Outside Source
Bitcoin has broken the $79,000 price level for the first time and many traders are sharing the sentiment that “this is just the beginning.”
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Bitcoin’s price has soared through the $79,000 price level for the first time ever in a week where it has reached several new highs since Donald Trump was reelected as United States president.
On Nov. 10, 05:00 UTC, Bitcoin reached $79,141 on cryptocurrency exchange Coinbase. However, traders are warning not to make any impulsive moves just yet.
“No rash action is needed, HODLing does the work for you,” Bitcoin analyst Tuur Demeester wrote in a Nov. 10 X post. He further stated:
“$79k bitcoin, new ATH. Steady folks, this is just the beginning. This is a time for being right and sitting tight.”
Popular crypto analyst account Invest Answers told their 227,400 X followers that “We’re taking off,” following Bitcoin breaking through the $79,000 price level.
Echoing a similar sentiment, crypto commentator Rain stated, “We are so back” to their 148,000 X followers.
This is a developing story, and further information will be added as it becomes available.
This article first appeared at Cointelegraph.com News
