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Bitcoin has surged past the $79,000 mark for the first time, reaching a new all-time high of $79,141 on Coinbase.

Analysts are urging investors to remain calm and avoid impulsive decisions, with Bitcoin analyst Tuur Demeester advising, "No rash action is needed, HODLing does the work for you."

Despite the significant milestone, experts like Glassnode's James Check emphasize that the price is still far from the 200 Day Moving Average, suggesting a potential for further growth.

Popular crypto analyst Invest Answers echoed this sentiment, stating, "We’re taking off," while Rain added, "We are so back."

The recent surge follows a series of new highs since Donald Trump's re-election as U.S. president, with Bitcoin previously breaking its $73,679 all-time high on November 5.

Bitwise Invest CEO Hunter Horsley highlighted that rising prices often lead to increased confidence in Bitcoin's success, potentially driving further gains.

“When Bitcoin’s price goes up, people view it as more likely that it will succeed, and therefore be even more valuable,” he said. "So it’s likely to go up even further.” Horsley claimed.

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