Bitcoin SV (BSV) Technical Analysis: Continues to Capitulate Inside Falling Wedge
Cryptovest
Published Apr 26, 2019 06:32AM ET
Updated Apr 26, 2019 07:42AM ET
Bitcoin SV (BSV) Technical Analysis: Continues to Capitulate Inside Falling Wedge
Bitcoin SV (BSV) has surprisingly managed to hold above the $50 level today despite the crypto market sliding by $10 Billion, after New York Attorneys accused Bitfinex of covering up missing funds with Tether.
Today BSV is down -3.36% against the US dollar and trailing 0.41% behind BTC, with 24hr trading volume rising by over $29 Million as traders rush to exit out of the falling market.
Over the last few months, waves of bad press directed at the project’s lead proponent, Craig Wright, have caused significant damage to Bitcoin SV’s reputation.
It started when the self-proclaimed creator of Bitcoin removed himself from his highly active Twitter account in March, and began a legal campaign against a vast number of crypto social media celebrities who had called him ‘a fraud’ for declaring to be Satoshi Nakamoto. These celebrities include Ethereum’s Co-Founder Vitalik Buterin, crypto blooger Peter McCormack, and Hodlonaut - the people responsible for creating the Bitcoin lightning torch.
https://twitter.com/calvinayre/status/1111710002258038785?lang=en
The response from other crypto projects and the wider community was substantial. A viral meme quickly circulated which said “We are all Hodlonaut”, in reference to the infamous ‘We are all...
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