This looks like a true bottom as it has been a long time in the making. From here on out, everything will be different when it comes to price action. This is what I am getting from hundreds of charts.
Instead of a long-term lower high followed by new lows; $BSV , and many other Cryptocurrency projects, are set to develop a rising trend. Higher highs and higher lows for years to come.
The February 2026 low looks like a true market bottom.
Bitcoin SV
The previous low happened June 2023, this was a significant event. After hitting bottom, $BSV USDT turned bullish for 266 days with almost 700% total growth. Even a repeat of 2023-24 would be really good right now but this isn't truly awesome. It was a mild bullish cycle at best.
Bitcoin SV has been producing a prolonged bullish divergence with the MACD, almost four years old. The RSI is in a similar situation. Showing not only short-term reversal signals but also a true bottom. We will have to wait and see for the results.
Long-term, it is hard to predict because the market is still young. Short-term, the market will produce strong bullish action. The main and first wave can last 3 months just as it can last 6 months. Notice how the last bullish cycle lasted more than 8 months.
While long-term higher highs is very likely and possible, the market still has to grow step by step. First, a long-term lower high can find resistance around $83 and $102. Challenging first the highs from December 2024 and February 2024 respectively. At this point we can expect an extended correction.
After this extended correction the possibility of even higher opens and the long long-term target can result in a price tag of $198 for $BSV We are not yet considering a new all-time high scenario because we are moving step by step.
A weaker version can result in a move now reaching $55 followed by strong bearish action, and the same long-term bearish dynamic seen on the chart can be extended.
I am an optimist by nature and I just don't think we've seen everything the Cryptocurrency market has to offer. I don't think this market is doomed to fail. On the contrary, I think the best is yet to come truly. These past few years are only the preparatory phase and the market gave us already several tastes of what is possible.
It isn't true that we have to wait 30 years for market conditions to change. It isn't necessary, growth and profits can be only months away. But, life can change dastrically in three decades. In three decades time, we can be looking at a completely different reality, just like how the world changed from the year 1960 to 1990, we can experience the same.
The massive change that we experienced with the rise of technology, is what we can expect to happen through the Cryptocurrency market. It is the evolution of finance.
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