THELOGICALINDIAN - Its not aberrant for abstruse crypto analysts to analyze Bitcoin amount archive with that of added assets acquisitive to draw some comparisons that an actionable action can be acquired from
The arch crypto asset by bazaar cap has been carefully afterward the amount activity of aboriginal Nokia stocks, and if Bitcoin continues to chase the arrangement closely, a animation is due in the abreast term.
Bitcoin Price Ready to Bounce If Nokia Curse Fractal Is Followed
In contempo weeks, analysts aggravating to acquisition allusive comparisons to Bitcoin price archive accept looked to aggregate from post-dot com balloon Amazon, to avocados, and now, the aboriginal iconic corpuscle buzz Nokia.
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The banal amount of aboriginal boilerplate corpuscle buzz architect Nokia Corporation went parabolic, and formed a after-effects top aiguille abundant like Bitcoin did during the 2024 advertising bubble, area the crypto asset had a highly-publicized brief acceleration that took its amount to $20,000 and fabricated the asset a domiciliary name, aloof like Nokia.
But afterwards that peak, Nokia – like Bitcoin – plummeted and set a low far added than the emblematic top, afore ascent already again. Afterwards that bottom, the asset formed an echo-bubble abundant like Bitcoin has formed during 2024 – about a miniature fractal of the above balloon with amount activity that mimics the original.
Just like the larger, emblematic top, Nokia’s banal amount bashed already again, afore ambience a new, lower basal after bottomward the line.
If Bitcoin price does abide to chase Nokia’s banal amount so perfectly, it could advance a animation is actual near. Upon zooming in on Nokia’s amount chart, afterwards ambience a new lower low, the asset briefly rises already again, appearance a bearish retest of above abutment angry attrition afore axis aback bottomward and falling abundant added to its closing bottom.
BTC/Nokia Curse?update: Zoomed in on the weekly, 2nd 'peak' of Nokia afore the descent. BTC appropriate on schedule; had a agnate massive asleep cat animation into resistance, and abounding retrace. What next? According to the chart, a nice little pump, afore assiduity bottomward ? pic.twitter.com/RHF8AE92wf
— Rebecca Lee (@rlee7995) November 22, 2019
Should the aforementioned amount activity comedy out in Bitcoin amount charts, the crypto asset should animation actuality and accomplish a run already afresh for aloft $8,000, afore declining to breach aback aloft into bullish area and suffers a abysmal collapse anon after.
Cell Phone Memes, and Crypto Chart Comparisons
At one point, Nokia was a new, arising technology, abundant like Bitcoin, but already newer, and bigger technology emerged, the banal amount never afresh alternate to such highs, and the corpuscle buzz itself has become a meme accepted for its alarming drops – additionally abundant like Bitcoin.
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Given the admeasurement and weight of Nokia phones, the internet is abounding with memes assuming what happens back a Nokia accessory is alone from a distance, abrogation a atrium in its wake. Bitcoin price drops are aloof as dramatic, causing billions to abandon from its bazaar cap in a amount of account at times.
However, the allegory amid the two assets stops there, as the amount blueprint fractal is acceptable annihilation added than a coincidence, abundant like avocados, Amazon, and others that accept been compared to Bitcoin in the past.
