3 Cryptocurrencies That Reached All-Time Highs Today — December 5
Bitcoin made history today after it crossed the $100,000 mark to validate millions of BTC enthusiasts’ optimism. But the crypto king was not alone; a few altcoins also witnessed their new highs.
BeInCrypto has analyzed the crypto tokens that reached their all-time highs (ATH) today, pushing the crypto market’s growth further.
Bitcoin (BTC)Bitcoin made history today, rising by 8.6% in the last 24 hours to cross the $100,000 mark and form a new all-time high (ATH) of $104,087. This surge marks a significant milestone, fueling optimism in the crypto market. BTC’s rally has brought it closer to a new phase of growth.
The ATH of $104,087 has been highly anticipated, with many investors waiting years to see BTC reach the $100,000 level. Given the excitement surrounding this breakthrough, it is likely that the bullish momentum will continue in the coming days, pushing Bitcoin higher. Market sentiment remains overwhelmingly positive.
Bitcoin Price Analysis. Source: TradingView
However, profit-taking remains a risk for Bitcoin’s price action. As many investors cash in on recent gains, this could trigger a price correction. If BTC falls below $100,000, the next support level could be around $90,000. Such a move would be a natural pullback in an otherwise bullish trend.
Sui (SUI)Another crypto token, SUI, reached a new all-time high (ATH) of $4.04, marking its second ATH in the past month. The altcoin has established critical support at $3.20, which it recently bounced off. This shows strong resilience and suggests that SUI is in a strong position for future growth.
With broader market conditions remaining bullish, the probable outcome for SUI is a rise toward $5.00. Positive market sentiment and continued investor interest could propel the altcoin higher, especially as it has already shown strength in holding key support levels.
SUI Price Analysis. Source: TradingView
However, if SUI fails to form a new ATH, it could experience consolidation between $3.20 and $3.94. This price range would invalidate the current bullish outlook for SUI, indicating a pause in the upward trend. Without a clear breakout, the altcoin might struggle to sustain its recent gains.
Bitget Token (BGB)BGB’s price hit a new all-time high of $1.82 today after an 11% rise on Wednesday. This surge marks a significant milestone for the altcoin, reflecting growing investor confidence. The rally has placed BGB on an upward trajectory, with the next key resistance level at $2.00.
Currently trading at $1.76, BGB aims to continue its uptrend and target the $2.00 mark. The recent price action has shown strong momentum, and if the altcoin can break through key resistance levels, it could pave the way for further gains.
BGB Price Analysis. Source: TradingView
However, if BGB fails to breach the $1.82 high, it could see a pullback toward the $1.55 support level. A failure to sustain above this resistance would invalidate the bullish outlook, and a correction may ensue. Market participants are closely monitoring these levels for signs of trend reversal.
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