Bitcoin SV’s latest run is at a never ending bullish momentum as it broke the $200 USD barrier with a keen look towards setting all-time highs in the coming days. After a quiet rise from intraday lows of $95.50 USD on Jan. 1, recording over 100% gains in 2020, the cryptocurrency world cannot endure the silence any more as the Bitcoin spinoff soared to the 6^th position by market cap. In all the market anomalies experienced in BSV’s rise, BCH enthusiasts are on the edge as a flipping is on the verge of occurrence.

Very few (if at all any) crypto analysts predicted such a rise for a token heavily proclaimed by Bitcoin maximalists as “fake Bitcoin”. However, against all odds, the price of BSV currently stands at $204.32 USD as at time of writing representing a sharp 115% increase over the past fortnight – placing it as the best performing top altcoin in 2020 so far.

The spike sets the altcoin only 19.4% off its all-time high of $253 USD, recorded on Jun 22 last year during the massive BTC bull run to $13,800 USD.  The price is moving in tandem with the 20-day upper Bollinger Band with the relative strength index (RSI) on the higher timeframes oscillating wildly in the overbought levels with a bullish trajectory.

The BSV supporters however do not want to stop at beating its ATH as the current spike gives hope of a push towards flipping BCH, to become the largest fork of Bitcoin.

How fast #BCH dumps after it is passed by #BSV will be a rude awakening and preview of how quickly dominance can be lost if there is no utility.

— 1jack 🌱 (@liujackc) January 14, 2020

Currently at $5.16 billion USD in market cap, BCH stands only behind the three major cryptocurrencies, Bitcoin (BTC), Ethereum (ETH) and Ripple. BSV has a total of $3.6 billion USD in market cap and ifthe current trend persists, it will be only a matter of time before the two blockchains face a cross over.

However, the hash rate war is yet to be won conclusively by any party as BCH stands at 4.5% and BSV at 2.5%, still a long way from the real Bitcoin.

Despite the reported volumes soaring to highs last recorded in June 2019’s bull run to its ATH, a number of analysts are convinced the BSV market is manipulated. Or could it be the launch of the third Tulip Trust by staunch supporter of BSV and self-proclaimed Satoshi Nakamoto, Craig Wright, which caused the spike? Nope, must be manipulation one analyst claimed.

Calvin buying his own coin . GG

— I am Nomad (@IamNomad) January 14, 2020

Calvin Ayre, billionaire and supporter of BSV, however refuted the claims of manipulation tweeting that the current bullish momentum is a factor of BSV’s utility and not mere luck or manipulation. He =called on those who think the price rise is a factor of manipulation stating,

You do not pump and dump utility, you grieve price went up before you could get more. #BSV #Bitcoin

— Calvin Ayre (@CalvinAyre) January 14, 2020