In the midst of a huge blunder by CoinTelegraph, Bitcoin SV (BSV) has shot-up +20% in a dramatic break above the 200DMA, but as a golden cross emerges – is it too late to buy Bitcoin SV?
The substantial upside move was triggered by a false report from CoinTelegraph, which mistakenly suggested the Blackrock Bitcoin spot ETF had been green-lighted.
Crypto markets were catalysed in seconds, with Bitcoin leading the pack hammering-up above $28,000.
But while Bitcoin quickly retraced the false gains, Bitcoin SV has defied a sell-off to continue printing higher – as the appetite for Bitcoin-linked projects grows.
BSV Price Analysis: Is it Too Late to Buy Bitcoin SV After CoinTelegraph Fake Pump
As price pushes high into the trading channel, Bitcoin SV is currently trading at a market price of $39.43 (representing a 24-hour change of +0.95%).
The +20% move comes as price smashes above the converged 20DMA and 200DMA, in a stunning move backed with technical strength from an emergent golden cross pattern on October 15.
With the leading Bitcoin hard-fork now pushing up for a third consecutive day, price action is now targeting upper trendline resistance in what could become a channel break-out move.
But investors should exercise caution here, as the RSI indicator appears to have heated-up significantly on the recent move – with the indicator showcasing major bearish overbought divergence at 68.30.
Meanwhile, the MACD reflects the bullish sentiment unlocked by the golden cross of moving averages, with the indicator reading at 0.32.
Overall, Bitcoin SV looks very strong here – with a period of consolidation at this level likely to be anticipated until the RSI cools down.
This leaves BSV with an upside target representing a clean break above the upper trendline at $44 (a potential +11.6%).
While downside risk here could see BSV return to converged moving average support at $34.25 (a potential -13.25%).
Bitcoin SV therefore has a risk: reward ratio of 0.87 – an entry overshadowed by downside risk, awaiting consolidation.
In other news, an emerging Telegram bot presale has capture the interests of GambleFi markets with more than $1m raised.
How GambleFi Telegram Bot TG.Casino Has Surged to More Than $1.13M Raised
As Telegram trading bots and GambleFi dominate Autumn’s narratives, the TG.Casino ($TGC) presale is gaining significant attention ahead of its highly anticipated Telegram casino launch today.
This comes after a dramatic presale saw TG Casino surge to $1.13m+ raised in just two week, here’s why it should be on your radar.
TG.Casino isn’t just another quick Telegram bot pump-and-dump it’s an intricately crafted ecosystem that marries the thrill of the casino world with the decentralized edge of blockchain.
By being a fully licensed casino that integrates seamlessly into Telegram, which boasts over 700 million users, the reach and potential are undeniable.
The ease of use, amplified by a no-KYC protocol, makes it an alluring proposition for both novices and crypto veterans with easy onboarding ensuring a seamless road to new user growth.
With a range of offerings, from thousands of live casino games, slot machines, and table games to an expansive sportsbook, it ensures an immersive experience.
And for those keen on kick-starting their journey, the 150% matched deposit bonus on the first deposit plus 500 free spins is the cherry on top.
From a security standpoint, users can rest easy – all data and funds are encrypted, ensuring robust protection against potential threats.
While the $TGC token not only facilitates instant transactions but also serves as the beating heart of this dynamic ecosystem.
Breaking Down the TG Casino Presale: Latest GambleFi Telegram Bot Surges
The presale is where things get even more intriguing as the offered staking APY is nothing short of spectacular, standing proudly at 3,446%.
Given that over a million tokens have been staked within a day of the presale launch, the momentum is palpable.
And a well-conceived buyback mechanism ensures price stability and regular rewards, a win-win for the community.
The $TGC token’s utility is another aspect to spotlight – beyond its primary function in the casino world, its adaptability – be it swapped for gaming credits or other cryptos – adds layers to its potential growth.
Its role in transactions, from deposits to withdrawals, signifies its pivotal role in the TG.Casino framework.
How to Buy TG Casino Early?
Step 1 – Go over to their official website
The first thing you want to get correctly is going over to their official website.
Step 2 – Create a Crypto Wallet
You need to set up a crypto wallet, and it’s important to choose a wallet that supports ERC-20 tokens as this is TGC Standards.
Step 3 – Purchase ETH or USDT
Next is to purchase some Ethereum (ETH) or Tether (USDT), as these are the tokens used to exchange into TGC.
Step 4 – Connect Wallet to Presale Dashboard
Go to TG.Casino’s website and click on the ‘Connect Wallet’ button. A pop-up box will appear, in which investors can choose their wallet provider and link their wallet to the presale dashboard.
Step 5 – Buy TG.Casino Token
Investors will see an order box on-screen where they can either select ETH or USDT (or buy on BSC) to use for the exchange. Investors also need to decide the amount of $TGC coin you want to buy; the minimum investment is 1,000 $TGC. After making sure that everything is accurate, confirm the trade.
Step 6 – Claim TG.Casino Token
Once TG.Casino’s presale has ended, there will be a Token Generation Event (TGE), where investors can claim their purchased tokens by clicking the ‘Claim’ button on TG.Casino’s homepage. That’s all for how to buy TG.Casino.
TG Casino’s Unrivalled Tokenomics Could Trigger Biggest GambleFi Moonshot
To wrap it up, TG.Casino ($TGC) presale is not just an opportunity; it’s a front-row ticket to the future of Telegram GambleFi.
With tokenomics supply – fairly distributed across the presale, liquidity pools, staking rewards, and player rewards – and the additional bolster of TG Casino’s jaw-dropping 3,446% APY – this project is positioned to become a huge name in the GambleFi vertical.
Its blend of a comprehensive ecosystem, enticing financial benefits, and user-centric approach make it a tantalizing prospect. But as always, arm yourself with research, and here’s to successful ventures ahead!
Dive into the TG.Casino Presale Now.
Buy $TGC Here
Disclaimer: Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all of your capital.
This news is republished from another source.
