The new Bull Run Underway, trying to break above Supporting Kumo By Cryptovest

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Bitcoin SV (BSV) Technical analysis: new bull run in progress, trying to break above Supportando Kumo

SV, one of the hard-toked projects emerging from the recent spin-off, is currently the most performing currency among the top ten cryptocurrencies of market capital following a recent rise in new bullish support. At this time, BSV is the only alternative to breaking the green before BTC after another bearish day, securing a gain of 1.66%.

In this week's news, nChain, Bitcoin SV's core development team, announced its latest pipeline blockchain project, Metanet. According to the Chief Scientist of nhain and self-proclaimed founder of Bitcoin, Craig Wright, Metanet will be a "secure Internet alternative, built on the blockchain", in which the compressed data are sent over the network as a microtransaction of Bitcoin so that people can get profit from the value of data rather than relying on ads and other online revenue streams.

At this time, BSV is on track to recover at 2h which supports Kumo on the Ichimoku indicator while the bullish momentum continues to push up the asset. If the bulls are able to achieve this, it will be a very promising BSV signal that will go on for the rest of this week.

On the 2-hour BSV / BTC chart, we can see …

This article appeared for the first time on Cryptovest

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