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BCHSV Price Loses Another 37% as Struggle Intensifies

Analytics

nulltx.com 20 November 2018 16:30, UTC
  
Reading time: ~3 m

It should come as no surprise to learn the BCHSV price has taken a massive beating over the past few hours. Considering how Bitcoin and all other currencies are down in the dirt over the past few hours, no asset seems to escape the black hole sucking all of the money out of the cryptocurrency industry. As such, there are plenty of market trends to take note of, although escaping the bearish pressure is pretty much impossible.

BCHSV Price Takes a Massive Beating

No one is surprised to learn BCHSV is performing well below expectations. Ever since the title of Bitcoin Cash returned to the seemingly rightful owner, things have not gone according to plan for this altcoin. In fact, the value per BCHSV has continued to drop significantly over the past few days, primarily because the 0.03 BTC value could not be maintained for more than a few hours.

Trading Pairs Delisting and System Maintenance Notice#比特亚洲 #BitAsiaEx #BCH #算力战 #BCHSV #BCHABC

BitAsiaEx Website::https://t.co/xo8tDYAAVD
Android APP:https://t.co/nthZRCSmL0 pic.twitter.com/sRrlES1XvB

— BitAsiaEx (@BitAsiaEx) November 20, 2018

Others see this as the beginning of the end for BCHSV and its price. For Gregory Burgess, it seems BCHSV is DOA after this most recent market dip. Although this chart only shows part of the picture, it is evident the value of BCHSV is getting hammered. Remaining above $50 will be a critical challenge first and foremost, especially with virtually no real buy support across different exchanges.

@ProfFaustus #BCHSV appears DOA…. pic.twitter.com/iWn1AObJCm

— Gregory Burgess (@gburg999) November 20, 2018

At the same time, there are others who are confident there can’t be a Bitcoin Cash without adding BCHABC and BCHSV together. That approach would certainly explain why the Bitcoin Cash price has dropped so much in the past few days, as it mainly reflects the price of BCHABC on its own. Even so, BHCSV is clearly off to do its very own thing and not follow ABC in the slightest.

Bitcoin Cash is BitcoinSV

BCH is #BCHABC + #BCHSV#HashWar pic.twitter.com/eL6bITUKtx

— jeff 🌏✌️ (@that_bch_guy) November 20, 2018

All of the current market circumstances indicate there will be more negative BCHSV price pressure in the coming hours and days. How low the value will effectively go, is difficult to predict. Remaining above $50 will be the first order of business, although it seems unlikely the 0.01 BTC level will be reached again in the near future. Unless the buy support picks up significantly all of a sudden, there will be no BCHSV uptrend to speak of at this time.


Disclaimer: This is not trading or investment advice. The above article is for entertainment and education purposes only. Please do your own research before purchasing or investing into any cryptocurrency.


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