Bitcoin soared past the $100,000 mark today, cementing a historic moment for the cryptocurrency world and affirming the confidence of millions of BTC enthusiasts. The crypto titan was not alone in reaching new heights, as several altcoins also achieved their all-time highs, further elevating the market's growth prospects.
Bitcoin (BTC)
In a remarkable surge, Bitcoin rose by 8.6% within the past 24 hours, achieving a new all-time high (ATH) of $104,087. This milestone fuels optimism throughout the crypto market and suggests a promising phase of expansion for BTC. Investors have long awaited this landmark, and the strong bullish sentiment is expected to persist, potentially driving Bitcoin to even greater heights.
Despite the euphoria, profit-taking poses a potential threat to Bitcoin's price stability. As investors capitalize on gains, a price correction could ensue. Should BTC slip below $100,000, it might find support near $90,000—a normal retracement amid an upward trend.
Sui (SUI)
Sui, another noteworthy cryptocurrency, reached an ATH of $4.04—its second within a month. The altcoin's robust support at $3.20, from which it recently rebounded, underscores its resilience and positions it well for future advancement. With market conditions leaning bullish, SUI might climb toward $5.00, propelled by positive sentiment and investor interest.
However, failure to establish a new ATH may lead SUI into consolidation between $3.20 and $3.94. Such a range could undermine the current bullish narrative, indicating a temporary halt in its upward movement. Without a decisive breakout, sustaining recent gains could prove challenging.
Bitget Token (BGB)
Bitget Token reached a significant milestone today, with its price hitting an ATH of $1.82 following an 11% rise on Wednesday. This achievement highlights growing investor confidence and positions BGB on a path toward further growth, targeting the next resistance at $2.00.
Trading now at $1.76, BGB aims to maintain its upward momentum and break through key resistance levels. Achieving this could set the stage for additional gains.
Conversely, failing to surpass the $1.82 peak might trigger a pullback toward the $1.55 support level, invalidating the current bullish outlook. Market participants watch these levels closely for signs of a trend shift.