Bitcoin could consolidate for a few more days as the action shifts to Ether, XRP and other large-cap altcoins.
Bitcoin SV News
Bitcoin Satoshi’s Vision (BSV) is the result of a November 2018 hard fork of the Bitcoin Cash blockchain, which itself is a hard fork of the original Bitcoin chain that took place in August 2017. This network claims to represent the purest form of Satoshi Nakamoto’s original vision of the Bitcoin protocol.
Bitcoin SV’s monetary policy is identical to Bitcoin Cash (BCH) and Bitcoin (BTC), with the same block times, block rewards and supply cap, but it differs from both in notable ways. Like Bitcoin Cash, Bitcoin SV’s scalability solutions center on increasing the block size, which allows more transaction throughput while sacrificing accessibility to the mining economy through an even heavier computational load. The Bitcoin SV fork from Bitcoin Cash was the result of a debate within the Bitcoin Cash community on a set of improvement proposals to make transactions and on-chain operations more efficient.
Bitcoin SV’s development is led by nChain, a blockchain R&D company headed by Craig Wright, who notoriously claims to be Bitcoin inventor Satoshi Nakamoto.
Bitcoin price is back on the path to a new all-time high, and it seems altcoins intend to follow suit.36308
Bitcoin price looks ready to consolidate after reaching a new 2020 high and altcoins may attempt to recover from their sharp losses.30195
Bitcoin has resumed its journey toward a new all-time high, and the renewed bullish momentum is pulling altcoin prices higher.33092
A few altcoins are trying to start a new up-move even though Bitcoin is struggling to pull above $16,300.29275
Bitcoin and several altcoins are showing signs of breaking above their overhead resistance levels, which suggests bulls remain in control.21966
Bitcoin price is recovering well from its 6% drop to $14,800, but top altcoins are slow to follow.24725
Bitcoin price looks slightly overextended in the short-term and may take a break while altcoins play catch-up.28847
After reaching a new 2020 high, Bitcoin traders are fighting to flip $14,100 to support and Ethereum is attempting to do the same to the $400 level.28977
Bitcoin’s consolidation near a key overhead resistance is a sign of strength but the technical structure of most altcoins has weakened.20896
Altcoins took a serious hit as Bitcoin dropped below $13K today, meanwhile, BTC’s macrostructure remains bullish.19596
Bitcoin and altcoins are showing signs of short-term exhaustion, meaning a few days of consolidation could occur.23480
Bitcoin is showing signs of profit booking, resulting in a slight downturn in altcoin prices.26648
Bitcoin hit a new 2020 high and altcoins rallied as PayPal announced that it will support crypto payments.25427
Bitcoin price may rise to a new 52-week high if it can break above the ascending channel and this move could ignite the altcoins.30660