Bitcoin SV (BSV) Could Plummet Due to 3 Fundamental Factors Lighting Up

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Bitcoin SV (BSV) has held up pretty well in the middle of a global economic and health crisis. The fifth-largest cryptocurrency by market cap is up 90 percent on a year-to-date timeframe, has just undergone a pre-programmed supply rate cut, and is maintaining its medium-term bullish bias by holding key technical support levels. But the metrics that typically make an asset reliably bullish are missing in the Bitcoin SV market. Here is a look at three issues that could spell trouble for the cryptocurrency in the near future. #1 Low Volatility In the first two weeks of April, Bitcoin SV was trading in the range of $141-209. And now, the range has reduced to $167-212, according to the Bollinger Bands (BB) readings of the daily chart. BB measures an asset’s volatility by referring to the gap between its two standard deviations. The more the gap, the higher the volatility. But…

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