On November 10, Bitcoin reached a record high of $79,141 on Coinbase, sparking active discussions in the crypto community.
Record Bitcoin Surge
Following Donald Trump's reelection, Bitcoin surpassed the $79,000 mark. On November 10 at 05:00 UTC, it reached $79,141 on Coinbase. At the time of publication, Bitcoin was trading at $79,658.
Analysts Advise Patience
Analysts, including Tuur Demeester, caution against hasty actions at this time. Demeester stated in a post on X: 'No rash action is needed, HODLing does the work for you.'
Market Impact and Further Projections
Some analysts, such as Glassnode's James Check, noted that despite the high figures, the 'distance' from the 200-Day Moving Average remains significant. Others, like Invest Answers and pseudonymous trader Cantonese Cat, express confidence in further rises. Bitwise Invest CEO Hunter Horsley highlighted psychological factors, stating that as Bitcoin climbs, investor confidence grows, potentially driving further growth.
Bitcoin has once again demonstrated its volatility and rapid growth potential. Analysts advise caution as the upward trend continues amid external influences.
