Bitcoin has made history today by breaking through the $100,000 mark, proving the optimism of millions of Bitcoin enthusiasts. However, the king of cryptocurrencies was not alone, as several altcoins also reached new all-time highs.
BeInCrypto has analyzed the cryptocurrency tokens that have set new all-time highs (ATHs) today, further fueling the growth of the cryptocurrency market.
Bitcoin (BTC)
Bitcoin has made history today. It has risen 8.6% in the last 24 hours, breaking through the $100,000 mark and setting a new all-time high (ATH) of $104,087. This surge has sparked optimism in the cryptocurrency market, setting an important milestone. Bitcoin's rally is nearing a new growth phase.
The ATH of $104,087 is the result that many investors have been waiting for years. The excitement over this breakthrough is likely to continue the upward momentum in the coming days. Market sentiment remains highly positive.
However, the price movements of Bitcoin still pose a risk of profit-taking. Many investors may cash in on their recent gains, triggering a price correction. If Bitcoin falls below $100,000, the next support level could be around $90,000. Such movements would be a natural adjustment within the uptrend.
Sui (SUI)
Another cryptocurrency token, SUI, has set a new all-time high (ATH) of $4.04, achieving its second ATH in the past month. This altcoin has established an important support level at the recent rebound of $3.20, indicating strong resilience and suggesting that SUI is in a strong position for future growth.
With the broader market situation still positive, a possible outcome for SUI is a rise to $5.00. Positive market sentiment and continued investor interest could propel the altcoin even higher, especially since SUI has already shown the strength to maintain key support levels.
However, if SUI fails to form a new ATH, it could enter a correction between $3.20 and $3.94. This price range would invalidate the current positive outlook on SUI and indicate a temporary pause in the uptrend. Without a clear breakout, the altcoin may struggle to maintain its recent gains.
Bitget Token (BGB)
The price of BGB rose 11% on Wednesday and today recorded a new all-time high of $1.82. This surge reflects an increase in investor confidence in altcoins and sets an important milestone. The rally has put BGB on an upward trajectory, with the next major resistance level at $2.00.
Currently trading at $1.76, BGB is continuing its upward momentum and targeting the $2.00 level. The recent price movements have shown strong momentum, and if the altcoin can break through the key resistance, it could open the way for additional gains.
However, if BGB fails to break through the $1.82 high, it could retreat to the $1.55 support level. Failure to maintain this resistance could invalidate the positive outlook and trigger a correction. Market participants are closely monitoring these levels to look for signs of trend reversal.
