We track millions of social media posts and use machine learning to determine sentiment of cryptocurrencies. Bitcoin sentiment has been rising since 6th February and has yesterday on 17th February reached levels last seen on 14th January. Would not be surprised if the rally stops a bit and the price consolidates for a while.

We assess this as a bit of a pause in price rally that started with a huge sentiment reversal on 6th February when the price was just 6200 USD. Read more about that bullish sentiment signal at around 6200 USDĀ  in our blog post from that period:

Trading hourly sentiment reversals in recent downturn – around 30% return on Bitcoin from 6th to 7th February

If you want to use data like this as an additional source of information to improve your cryptocurrency trading, you can start using BittsAnalytics platform by becoming our user: https://www.bittsanalytics.com/subscribe.php