Bitcoin twitter sentiment (based on 700k tweets & comments)

in bitcoin •  6 years ago  (edited)

btc_sent_v2.png

I took the data from my previous work and made a small illustration. I think It could help to understand the global picture. What I can see so far:

  • almost certainly we are not anywhere near capitulation: we need to pass an anger state
  • joy should be at the level of pre-2017 to make a full cycle
  • confidence almost zero! Probably, when confidence reappears, we could talk about a new bull-run.
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