The fortunes of Bitcoin Satoshi Vision (Bitcoin SV) seem to be teetering on the brink. After coming into existence in 2018 as a hard fork of Bitcoin Cash with the aim of bringing Bitcoin technology back to its roots, Bitcoin SV has been on a rollercoaster ride. The currency, which boasts an impressive ledger, capable of processing more than 50,000 transactions a second, has been largely stuck in a downside slide since May 2021. For a brief and remarkable moment in June of this year, the currency experienced a surprising +120% rally, hitting hard resistance at $55.
However, this rally was short-lived. The price of Bitcoin SV was summarily sent tumbling back down to its 200-day moving average (200DMA) with a -35% slide, with current trading values hovering around $36.50. Talks of a possible crash and burn of Bitcoin SV to a null value are swelling amidst resistance hurdles from 20DMA and 200DMA.
The lack of encouraging indicators from BSV, with its Relative Strength Index (RSI) sitting at only 45 and the Moving Average Convergence Divergence (MACD), indicating a minor bearish divergence, might signal a propensity for Bitcoin SV to be on a downward slope once more.
While the future of Bitcoin SV hangs in the balance, let’s move our attention to AI – the increasingly recognized game changer in the world of crypto trading. A perfect case in point is yPredict ($YPRED). This AI-driven crypto trading platform stands out with its unprecedentedly competitive approach. The platform, by leveraging robust machine learning algorithms, empowers traders to make more proactive and informed decisions. It offers real-time signals, key insights, and helps traders identify and predict market trends.
Adding to this impressive array of features, yPredict is offering its native token, $YPRED for presale. This presents a unique growth opportunity for traders seeking to maximize their trading benefits. Acquiring this token grants access to premium features of the platform and allows traders to earn 10% of the fees.
Ultimately, the native token $YPRED might be carving a new frontier for crypto trading, leveraging AI technology for superior market analysis and investment returns. That being said, caution is never out of order when it comes to cryptocurrency investment. Always ensure you do your own diligent research and be fully aware of the volatile nature of cryptocurrencies before venturing into investments.
Source: Cryptonews
