Bitcoin SV is a full-node implementation for Bitcoin Cash (BCH). Reflecting its mission to fulfill the vision of Bitcoin, the project name represents the “Satoshi Vision” or SV. It has a market cap of $1.8 billion, a circulating supply of 17.7 million and has traded over $452.9 million in the past 24 hours according to CryptoSlate.com.
BSV/BTC is breaking out of its downward sloping channel that it’s been trading in since mid-April. A close above the 61.8% Fib retracement level near 0.0134500 is an indication of a full retracement back to the April high at 0.0172500. A potential stop could be placed below the 50% Fib at 0.0122850.
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