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Bitcoin Following Eerie Amazon Dot Com Fractal Would Lead To Retest of $20,000 Record


Bitcoin Following Eerie Amazon Dot Com Fractal Would Lead To Retest of $20,000 Record

Bitcoin price has once again found itself trading just below its most important resistance: $10,000. If the first-ever cryptocurrency can break that level, according to an eerily similar fractal from dot com-era Amazon stock charts, a retest of the asset’s all-time high would immediately happen next, followed by a steady uptrend that lasts for decades thereafter.

Comparing The Dot Com Bubble With Cryptocurrency

Bitcoin and cryptocurrencies, like the internet before it, are incredibly disruptive technologies with amazing, untapped potential. It could be decades before the emerging asset class truly bears any fruit. In the early days of the dot com bubble the asset class has been compared to – along with tulips and other speculative bubbles – internet brands weren’t the giants they are today, and many ideas failed along the way. It was impossible then to imagine what the internet would ultimately become today. Read More...