Bitcoin Hard Forks BCH, BSV, BTT Outpace Top Tokens as BTC Hype Resurges

As Bitcoin (BTC) reaches a new all-time high (ATH), surpassing $96,000, the market has seen a resurgence in some of the old crypto tokens

As Bitcoin (BTC) continues to reach new all-time highs (ATHs), some of the older crypto tokens in the market have also seen a resurgence. These older coins, including Bitcoin hard forks, have outperformed even the top-performing tokens, indicating a growing demand for BTC-affiliated assets despite the emergence of newer alternatives.

In this scenario, investors are turning to more established tokens that offer an opportunity to capitalize on the Bitcoin hype. BeInCrypto has analyzed three of the best-performing legacy tokens, which could provide insight into this trend.

Bitcoin Cash (BCH) emerged as the top-performing token, surging by 17.84% in the past 24 hours and trading at $527 at the time of writing. The rally has garnered attention, boosting optimism for further price gains in the upcoming sessions.

The recent rally has brought BCH to a seven-month high, positioning it close to the next resistance level of $529. This key level has not been breached since mid-April, making it a crucial target for sustained bullish momentum.

If BCH breaches the $529 resistance, the price could rise toward the next barrier at $593. However, failure to break this level might cause a decline to $501, with further losses invalidating the bullish outlook.

Bitcoin SV (BSV) Surged by 11% in Past 24 Hours, Leading Crypto Market Gains

Bitcoin SV (BSV) price surged by 11% in the past 24 hours, leading today’s crypto market gains and reaching a seven-month high of $76.67. The altcoin’s rally has positioned it as the top performer among the major cryptocurrencies.

Marking its first significant rally in over three months, Bitcoin SV is benefiting from BTC’s continued rise to new all-time highs. This momentum has pushed BSV to become a top contender in the altcoin space.

To sustain its uptrend, BSV must breach the $77.49 resistance and aim for $80.00. However, losing the $72.42 support could trigger a drop to $65.05, with further declines invalidating the bullish outlook.

BitTorrent (BTT) price increased by 12% today, reaching $0.000001204. Although it did not achieve any multi-month highs, the recovery mitigated recent losses, suggesting improved sentiment among investors. The uptrend showed potential for further growth in the upcoming sessions.

BTT’s early November rally nearly broke the resistance at $0.000001252. However, its failure triggered corrections. Successfully breaching this barrier is critical for the altcoin to close above $0.000001300 and sustain its upward momentum in the near term.

If BTT faces another failed breach, it could experience further corrections, potentially dropping to $0.000001146. Losing this critical support level might push the altcoin down to $0.000001021, undermining bullish expectations.