But how high will it go? I put three price targets that could be hit within this month. Based on BSV/USD past trend, I would see no reason why the minimum price target would not get hit.
One of the questions I'm asking myself is, what happens IF we break trend going north? Could we see a $2,000 or $3,000 or maybe $5,000 BSV price this month or year?
Technically speaking, it would be in price discovery mode. But this isn't the first time BSV has blasted through the ATH and only to find it trading much lower one year later.
I think we could see higher prices than what many might think, and if we do see those price points, I still don't think the masses have started buying BSV. Seeing as how hard is to purchase BSV.
Also, I think BSV has the potential to go much higher than many might think too. Have people considered all the BSV that hasn't been collected from the fork due to people either not caring about it or not knowing how to retrieve it from the fork?
Same goes for BCH, and if they didn't collect their BCH, why would they collect their BSV?
There's probably hundreds or thousands and potentially a million + of BSV that are either lost or people aren't going to ever collect due to them thinking it's a scam or they hate CSW and Calvin or whatever reason.
Maybe they don't know how to collect their BSV from the fork?
Anyway, who knows how high BSV can go and the time frame it can happen is anyone's guess.
At the time of writing this, BSV is finding some support between $230 and $240 price and is trading between $250 and $260.
Good Luck Everyone! Hope this helps and also makes sense, thanks for reading my thoughts : )
Comment
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Looks like $230 was no where near the bottom, in fact, BSV lost 100% of it's pump value. All thanks to the control that BTC has on the entire market. I'm literally rolling my eyes and shaking my head.
Agree but there could be a day of reckoning where BTC gets completely destroyed. 🤷🏻♂️ Probably unlikely but who knows. This market is owned by the Jack Dorsey’s of the world! Just a bunch of BS manipulation and false info.
mikroland
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sad... hopefully btc will stabilize and bsv can come back to life..
Thanks for chart but didnt you know that every Alt and tokens would dump up to 50% of BTC dumps and is about to or did you know..
MrScalpers
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@pluckyHunter3666, I do understand that alts dump massively when it comes to a BTC correction. And most alts lose 90%+ of their value when BTC enters the bear market.
But that's not the game I'm playing with BSV.
Anyone that buys BSV buys it because they believe it's the actual bitcoin.
Now, until the market realizes this or if they ever do realize this, we are all at the mercy of BTC.
But BSV has pumped in the past while BTC traded down, it just didn't do it this time.
workingcar44
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Could be that BSV simply waited too long to break out. If it broke out 10 days ago there would have been enough time to ride a quick pump to $700 or more. Now with BTC potentially starting a short term bear market, could be a missed window of opportunity entirely.
MrScalpers
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@workingcar44, Yeah, technically, BSV should have broken out a while ago...the reasons for it not breaking out could be manipulation or lack of buyers. I really don't see this recent pump anything but manipulation.
workingcar44
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"BSV is the king of dissapointments." Wrote this down as a note before going to bed at 250, wake up to 176 haha.
MrScalpers
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@workingcar44, This comment made me lol, I think that's what we all need right now...a good laugh.
Probably unlikely but who knows.
This market is owned by the Jack Dorsey’s of the world! Just a bunch of BS manipulation and false info.