Today, Bitcoin’s trade price reached a new all-time high of $79,800, with the current price hovering around $79,000. In the last 24 hours, Bitcoin’s price surged by 3.5%.
Today #Bitcoin hits new all time high $79,741 pic.twitter.com/nf1DdZpRoL
— Bitcoinik (@Bitcoinikdotcom) November 10, 2024
In the same timeframe, Ethereum (ETH) also experienced a rise of 5%, with its current trade price at $3,188.
The current trade price of Ethereum is $3,188 pic.twitter.com/ZilicB3tte
— Bitcoinik (@Bitcoinikdotcom) November 10, 2024
Bitcoin’s price has climbed nearly 16% over the past week, with a significant pump following Donald Trump’s victory in the U.S. presidential election. While many attribute this rally to Trump’s win, some argue that Bitcoin’s bull run operates independently of real-world events. They point to the regular cycles of sharp gains that tend to occur every 3-4 years.
ETF Money Inflow in Bitcoin Market
It was previously reported that on November 8, Bitcoin spot ETFs recorded a total net inflow of $293 million, following an inflow of nearly $1.4 billion on November 7.
https://t.co/pYtIVbkvQvWorld-Famous Financial Expert #Kiyosaki Says He Will Keep Buying #Bitcoin (BTC) Despite $76K Level
— Bitcoinik (@Bitcoinikdotcom) November 9, 2024
Bitcoin Analysts on the Current Phase
Crypto price analyst Ali commented on the current bull run, indicating that he plans to increase his Bitcoin investment if Bitcoin experiences a correction, with a target range of $71,500 to $69,000 as a safety measure. He also predicted a possible dip to around $73,000.
Maybe it’s just wishful thinking, but I'm really eyeing a correction to stack more #Bitcoin. Looks like $BTC broke down from a rising wedge, hinting at a target around $73,900. I’m also placing buy orders at $71,500 and $69,000 as backup – let’s see where it goes! pic.twitter.com/19TrlfnNTy
— Ali (@ali_charts) November 9, 2024
Another prominent crypto analyst, Titan of Crypto, expressed enthusiasm about this bull phase of Bitcoin, calling it the moment long-awaited by many in the crypto community, suggesting that Bitcoin’s upward trend is far from over.
#Bitcoin Bullish Trend Continuation 🚀#BTC entered the part we all waited for.Fasten your seatbelt! pic.twitter.com/5Fx6nijHYz
— Titan of Crypto (@Washigorira) November 9, 2024
Read also: World-famous financial guru Kiyosaki reveals his Bitcoin (BTC) trading strategy
