From Twitter:
Blockchain Daily‏ @blckchaindaily 23h23 hours ago
#Bitcoin Surpasses $5,600, Forming First Bullish Golden Cross Since October 2015.

Some are confident more gains are on the horizon, while others continue to downplay the overall viability of the digital currency. “The technical picture for [bitcoin] is looking increasingly bullish on the daily charts with the fabled bullish ‘golden cross’ slowly coming into play,” said research analyst Lukman Otunuga, in a review by MarketWatch.

A “Golden Cross” refers to an instance where an item’s 50-day moving average and its 200-day moving average meet. It is considered an “an infrequent event where short-term momentum overtakes a broader longer-term trend,” according to MarketWatch. It may be difficult to pinpoint what may have caused the recent uptick in value. Mati Greenspan, senior market analyst at eToro, said that without pointing to one particular “catalyst,” individuals may just be gaining, or perhaps regaining, confidence in Bitcoin.

“During the bear market, there were a lot of people who sold their crypto in fear of lower prices. Those people didn’t really go away though, they’re simply standing on the sidelines waiting for the return of a bull market,” wrote Greenspan on eToro.

However, others like crypto-skeptic Nouriel Roubini, an economics and international business professor and Robert Stansky Research Faculty Fellow at New York University's Stern School of Business, remains unmoved by the surge. Roubini, speaking with the @OctavianReport, called the entire industry overrated and has argued against long-term viability of several financial technology trends.

From Twitter:
The Octavian Report @OctavianReport
#Crypto is bunk and the #blockchain is "the most overrated technology" ever, says @Nouriel in his brilliant latest for @OctavianReport.

In a Forbes article, Kevin Dennean of the Swiss bank UBS warns expectations need to be tempered. Comparing Bitcoin to the Dow Jones following its recovery after the 1929 stock market crash, Dennean says it would take more than two decades for Bitcoin to reach back to its peak levels.

Bitcoin on Amazon Comes at the Hands of the Lightening Network and Moon

In related news, as the result of Moon and the Lightning Network’s efforts, shoppers will be able to use Bitcoin to buy products on Amazon, according to an article from AMBCrytpo. Other cryptocurrencies like Bitcoin Cash, Litecoin and Ethereum can be used through Coinbase.

Last week, Ethereum World News considered the possibility Japan’s Rakuten, which recently set up a system allowing buyers to use the crytpotcurrency, could nudge Amazon in that direction. Now, Amazon users will be able use their Bitcoin to make purchases much like Rakuten shoppers.

According to AMBCrypto, Moon, a payment processing startup, will operate a browser extension that uses a “Lightning Network-enabled wallet” to let users make cryptocurrency transactions.