&ref_src=twsrc%5Etfw”>#ethereum, $BTCETF anticipates and capitalizes on this imminent development, offering unique benefits to its community. pic.twitter.com/1ySNReZmty

– BTCETF_Token (@BTCETF_Token) November 3, 2023

One of the few pre-sales offering over 5000% rewards

The project’s native token, BTCETF, is on sale for $0.005 through its pre-sale. Once purchased, these tokens can be staked bitcoin ETF Tokens website. Currently, the platform offers a very attractive staking reward, with an estimated annual reward of over 5000%.

Transforming the cloud mining landscape

While bitcoin ETF Token positions itself to ride the Spot bitcoin ETF wave, bitcoin Minetrix is accumulating funds from investors at a rapid pace through its pre-sale as it embarks on a journey to become the de facto cloud mining provider.

Recognizing a significant achievement for #BitcoinMinetrix!

Exceeding the $3,600,000 milestone! pic.twitter.com/jC0RxzqnTu

—Bitcoinminetrix (@bitcoinminetrix) November 7, 2023

Through its decentralized cloud mining platform, bitcoin Minetrix is addressing all the limitations, complexities and uncertainties surrounding bitcoin cloud mining. With its innovative staking-to-mine model, the project has made bitcoin cloud mining as simple as staking tokens.

Given the growing buzz around bitcoin spot ETFs and the reduction in bitcoin mining rewards that will occur around April next year with the halving, bitcoin ETF Token and bitcoin Minetrix are set to benefit the most from increased investor interest in bitcoin.

Related Posts:

New crypto mining platform: bitcoin Minetrix

<img class="inContentProviderSingle–img mb-3" src="data:image/svg+xml,%3Csvg%20xmlns=" http:="" alt="bitcoin Minetrix” width=”125″ height=”60″ data-lazy-src=”https://technicalterrence.com/wp-content/uploads/2023/11/Bitcoin-SV-Price-Prediction-Will-BSV-Hit-Zero-as-Coinbase”https://technicalterrence.com/crypto/bitcoin/”>bitcoin-minetrix.svg”/>bitcoin-minetrix.svg” alt=”bitcoin Minetrix” width=”125″ height=”60″/>

• Audited by Coinsult
• Secure and decentralized cloud mining
• Earn free bitcoin daily
• Native Token on Pre-Sale Now – BTCMTX
• Staking Rewards: Over 100% APY

<img class="inContentProviderSingle–img float-right" src="data:image/svg+xml,%3Csvg%20xmlns=" http:="" alt="bitcoin Minetrix” width=”125″ height=”60″ data-lazy-src=”https://technicalterrence.com/wp-content/uploads/2023/11/Bitcoin-SV-Price-Prediction-Will-BSV-Hit-Zero-as-Coinbase”https://technicalterrence.com/crypto/bitcoin/”>bitcoin-minetrix.svg”/>bitcoin-minetrix.svg” alt=”bitcoin Minetrix” width=”125″ height=”60″/>