Defying the 2023 uncertainty in the crypto market, the Bitcoin SV coin price came as the highest gainer registering 125% weekly growth. This upsurge was largely attributed to heavy trading in South Korea, reflecting a spike in investors’ interest in these assets. However, the buyer’s struggles to sustain above $100 sparks concern of a potential correction.
Also Read: BTC Price On Verge Of Touching $50K Ahead Of Bitcoin ETF Approval?
Will Bitcoin SV Price Reclaim $100?
The rising BSV price hit a newfound supply pressure at $100
The Bitcoin SV coin is poised for a post-rally correction to replenish the exhausted bullish momentum.
The intraday trading volume in Bitcoin SV is $15.3 Billion, indicating a 2.1% loss.
Bitcoin SV Price| TradingView Chart
Bitcoin SV (BSV), a hard fork of the Bitcoin Cash (BCH) blockchain, has recently witnessed a massive inflow of buying pressure. A steady recovery in this asset took a sharp upturn on December 27th, which resulted in a 53% intraday gain.
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