Bitcoin SV (BSV) advanced nearly 2% on Friday, extending a recovery that has been building over the past two weeks. The token is now challenging its 200-day exponential moving average at $15.39, a level that has repeatedly separated bullish and bearish market structures. A decisive daily close above this barrier could open a path toward the next major resistance at $17.06, marked by the December 28 low.
Renewed retail interest has accompanied improving derivatives activity. CoinGlass data shows Bitcoin SV futures open interest climbed to $39.07 million from $31.87 million on August 1, an increase of more than 22.5%. The funding rate remains positive at 0.0051%, indicating that long-position traders are paying shorts, but not at levels considered excessively leveraged. Technical indicators are also leaning bullish: the MACD and its signal line are rising in positive territory, while the Relative Strength Index sits near 60, below overbought conditions.
The recovery has been supported by growing discussion around PiWalletSV, an air-gapped wallet designed to keep private keys isolated from internet-connected devices. It also follows broader security concerns across the Bitcoin ecosystem, including the Coldcard wallet hack and roughly 8,000 potential vulnerabilities identified by the volunteer developer group Bitcoin Red Team using the Kimi K3 artificial intelligence model. For now, BSV must hold above the 50-day EMA at $13.57 on any pullback, while a move below that level would shift attention back to the June 25 support at $10.69.
