Major sentiment-reversal signal on 12th November for Bitcoin was again proven correct – resulting in a gain of almost 40% in around a week

We track millions of social media posts and use machine learning to determine sentiment for hundreds of cryptocurrencies in real-time. Below is real-time sentiment of tweets for Bitcoin over the last ten days.  The real-time sentiment of Bitcoin suddenly made a major sentiment reversal in the evening of 12th November. As we have already posted in other such cases in the past this means a major signal for the price and indeed the price of Bitcoin has since then rallied from 5998 USD to 8179 USD for a gain of 36% in just one week. Another great BittsSignal from our real-time sentiment at just the right time. For other similar examples of how our real-time sentiment helped in recent upturns and downturns of Bitcoin and other cryptocurrencies see our BittsSignals posts. You can get access to real-time sentiment and many other advanced information about hundreds of cryptocurrencies by subscribing to our BittsAnalytics platform. More information is available at our website www.bittsanalytics.com

 

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