Bitcoin Hard Forks BCH, BSV, BTT Rally as BTC Continues Its ATH Run

Bitcoin Cash increased by 17.84% in the past day. Thus, it became the best performing token. BCH was trading at $527 at the time of writing.

Bitcoin continues to hit new ATHs, crossing the $98,000 mark. In turn, we’re seeing a renewed interest in some of the older crypto tokens on the market. These old coins, including Bitcoin hard forks, are putting up a performance that shows the demand for Bitcoin-linked assets is rising.

Crypto analyst Aaryamann Shrivastava breaks down the three best performing legacy tokens to watch.

First up is a Bitcoin fork: Bitcoin Cash (BCH)

BCH rose by 17.84% over the past 24 hours, making it the best performing token. At the time of writing, BCH was trading at $527. The rally has revived investors’ interest in the altcoin and increased optimism for further price increases. The recent rally brought BCH to a seven-month high. Additionally, it put it close to the $529 resistance level, which Bitcoin Cash last breached in mid-April. This makes it a key level to watch for continued bullish momentum.

If BCH manages to break above the $529 resistance, the price could rise towards the next barrier at $593. However, failure to break this level could result in a drop to $501, and further losses could invalidate the bullish outlook

Coming in second is Bitcoin SV (BSV)

BSV rose by 11% during the day, bringing it to a seven-month high of $76.67. The altcoin’s rally has revived investors’ interest as it led the crypto market to gains today. Bitcoin SV made its first significant rise in more than three months and is also benefiting from BTC’s continued rise towards ATH levels. This momentum puts BSV as a top contender in the altcoin space.

For BSV to continue its uptrend, it needs to exceed the resistance of $77.49 and target $80.00. However, losing the $72.42 support would likely trigger a decline to $65.05. Also, further declines would invalidate the bullish outlook.

Last ranked token: BitTorrent (BTT)

BTT rose by 12% today, reaching $0.000001204. The altcoin is yet to hit its recent multi-month high, but the rebound follows recent losses and shows improving sentiment among investors. The uptrend shows potential for further growth. BTT’s rally in early November saw it almost breach the resistance of $0.000001252. However, its failure triggered corrections. Successfully breaking above this barrier is crucial for the altcoin to close above $0.000001300 and maintain its upward momentum in the near term.

If BTT encounters another failed breach, further correction is possible. Also, the altcoin could potentially fall to $0.000001146. A loss of this critical support level could push the altcoin as low as $0.000001021 and put the bullish prospects at risk.

The views and opinions expressed in this article belong to the analyst and do not constitute investment advice. As Kriptokoin.com, we strongly recommend that you conduct your own analysis before investing.