HODL

bullish

United

Bitcoin

<p>Bitcoin continues its wild ride, reaching a new historical high of $79,141, while market experts urge investors to keep their cool in this highly bullish context.</p>
<h2 id="h-bitcoin-at-a-new-historical-peak-of-80-000">Bitcoin at a new historical peak of $80,000</h2>
<p>This Sunday looks green in the market, Bitcoin, the world’s leading cryptocurrency, has crossed a new symbolic milestone on Coinbase, one of the major exchange platforms. This historic performance is part of a particularly marked bullish dynamic since the <a href="https://www.cointribune.com/en/100000-for-bitcoin-trumps-victory-rekindles-hopes/" target="_blank" rel="noopener noreferrer nofollow">reelection of Donald Trump</a> as President of the United States.</p>
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<p>Since then, Bitcoin’s price has stabilized around $80 000, confirming the strength of this previously unexplored price level.</p>
<p>Renowned analyst Tuur Demeester quickly reacted on social network X, calling for restraint: “<em>No reckless action is necessary, HODL does the work for you</em>“.</p>
<p>This position is widely shared by James Check, lead analyst at Glassnode, who points out that despite these <a href="https://cointelegraph.com/news/bitcoin-breaks-79k-all-time-high-crypto-analysts" target="_blank" rel="noopener noreferrer nofollow">new peaks</a>, the gap between the current price and the 200-day moving average remains “cooled off”, suggesting a healthy market progression.</p>
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<h2 id="h-a-rally-different-from-previous-cycles">A rally different from previous cycles</h2>
<p>This increase is distinguished from previous ones by its very nature, according to several industry experts. Trader Cantonese Cat notes an important distinction: “<em>This time, the rise is not due to leveraged positions, but to real spot demand</em>“. This analysis suggests a stronger basis for the <a href="https://www.cointribune.com/en/bitcoin-dethrones-gold-the-crypto-market-is-buzzing-after-trumps-election/" target="_blank" rel="noopener noreferrer nofollow">current valuation of Bitcoin</a>.</p>
<p>Bitwise Invest CEO Hunter Horsley provides interesting insight into market psychology. According to him, the rising prices boost investor confidence in the success of the Bitcoin project, creating a positive feedback loop. <em>“This dynamic suggests a likely continuation of the bullish trend</em>“, he asserts.</p>
<p>The particularly strong progress of recent days, with successive thresholds at $73,679, $76,000 then $80,000, reflects extraordinary momentum. This series of records illustrates the robustness of the current bullish movement, seemingly driven by solid fundamentals rather than pure speculation.</p>
<p>As <a href="https://www.cointribune.com/en/bitcoin-at-a-peak-key-metrics-suggest-further-gains/" target="_blank" rel="noopener noreferrer nofollow">Bitcoin continues to explore uncharted territories</a>, analysts agree on one point: we are potentially witnessing the beginnings of a new major bullish cycle. Caution remains warranted, as price movements may experience significant volatility in the coming days.</p>

Bitcoin At $80,000, How Far Can This Dizzying Ascent Go?

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