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…
All attention has been focused on Bitcoin recently as it has led crypto markets off the bottom and back into bullish territory. Ethereum has been lack luster to say the least with very little movement in prices and certainly nothing to match other crypto assets. That could all change with an endorsement from Amazon which…
Those who are involved in or invested in Bitcoin, likely know full well the crypto asset’s long-term price potential and its potential to become the single global currency across the internet and beyond. They also know that Bitcoin has out-performed every asset in history, including anything the stock market has to offer, even including the…
In recent months, an increasing number of engineers and developers announced that they are leaving established Silicon Valley tech companies in search for new opportunities in the world of blockchain and crypto. Firms like Facebook, Apple, Google, Netflix, and Amazon are all viewed as target companies for most engineers. However, even these giants are rapidly…
Markets, whether it’s Bitcoin or Amazon stocks, are cyclical and are driven by the same dynamics such as supply and demand, speculation, and the emotional state of investors and traders making up each market. According to one analyst, Bitcoin is following a fractal similar to when Amazon stock price corrected following the dot com bubble…
All financial markets are cyclical, including the cryptocurrency market. The price action of assets like Bitcoin, Ethereum, and even traditional assets like stocks or commodities, are driven by a complex balance of supply and demand, but also the psychology of each market’s participants. A comparison between the late 1990s and early 2000s dot com era…
Only 12.7% of Amazon customers want the marketplace to sell crypto products or services, according to a new report. Global financial portal Investing.com surveyed more than 1,000 Amazon clients to study their consumption rate from the online portal. The survey included a section that discussed possible products – hypothetical services that Amazon should offer as…
Negative sentiment surrounding the crypto market has done significant damage to Ethereum’s reputation. It’s become a common thread across the crypto community to question Ethereum’s use case, and ask the question “who exactly is building on Ethereum, anyway?”The most frequent response is to point to the altcoin’s biggest backers, The Ethereum Foundation and Consensys. However,…
The stock market’s striking correlation to Bitcoin throughout the past few months still appears to be holding strong, even despite Bitcoin’s intense rally seen over the past couple of days.It now appears that this correlation could once again prove to be highly negative for the benchmark cryptocurrency, as some major components of the market that…
While Bitcoin is up 5% over the past two days, the crypto-asset market remains in consolidation.After hitting $10,100 in late April, the cryptocurrency has stagnated under that key level. It has since traded in a relatively tight consolidation pattern from $8,500 to $9,500, failing to move decisively out of this range.Though a popular trader says…