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Legacy Crypto Tokens Outperform as Bitcoin Crosses $95,000 Beincrypto 21 Nov 2024

Legacy Crypto Tokens Outperform as Bitcoin Crosses $95,000 📈

Bitcoin Bitcoin SV Bitcoin Cash BitTorrent BeInCrypto

Bitcoin has reached a new all-time high, surpassing $96,000, sparking renewed interest in older crypto tokens, particularly Bitcoin hard forks. This trend suggests a growing demand for assets affiliated with Bitcoin, despite the presence of newer alternatives.

Bitcoin Cash, one of these legacy tokens, has surged by 17.84% recently, reaching a seven-month high of $527. It is near a crucial resistance level of $529, which has been untouched since mid-April. Breaking this level might push prices further up, while failure to do so could trigger declines.

Bitcoin SV also saw an 11% increase, hitting a high of $76.67, and leading market gains. To maintain its momentum, BSV needs to break the $77.49 resistance, while losing the $72.42 support could result in a downturn.

Lastly, BitTorrent experienced a 12% increase but didn't hit multi-month highs. Breaking a key resistance is necessary for sustained growth, but failure might lead to further corrections.

Quelle: beincrypto.com ↗

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