8 hours ago:
It's hard to believe we can break $35k on such piss-poor volume, but hey you never know what's gonna happen after such a definitive supply shock, fully rock-bottoming at $29k. If we do break $35k soon I think it's all but guaranteed that we test the next level at $40k, and volume should pick up quite a bit as the FUD flips FOMO.
Now:
So... that escalated quickly.
Eat my shorts, shorts.
We are still obviously trading perfectly between these $5k unit-bias levels. As predicted, as soon as we crossed $35k we shot directly up to $40k before pulling back. The pump up lasted only three hours but made it all the way up to $40k. Bullish much? Six green days in a row from $29k to $40k says 'yes'.
Apparently this was also written in the stars.
Pretty... Wild...
Goddess Moon still dabbling in Bitcoin it seems.
In any case, obviously people are pretty excited. I'm sure some investors won't even notice that this happened until tomorrow. We are on the verge of saying goodbye to the whole notion of this supposed bear market, and all the people who were running around like the sky was falling will look back on this period as a 2 month consolidation, rather than the multi-year doom and gloom they've been peddling for weeks now.
This is not a drill.
This is the real deal. Momentum like this doesn't just fall away after hitting rock-bottom like we just did five days ago. August is going to be a damn good month.
Amazon finally making a crypto play:
According to the news website City A.M., an “insider” has confirmed that Amazon is “definitely” looking to launch Bitcoin and crypto payments by the end of the current year. In addition, the e-commerce giant could launch its own token by 2022.
This isn’t just going through the motions to set up cryptocurrency payment solutions at some point in the future – this is a full-on, well-discussed, integral part of the future mechanism of how Amazon will work.
Hm, yeah... took you guys long enough.
Amazon making a crypto play was the obvious move, but this timing is nothing but impeccable. Who knows how deep down the rabbit hole this will go and how much value it will bring. Guess we'll just have to wait and see.
And it really goes without saying, that the more infrastructure Big Tech companies like Amazon build on top of crypto, the more crypto they'll have to buy and hold in order to invest in themselves. Of course this investment in themselves also makes everyone else in crypto rich at the same time.
This is synergy at it's finest, and the exponential gains are clearly going to continue on for a while at this rate. The middle-man central bankers are being cut out of the equation, and corporations are now able to store their value in an asset gaining value every year rather than losing it. The honeypot is real.
Conclusion
It's been a minute since we've seen such unrelenting upward action. The fact that this is happening with so little volume means the sellers are still absent and the diehard holders are in full control of this market once again. Expect this trend to continue at least until we get to $45k. Think of all the bears out there that are about to turn bullish. There's quite a few of them out there. Exciting times.
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"I'm sure some investors won't even notice that this happened until tomorrow"
I stay glued even in the middle of the night for information as these, and just after going through the 'year of maximalist' I found this.
Just when I felt we would hit another low say from that 30k mark to a 20k so I could invest a little we fly right up again.
Its good to see Amazon join the train.
Bitcoin (BTC) increased 11.91% in the last 24 hours, moving above $38 000 USD. It will probably go above $40 000 USD soon.
Thanks for this,👍 am closely watching
they need some really bad news to drop it down now. serious FUD.
Don’t jinx it 🙃
I wonder where all the FUD BTC articles went. They are rare when the market is green but 40k is a nice number. I am a little skeptical but I believe BTC in the long term so who cares what happens.
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Absolutely amazing! I don't mind the bull run. My numbers are looking alot better. Always I didn't put enough into the bear market. Such is life.
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I remember the excitement back in the day when Overstock adopted crypto payments - I think it was in 2013 and it was the precursor to the big bull run that happened that year. (The other big event that year was Cyprus seizing the savings from their citzens in a "bail-in" and some company's payroll cash that was sitting in their current account ready to be paid out as wages got seized too - and people suddenly saw the benefit of having your own wallet).
So yeah, Amazon enabling crypto is another big milestone on the crypto journey.
Fantástics news , we hope this could carry our Cub to the moon.
Imagine when amazon accept hive as payment method.
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Most of the well established companies will have their own tokens in a few years, probably all of them under the radar of CBDCs, but hey... that's crypto. Meanwhile enjoy the ride and don't forget to take profits time, I know I'm going to do that.
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That is going to be a game changer if Amazon starts accepting crypto. I feel like it is so huge I can only wrap my head part way around it. Does Alibaba already accept crypto? That would be huge too.
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You never know the end story
of crypto. Sunday seems like
a sleeping current where Monday
could wake at the wrong side of the bed.
!BEER
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BEER.alright edicted, I am going to officially wager with you for 10 Hive that this is in fact rather the next silicon rally than a confirmed break out to the market top. This is my scenario:
Are you in? 😎
I don't think this rally is because of bezos though. It is a middle summer bull market, we will continue up the coming weeks to 50000 levels, stay there some time, and in Q4 break off again and who knows where.
could be, but I remember the "paypal" rally was very similar as well. When institutions adopt crypto there has always been a rally so far. I'll post later today why I think 45k is tops
Disbelief.... thanks for confirmating
we'll talk again in some weeks ;) (I am 75% in the market btw)
I think the reality is elon bottomed to much the market and we went to high with 65000 levels and went too low with the 30000 ones. Now we are in the real price level I think, from market sentiment overall. From here the price can inflate to the moon or bottom a bit more but it will quickly recover.
yes, it's a possibility. I'm clinging to my scenario a bit because it would work out so well in a macro sense... but the market doesn't care about that often ;)
It looks like the pendulum is on it's way up.
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Very exciting times. :)
"Eat my shorts, shorts." Hah. I wasn't allowed to watch the Simpsons as a kid. too edgy for my parents. What an innocent time that was.
TO THE MOOOON!!!
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