There has never been a better moment to buy bitcoin !
The price of bitcoinSV (the original and only scalable Bitcoin) has broken out of the long term huge bullish descending wedge.
The 200 MA has also been driven out of the wedge.
A capitulation type crash has concluded the long term bear market for BSV (touching the all time low of 19 dollars) at the end of june of this year.
Since then price has violently been pushed in the opposite direction (200% form wick to wick) and has broken out of the wedge in the opposite direction.
This is a tipical pattern at the end of bear markets (same thing has happened in 2020 in TLT American Bond 10 Y interest rates, for example.
BSV price will go up (as interest rates have during the last three years).
ROC (rate of change) and RSI (relative strenght index) have also broken out.
IT IS THE BEST TIME TO ACCUMULATE SOME TRUE BITCOIN.
Maybe the world will realize the true nature of bitcoin and how Segwit made Bitcoin Core irrelevant in august of 2017.
Not financial advice - but I have definitely a decent bag in one of the most performing blockchains of the world (if not THE best).
The 200 MA has also been driven out of the wedge.
A capitulation type crash has concluded the long term bear market for BSV (touching the all time low of 19 dollars) at the end of june of this year.
Since then price has violently been pushed in the opposite direction (200% form wick to wick) and has broken out of the wedge in the opposite direction.
This is a tipical pattern at the end of bear markets (same thing has happened in 2020 in TLT American Bond 10 Y interest rates, for example.
BSV price will go up (as interest rates have during the last three years).
ROC (rate of change) and RSI (relative strenght index) have also broken out.
IT IS THE BEST TIME TO ACCUMULATE SOME TRUE BITCOIN.
Maybe the world will realize the true nature of bitcoin and how Segwit made Bitcoin Core irrelevant in august of 2017.
Not financial advice - but I have definitely a decent bag in one of the most performing blockchains of the world (if not THE best).
BitcoinSV is holding steady.