Bitcoin SV: today the price drops by 10%

Bitcoin SV: today the price drops by 10%

By Federico Izzi - 15 Apr 2019

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Among all the crypto today Bitcoin Cash excels which takes advantage of the difficulties that Bitcoin SV (BSV) price is suffering.

Bitcoin Cash chart by Tradingview

Bitcoin Cash, in fact, rises by 14% with a leap that leads it to be the best of the day, consolidating the fourth position in the ranking of the largest capitalized.

In contrast, Bitcoin SV loses about 10%. This decline marks the heaviest thrust among the top 100 coins listed by Coinmarketcap. After the threats of the past few days, Binance in fact will delist the BSV crypto as CEO Changpeng Zhao had said.

CZ had threatened BSV founder Craig Wright after his continued excesses that saw the so-called Satoshi Nakamoto announce lawsuits and lawsuits against a Twitter user who repeatedly mocked him and accused him of falsely acquiring the identity of the inventor of bitcoin.

As promised, the facts were passed and with an official statement, Binance confirmed BSV’s delisting. This will happen in the next few days, while until July 22nd it will be possible to convert the BSV crypto to total abandonment. This decision has therefore brought the price of Bitcoin SV to a peak today.


Litecoin and EOS are among the best rises, both rising by 4% from the weekend value. The weekend passed without any particular bumps, confirming the support of the current monthly cycle.

Total capitalization continues to remain above 175 billion dollars with exchanges sustained over 45 billion dollars in the last 24 hours.

The dominance of bitcoin remains tied to 52%. The market share of Ether remains unchanged, remaining just above 10%, while instead XRP continues to slide lower and lower and is now 7.8%, a value that XRP had not even registered since mid-September 2018.

Bitcoin chart by Tradingview

Bitcoin (BTC)

Bitcoin, after the thrust that saw prices slide between Thursday and last Friday at 4,900 dollars, returns to share and push back up to 5,200 dollars, an important resistance level in a bi-monthly perspective that will continue to be a reference also for the next few days. Bitcoin will not affect its bullish trend with prices continuing to hold above  4,600-4,500 dollars.

Only a lunge in area 4,350 would force new reference levels to be taken.

Ethereum chart by Tradingview

Ethereum (ETH)

The situation remains unchanged. Since last Friday, prices have swayed above and below the 165 dollar threshold. This level, after having been a reference for the triple maximum violated at the beginning of the month, is now a dividing threshold.

A possible lunge below the 165 dollar threshold accompanied by volumes would push prices up to 155 dollars. For Ethereum the trend will continue to remain bullish if prices in the coming days won’t imply drops to 135 dollars . A return above 185 dollars would attract 200 dollar share prices.

Federico Izzi
Federico Izzi

Financial analyst and independent #trader – S.I.A.T. & partner. He operates actively on stock and derivatives markets (futures and options) since 1997. A precursor of cyclic-volumetric analysis he is known for having identified the most important upward and downward movements in the financial markets of recent years. He participates annually as a speaker at the ITForum in Rimini since the 2010 edition and InvestingRoma and Napoli since the first edition of 2015. He is a guest and market expert on the "Trading Room" and "Market Driver" broadcasts of Class CNBC, Borsa and on the evening news of Traderlink. Since July 2017 he is a permanent guest on LeFonti.TV, the only weekly national space dedicated to cryptocurrencies alongside the most important international experts in the field. Since May 2017 he is officially a Bigbit technical analyst. He was interviewed as a #cryptocurrency expert for Forbes Italia, Panorama, StartupItalia and DonnaModerna. He was recognized as the first Italian technical analyst to have published the first secular cyclic analysis on #Bitcoin. Periodically publishes articles on ITForum News, Sole24Ore, MILANOFINANZA, TrendOnLine and Wall Street Italy. Federico Izzi is... "Zio Romolo".

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