{"id":652453,"date":"2024-11-10T18:30:34","date_gmt":"2024-11-10T18:30:34","guid":{"rendered":"https:\/\/ktsl888.com\/?p=652453"},"modified":"2024-11-10T13:40:06","modified_gmt":"2024-11-10T13:40:06","slug":"bitcoin-closing-in-on-80000-for-record-breaking-run-after-trump-win","status":"publish","type":"post","link":"https:\/\/ktsl888.com\/news\/bitcoin-closing-in-on-80000-for-record-breaking-run-after-trump-win\/","title":{"rendered":"Bitcoin Closing In On $80,000 For Record-Breaking Run After Trump Win"},"content":{"rendered":"<p>Bitcoin continues to excite the market, finally <a href=\"https:\/\/www.coingecko.com\/en\/coins\/bitcoin\" target=\"_blank\" rel=\"noopener nofollow\">breaking the $79k<\/a> level for the first time, Sunday &#8212; and nearing the vaunted $80k level, courtesy of many positive factors, one of which is the US election win of Donald Trump.<\/p>\n<p>The cryptocurrency market is having a moment, driven by the results of the US elections and the surge of inflows to Bitcoin ETFs.<\/p>\n<p>As Bitcoin rewrites its bullish price narratives, many market watchers and analysts share their opinions and outlook. Bitcoin\u2019s breach of the key $79,000 barrier is just the beginning for many in the industry.<\/p>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/ktsl888.com\/news\/chainlink-125-target-in-sight-as-whale-on-chain-activity-soar-analyst\/\" target=\"_blank\" rel=\"noopener \">Chainlink 125% Target In Sight As Whale, On-Chain Activity Soar\u2014Analyst<\/a><\/div>\n<p>On Sunday, November 10th, BTC reached $79.158 on Coinbase, hitting a new all-time high. While some traders look at selling, many analysts recommend playing the market conservatively and \u201cnot making any impulsive moves.\u201d<\/p>\n<p>Tuur Demeester, a Bitcoin analyst, shared on his Twitter\/X post that \u201cHODLing\u201d is the best Bitcoin strategy.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"en\">$79k bitcoin, new ATH. Steady folks, this is just the beginning. This is a time for being right and sitting tight. No rash action is needed, HODLing does the work for you. <a href=\"https:\/\/t.co\/SWBCrQovOu\" rel=\"nofollow\">pic.twitter.com\/SWBCrQovOu<\/a><\/p>\n<p>\u2014 Tuur Demeester (@TuurDemeester) <a href=\"https:\/\/twitter.com\/TuurDemeester\/status\/67413564?ref_src=twsrc%5Etfw\" rel=\"nofollow\">November 10, 2024<\/a><\/p><\/blockquote>\n<p><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-652455\" src=\"https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/11\/A_28d0c9.png?resize=611%2C427\" alt=\"\" width=\"611\" height=\"427\" srcset=\"https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/11\/A_28d0c9.png?w=611 611w, https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/11\/A_28d0c9.png?w=460 460w\" sizes=\"auto, (max-width: 611px) 100vw, 611px\"><\/p>\n<h2>Expect A Bullish Trend For Bitcoin, Analysts Say<\/h2>\n<p>Demeester suggests that Bitcoin\u2019s price rally is just starting, and holding is the best strategy. He further shared that now\u2019s the best time to sit tight and wait for further price action. Demeester\u2019s recent post on Bitcoin echoes the sentiment of other Bitcoin market analysts.<\/p>\n<p>Other analysts also shared the same sentiment, saying that although the asset has reached an all-time high, there\u2019s still room for increase, pointing out that Bitcoin\u2019s distance between price and its 200-day average is still cooled off, suggesting more upside.<\/p>\n<figure style=\"width: 1835px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/www.tradingview.com\/x\/yrYaKYlL\/\" alt=\"\" width=\"1835\" height=\"857\"><figcaption class=\"wp-caption-text\">BTC market cap currently at $1.57 trillion. Chart: <a href=\"https:\/\/www.tradingview.com\/chart\/ajrdy9Lf\/\" target=\"_blank\" rel=\"noopener nofollow\">TradingView.com<\/a><\/figcaption><\/figure>\n<h2>Primed For Price Surge<\/h2>\n<p>Many crypto traders offer a bolder sentiment on Bitcoin, saying the alpha coin is destined to pump. They added that the price may drop this coming Monday or continue its upside with increasing market demand.<\/p>\n<p>Several rallies to new highs punctuated Bitcoin\u2019s recent market performance. After hitting $73,679 on November 5th, the alpha crypto surged to $76k the next day before topping the $77k level on November 8th.<\/p>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/ktsl888.com\/news\/xrp-on-fire-analyst-predicts-4-milestone-as-token-rallies-11\/\" target=\"_blank\" rel=\"noopener \">XRP On Fire: Analyst Predicts $4 Milestone As Token Rallies 11%<\/a><\/div>\n<h3>Looking Ahead: Bitcoin\u2019s Next Target Is $85k Or Higher<\/h3>\n<p>Bitcoin isn\u2019t new to market surprises and crazy price runs. Some experts count Bitcoin to hit $82k to $85k or even higher. Analysts like Jan Van Eck, CEO of VanEck, make a bolder claim, suggesting that Bitcoin will hit $300k soon.<\/p>\n<blockquote class=\"twitter-tweet\" data-media-max-width=\"560\">\n<p dir=\"ltr\" lang=\"en\">JUST IN: VanEck says \u201cBitcoin\u2019s value will be half of all the gold outstanding, so something like $300,000 for <a href=\"https:\/\/twitter.com\/hashtag\/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw\" rel=\"nofollow\">#Bitcoin<\/a>\u201d<\/p>\n<p>CORRECTION. Bitcoin Will Overtake Gold \ud83d\ude80 <a href=\"https:\/\/t.co\/JuAohgtb6t\" rel=\"nofollow\">pic.twitter.com\/JuAohgtb6t<\/a><\/p>\n<p>\u2014 Simply Bitcoin (@SimplyBitcoinTV) <a href=\"https:\/\/twitter.com\/SimplyBitcoinTV\/status\/26535729?ref_src=twsrc%5Etfw\" rel=\"nofollow\">November 8, 2024<\/a><\/p><\/blockquote>\n<p>According to Van Eck, his price target is still conservative, and he expects that coin can easily approximate half of gold\u2019s total valuation.<\/p>\n<p>Market data back Van Eck\u2019s analysis and the projections of other analysts. According to recent reports, there is a growing interest in Bitcoin, mainly in US BTC ETFs. On November 8th, the market enjoyed a $293 million inflow into ETFs, although this was a billion lower than its previous day&#8217;s performance.<\/p>\n<p><em>Featured image from Ninja Trader, chart from TradingView<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bitcoin continues to excite the market, finally breaking the $79k level for the first time, Sunday &#8212; and nearing the vaunted $80k level, courtesy of many positive factors, one of which is the US election win of Donald Trump. The cryptocurrency market is having a moment, driven by the results of the US elections and the surge of inflows to Bitcoin ETFs. As Bitcoin rewrites its bullish price narratives, many market watchers and analysts share their opinions and outlook. Bitcoin\u2019s breach of the key $79,000 barrier is just the beginning for many in the industry. Related Reading: Chainlink 125% Target In Sight As Whale, On-Chain Activity Soar\u2014Analyst On Sunday, November 10th, BTC reached $79.158 on Coinbase, hitting a new all-time high. While some traders look at selling, many analysts recommend playing the market conservatively and \u201cnot making any impulsive moves.\u201d Tuur Demeester, a Bitcoin analyst, shared on his Twitter\/X post that \u201cHODLing\u201d is the best Bitcoin strategy. $79k bitcoin, new ATH. Steady folks, this is just the beginning. This is a time for being right and sitting tight. No rash action is needed, HODLing does the work for you. pic.twitter.com\/SWBCrQovOu \u2014 Tuur Demeester (@TuurDemeester) November 10, 2024 Expect A Bullish Trend For Bitcoin, Analysts Say Demeester suggests that Bitcoin\u2019s price rally is just starting, and holding is the best strategy. He further shared that now\u2019s the best time to sit tight and wait for further price action. Demeester\u2019s recent post on Bitcoin echoes the sentiment of other Bitcoin market analysts. Other analysts also shared the same sentiment, saying that although the asset has reached an all-time high, there\u2019s still room for increase, pointing out that Bitcoin\u2019s distance between price and its 200-day average is still cooled off, suggesting more upside. Primed For Price Surge Many crypto traders offer a bolder sentiment on Bitcoin, saying the alpha coin is destined to pump. They added that the price may drop this coming Monday or continue its upside with increasing market demand. Several rallies to new highs punctuated Bitcoin\u2019s recent market performance. After hitting $73,679 on November 5th, the alpha crypto surged to $76k the next day before topping the $77k level on November 8th. Related Reading: XRP On Fire: Analyst Predicts $4 Milestone As Token Rallies 11% Looking Ahead: Bitcoin\u2019s Next Target Is $85k Or Higher Bitcoin isn\u2019t new to market surprises and crazy price runs. Some experts count Bitcoin to hit $82k to $85k or even higher. Analysts like Jan Van Eck, CEO of VanEck, make a bolder claim, suggesting that Bitcoin will hit $300k soon. JUST IN: VanEck says \u201cBitcoin\u2019s value will be half of all the gold outstanding, so something like $300,000 for #Bitcoin\u201d CORRECTION. Bitcoin Will Overtake Gold \ud83d\ude80 pic.twitter.com\/JuAohgtb6t \u2014 Simply Bitcoin (@SimplyBitcoinTV) November 8, 2024 According to Van Eck, his price target is still conservative, and he expects that coin can easily approximate half of gold\u2019s total valuation. Market data back Van Eck\u2019s analysis and the projections of other analysts. According to recent reports, there is a growing interest in Bitcoin, mainly in US BTC ETFs. On November 8th, the market enjoyed a $293 million inflow into ETFs, although this was a billion lower than its previous day&#8217;s performance. Featured image from Ninja Trader, chart from TradingView<\/p>\n","protected":false},"author":557,"featured_media":652458,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[5651,3],"tags":[428,1119,6664,1742],"class_list":["post-652453","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bitcoin","category-news","tag-bitcoin","tag-btc","tag-crypto","tag-digital-currency"],"acf":[],"yoast_head":"\n<title>Bitcoin Closing In On $80,000 For Record-Breaking Run<\/title>\n<meta name=\"description\" content=\"Bitcoin continues to excite the market, finally breaking the $79k level for the first time, Sunday -- and nearing the vaunted $80k level, courtesy of many\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link 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But for Christian, that's not just a metaphor, it's a lifestyle. By day, he navigates the ever-shifting tides of the cryptocurrency market, wielding words like a seasoned editor and crafting articles that decipher the jargon for the masses. When the PC goes on hibernate mode, however, his pursuits take a more mechanical (and sometimes philosophical) turn. Christian's journey with the written word began long before the age of Bitcoin. In the hallowed halls of academia, he honed his craft as a feature writer for his college paper. This early love for storytelling paved the way for a successful stint as an editor at a data engineering firm, where his first-month essay win funded a months-long supply of doggie and kitty treats \u2013 a testament to his dedication to his furry companions (more on that later). Christian then roamed the world of journalism, working at newspapers in Canada and even South Korea. He finally settled down at a local news giant in his hometown in the Philippines for a decade, becoming a total news junkie. But then, something new caught his eye: cryptocurrency. It was like a treasure hunt mixed with storytelling - right up his alley! So, he landed a killer gig at NewsBTC, where he's one of the go-to guys for all things crypto. He breaks down this confusing stuff into bite-sized pieces, making it easy for anyone to understand (he salutes his management team for teaching him this skill). Think Christian's all work and no play? Not a chance! When he's not at his computer, you'll find him indulging his passion for motorbikes. A true gearhead, Christian loves tinkering with his bike and savoring the joy of the open road on his 320-cc Yamaha R3. Once a speed demon who hit 120mph (a feat he vowed never to repeat), he now prefers leisurely rides along the coast, enjoying the wind in his thinning hair. Speaking of chill, Christian's got a crew of furry friends waiting for him at home. Two cats and a dog. He swears cats are way smarter than dogs (sorry, Grizzly), but he adores them all anyway. Apparently, watching his pets just chillin\u2019 helps him analyze and write meticulously formatted articles even better. Here's the thing about this guy: He works a lot, but he keeps himself fueled by enough coffee to make it through the day - and some seriously delicious (Filipino) food. He says a delectable meal is the secret ingredient to a killer article. And after a long day of crypto crusading, he unwinds with some rum (mixed with milk) while watching slapstick movies. Looking ahead, Christian sees a bright future with NewsBTC. He says he sees himself privileged to be part of an awesome organization, sharing his expertise and passion with a community he values, and fellow editors - and bosses - he deeply respects. So, the next time you tread into the world of cryptocurrency, remember the man behind the words \u2013 the crypto crusader, the grease monkey, and the feline philosopher, all rolled into one.\",\"sameAs\":[\"jomarjet01\"],\"url\":\"https:\/\/ktsl888.com\/author\/jomarjet01\/\"}]}<\/script>\n","yoast_head_json":{"title":"Bitcoin Closing In On $80,000 For Record-Breaking Run","description":"Bitcoin continues to excite the market, finally breaking the $79k level for the first time, Sunday -- and nearing the vaunted $80k level, courtesy of many","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/ktsl888.com\/news\/bitcoin-closing-in-on-80000-for-record-breaking-run-after-trump-win\/","og_locale":"en_US","og_type":"article","og_title":"Bitcoin Closing In On $80,000 For Record-Breaking Run","og_description":"Bitcoin continues to excite the market, finally 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He finally settled down at a local news giant in his hometown in the Philippines for a decade, becoming a total news junkie. But then, something new caught his eye: cryptocurrency. It was like a treasure hunt mixed with storytelling - right up his alley! So, he landed a killer gig at NewsBTC, where he's one of the go-to guys for all things crypto. He breaks down this confusing stuff into bite-sized pieces, making it easy for anyone to understand (he salutes his management team for teaching him this skill). Think Christian's all work and no play? Not a chance! When he's not at his computer, you'll find him indulging his passion for motorbikes. A true gearhead, Christian loves tinkering with his bike and savoring the joy of the open road on his 320-cc Yamaha R3. Once a speed demon who hit 120mph (a feat he vowed never to repeat), he now prefers leisurely rides along the coast, enjoying the wind in his thinning hair. Speaking of chill, Christian's got a crew of furry friends waiting for him at home. Two cats and a dog. He swears cats are way smarter than dogs (sorry, Grizzly), but he adores them all anyway. Apparently, watching his pets just chillin\u2019 helps him analyze and write meticulously formatted articles even better. Here's the thing about this guy: He works a lot, but he keeps himself fueled by enough coffee to make it through the day - and some seriously delicious (Filipino) food. He says a delectable meal is the secret ingredient to a killer article. And after a long day of crypto crusading, he unwinds with some rum (mixed with milk) while watching slapstick movies. Looking ahead, Christian sees a bright future with NewsBTC. He says he sees himself privileged to be part of an awesome organization, sharing his expertise and passion with a community he values, and fellow editors - and bosses - he deeply respects. 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