Bitcoin SV Price Prediction: BSV Pumps 59% As Experts Say This Other BTC Derivative Might Explode In 2024

Updated: 28 December 2023

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The Bitcoin SV price has pumped by 59% within the last 24 hours to trade at $86.8 as of 12:51 a.m. EST to become a top gainer among BTC pairs.

#GateIo scan results on 1h

Top 5 on BTC pair$BTG $LIME $BNB $BSV $HT

Top 5 on USDT pair$LUS $CRU $OCT $CFI $FAR

Full scan results:https://t.co/2cfFzBJ9tV pic.twitter.com/o846XSBETH

— dyor.net (@DyorNetCrypto) December 28, 2023

Bitcoin SV Price Prediction: Will BSV Keep Pumping?

A deep analysis of 2-hour BSV/USDT charts shows that the Bitcoin SV price will likely carry its pump into the short term. The 50-period moving average has exceeded the 200-period moving average to form a golden cross. This shows buying pressure on the token as the price now breaks out of range, signifying bull activity on the token.

The Relative Strength Index indicator has maintained movement in the overbought region as its trajectory points north, while the MACD indicator also moves in the green zone. Both of these show bull dominance, backing the prospects of a continuous pump.

2-hour BSV/USD charts | Source: TradingView

According to crypto analyst Javon Marks, BSV looks to post new post-breakout highs above the $408 level, representing an increase of over 540% should it take place.

MAJOR candle for $BSV (#BitcoinSV), setting new post-breakout highs and continuing in what can be a run to the $408.85 target!

Another MASSIVE, more than +540% move to this target could still take place and we may be witnessing that process now… https://t.co/4N8tmkCueP pic.twitter.com/BTDisI6ZnV

— JAVON⚡️MARKS (@JavonTM1) December 27, 2023

Meanwhile, as the Bitcoin SV price pumps, Bitcoin Minetrix is emerging as a game changer in the cryptosphere.

The project, offering cloud mining services through its BTCMTX token, has so far garnered over $6.5 million, showing immense investor confidence in the project. Each BTCMTX token is currently priced at $0.0125.

Bitcoin SV Price Prediction: Should You Choose Bitcoin Minetrix Over BSV?

Bitcoin Minetrix emerges as a groundbreaking cloud mining tool designed to simplify the process for ordinary investors. This innovative platform has garnered substantial attention and stands among the top 5 presales to watch in 2024.

BTCMTX, the intrinsic cryptocurrency associated with Bitcoin Minetrix, has become a focal point for investors eyeing significant profits in 2024.

Unlike traditional approaches to mining, Bitcoin Minetrix introduces a novel concept where investors are required to purchase and stake BTCMTX tokens to access mining credits.

These credits serve as a gateway to acquiring cloud mining time or a share of profits, providing a pathway to passive Bitcoin earnings. The streamlined process requires just a few clicks, making it accessible even to the most inexperienced investors.

#BitcoinMinetrix visualizes a refreshed cloud mining landscape merging stakeholding and cloud mining. 🌐

Promising transparency, independence, and safety, #BitcoinMinetrix leads tokenized cloud mining, providing a reliable $BTC mining path for all. pic.twitter.com/B4xmm6q0G6

— Bitcoinminetrix (@bitcoinminetrix) December 26, 2023

Bitcoin Minetrix aims to democratize the Bitcoin mining industry, offering entry points for even the least experienced investors. As the crypto market gears up for the next bull run, the platform positions itself as a lucrative opportunity within the industry.

Analysts anticipate a bullish trend for Bitcoin, especially leading up to the halving event, suggesting positive implications for BTCMTX.

Tokenized Cloud Mining: Flexibility Redefined

Distinguishing itself from competitors, Bitcoin Minetrix employs a tokenized cloud mining method characterized by unparalleled flexibility. In contrast to platforms imposing lengthy contracts, investors on this platform enjoy the freedom to unstake and sell tokens at their discretion.

This unique selling point has captured the attention of analysts like Jacob Bury, who expresses a bullish outlook on BTCMTX, forecasting a remarkable tenfold increase in value post-introduction.

As Bitcoin Minetrix continues to reshape the mining landscape, the potential for significant profits in 2024 becomes an increasingly attractive prospect for investors. So, while you keep an eye on the Bitcoin SV price, remember to check out Bitcoin Minetrix as well before its too late.

Visit Bitcoin Minetrix here.