Bitcoin SV Price Prediction as BSV Pumps 30%, But This Presale Token Could 100X

Updated: 20 October 2023

Disclosure

Don’t invest unless prepared to lose all the money you invest. This is a high-risk investment, you shouldn’t expect to be protected if something goes wrong.

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Bitcoin SV (BSV) has demonstrated strong performance, experiencing a significant upturn in early October, primarily driven by a breakout resulting from a falling wedge pattern.

The increasing enthusiasm surrounding exchange-traded funds (ETFs) has bolstered BSV’s positive momentum, leading to a 37% surge, pushing its value beyond $43 in October alone.

Furthermore, Binance’s announcement of reintroducing Bitcoin SV (BSV) perpetual contracts with 50x leverage has strengthened its ascent.

Binance Futures will launch the USDⓈ-M BSV Perpetual Contract at

🗓Oct 20 2023 12:30 (UTC)

Read more ➡️https://t.co/3KJ9t6gJzW pic.twitter.com/o53RbTvulL

— Binance Futures (@BinanceFutures) October 20, 2023

The token is trading at $53.28 as of 8:39 a.m. EST, indicating a 24% increase in the last 24 hours. BSV’s daily trading volume has also surged by 90.4% to trade at $418.92 million.

BSV Chart Analysis. Source: Tradingview.com

BSV price has found stability at approximately $28.6, where bullish investors rallied, increasing prices and allowing many investors to recover previous losses.

However, the bears regained control at the resistance level of $43.12, pushing the price to around $32.2, coinciding with the 50 and 200 simple moving averages, which immediately support the price.

This support level has proven robust, inspiring the bulls to regroup and attempt to regain control, as evident from the chart.

BSV Price Prediction

The bullish trend has successfully surpassed the resistance at $43.12 and reached the resistance level at $58.34. In contrast, the Relative Strength Index (RSI) has surged, reaching 87, bouncing back from the 50 level, and is trending upwards. This indicates growing buying pressure and solidifies the confirmation of the bullish rally.

BSV is currently in a predominantly bullish trend, reaching a value of $58.34. With the influx of more buyers, generating the required momentum to break through the resistance level is possible, potentially leading to a price surge. It’s essential to watch key resistance levels, precisely $60 and $65.

However, the bears might take advantage of the $58 resistance if the moving averages remain firm. BSV’s price may decline to the $42.8 support level. A further breach of this level could lead to a test of the $32.4 support level.

Bitcoin Minetrix (BTCMTX) is an innovative platform that has already tokenized cloud mining, enabling everyday investors to securely mine Bitcoin (BTC) in a decentralized manner. The concept behind this project and the hype around it could drive its price to 100X.

BTCMTX Alternative to Bitcoin SV

With Bitcoin Minetrix, investors can say goodbye to the concerns associated with third-party cloud mining scams.

This means that investors have full control over the entire process by using a straightforward staking process (BTCMTX) to earn credits for BTC mining. Cloud mining eliminates the need for expensive mining equipment.

#BitcoinMinetrix demonstrates a tokenized cloud mining system, enabling regular individuals to participate in decentralized $BTC mining. ⛏️

Effectively eradicating the risk of third-party cloud mining fraud and granting full control over operations. 🔐 pic.twitter.com/5fNGlSOnN9

— Bitcoinminetrix (@bitcoinminetrix) October 18, 2023

The mining process begins with investors purchasing BTCMTX tokens during the ongoing presale using a self-custody wallet like MetaMask. These tokens are then staked in a smart contract to generate non-tradable ERC-20 token credits, used to earn BTC cloud mining power through a burning process.

Last Call Only 2 Days Remaining, Buy Fast

With only two days remaining before the current presale stage concludes, BTCMTX has already garnered $1,849,765. Currently, each token is selling at $0.0111.

#BitcoinMinetrix has passed the $1,800,000 mark!🚀 pic.twitter.com/mBNdn4syU7

— Bitcoinminetrix (@bitcoinminetrix) October 20, 2023

The token price will, however, continue to rise gradually as the presale advances towards its soft cap target of $3.094 million.

BTCMTX introduces an innovative stake-to-mine approach that combines cloud mining and token staking, with 128 million tokens already staked, offering a 324% APY. The current reward per block is 158.5.

The idea of staking to mine is truly ingenious! 🌟

Opening #Bitcoin mining to every #Crypto enthusiast, and here's why it's so appealing.

To participate in #BitcoinMinetrix, users simply need an Ethereum-compatible wallet, like #MetaMask. It couldn't be more straightforward! ✅ pic.twitter.com/onLu7PHq4U

— Bitcoinminetrix (@bitcoinminetrix) October 14, 2023

You can stake your tokens to earn additional BTCMTX tokens, and staking for mining credits will be available upon the app’s launch. Staked tokens will generate mining credits, enhancing your Bitcoin cloud mining earnings as you use them.

To access further details and instructions regarding acquiring and staking BTCMTX tokens, consider following Cilinix Crypto on YouTube.

With over 34.2k subscribers, Cilinix Crypto has invested in the presale and offers comprehensive reviews and guidance on this opportunity. You can find the relevant information in their YouTube video.

To participate in the presale and engage in token staking for BTCMTX, you can use ETH, USDT, BNB, or a bank card. The process is straightforward: link your wallet to the BTCMTX website, purchase through the presale widget, and ensure you have sufficient ETH or BNB to cover any associated gas fees.