Bitcoin SV, the coin rebuilt by the self-proclaimed Satoshi Nakamoto aka Craig Wright, seems to be at its A-game. Surpassing Bitcoin [BTC], Ethereum [ETH], XRP, Bitcoin Cash [BCH] and every other top 10 largest cryptocurrencies, in terms of RoI for the year so far.
Bitcoin SV’s RoI is 283% [approximately [greater than 250%] as opposed to Bitcoin’s 41%. As seen in the chart, the rest of the cryptocurrencies dull in comparison.
Bitcoin SV and Golden Cross
Bitcoin SV’s chart looks bullish as the price recently broke out of the symmetrical triangle leading to a 28% surge in under two days. Just before this surge, BSV broke its previous all-time high of $254 per coin, on January 14. At its recent peak, Bitcoin SV was worth $458 per coin, more expensive than what Bitcoin Cash is worth at press time, $453.
More importantly, BSV is undergoing one of the most bullish signals – a golden crossover. A golden cross is when a 50-DMA rises above the 200-DMA; typically, the 200-DMA is a trend that most assets follow. The price of an asset is, generally, said to be above the 200-DMA when there is a bull cycle, and a golden cross is said to be the start of this bull cycle.
This is a clear bullish indication for BSV. Moreover, the coin has already breached its previous ATH, meaning, the next run-up will be more advantageous for BSV holders. However, there are three important levels that the price might go through before the rally. The first is the resistance at $458,