Bitcoin continues its wild journey by hitting a new all-time high of $80,000, as market experts urge investors to stay calm in this high bullish environment.

Bitcoin reaches a new all-time high of $80,000

This Sunday promises to be green in the market, as Bitcoin, the world's first cryptocurrency, has achieved a new symbolic milestone on Coinbase, one of the major exchange platforms. This historic achievement is part of the particularly pronounced upward momentum since Donald Trump was re-elected as President of the United States.

Bitcoin's price has stabilized at around $80,000, confirming the strength of this previously unexplored price level.

Famous analyst Tuur Demeester quickly reacts on social media

This view is widely shared by James Check, a senior analyst at Glassnode, who points out that despite these new highs, the gap between the current price and the 200-day moving average is still 'cooling down', indicating a healthy progression of the market.

Another rally with previous cycles

According to some industry experts, this increase is fundamentally different from those before. Trader Cantonese Cat notes an important characteristic: 'This time, the increase is not due to leveraged positions but rather due to actual spot demand.' This analysis indicates a stronger basis for Bitcoin's current valuation.

Bitwise Invest CEO Hunter Horsley sheds light on some interesting aspects of market sentiment. According to him, the price increase reinforces investors' confidence in the success of the Bitcoin project, thereby creating a positive feedback loop. He states, 'This momentum suggests that the upward trend is likely to continue.'

The particularly sustainable progress in recent days, with consecutive levels at $73,679, $76,000, and then $80,000, demonstrates extraordinary momentum. This record streak illustrates the robustness of the current bullish movement, seemingly driven by stronger fundamentals rather than pure speculation.

As Bitcoin continues to explore new territories, analysts agree on one point: we are likely to witness the beginning of a major new bull cycle. However, caution is still needed as price volatility may experience significant fluctuations in the coming days.