Posted 12/10/2023, 9:00:16 PM
Bitcoin Price Action Mirrors Early Amazon, Potentially Signaling Major Bull Run
- Bitcoin (BTC) price action over last 3 years resembles Amazon's (AMZN) in 2010-2011, potentially signaling a parabolic move up
- Analyst points out double tops and corrections to previous ATHs before sudden price spikes
- Similar price action could suggest that human speculation, not technical factors, drives rapid gains
- BTC's Vortex Indicator recently flipped bullish, which has historically signaled new bull markets
- Near-term downside risk remains if support at $32K fails; upside target is new all-time highs