Google Trend Sentiment Breaks Down, Will Bitcoin Follow?
Bitcoin is above $40,000, after starting the new year below $30,000, and less than one year ago trading at under $4,000. The asset’s trajectory has been “only up” but could Google search trends for the first-ever cryptocurrency breaking down be a sign that the bullish uptrend will soon as well? The Unstoppable Bitcoin Bull Run That’s Trending All Over The World The world is in awe watching the latest Bitcoin rally unfold. Soaring from under […]
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How do we measure something that's qualitative? Like the Bitcoin Public Sentiment, for example. The stats and data currently available on Bitcoin usage obtained from sites like Blockchain.info are largely - Quantitative data. These metrics can be used to measure the scope & vibrancy of the Bitcoin Ecosystem, such as transaction volume or network size. These technological measures, while extremely useful for measuring Bitcoin itself, cannot answer qualitative (I like to say squishy) questions about Bitcoin's public perception. - An excerpt from the "Bitcoin Public Sentiment Survey," by....
Bitcoin has gone into another rebound off an important resistance line and continues moving upward. The structure of the upward trend is safe for now, which means that the bulls are holding the advantage. In which case will the current trend end? Bitcoin’s market has undergone a similar scenario to the one that happened yesterday. A necessary prerequisite for a continuous movement of a trend is the safety of its structure. As long as the structure is intact, the trend holds and keeps growing from short-term into medium-term and so on. The disruption of the trend’s structure will indicate a....
As Bitcoin made a new all-time high above $68k, the crypto market sentiment changed to extreme greed. Periods of such sentiment have lead to corrections in the past, but will the trend be similar this time? Bitcoin Fear And Greed Index Starts Pointing At Extreme Greed As per the latest weekly report from Arcane Research, the fear and greed index is now pointing at extreme greed as BTC makes a new ATH. The fear and greed index is a Bitcoin indicator that shows what the current crypto market sentiment is. The metric uses a numeric scale that ranges from zero to hundred to display the....
Cosmos (ATOM) ranged in a wedge against Tether (USDT) as it builds more strength to break above the $12 key resistance. The price of Cosmos ATOM has shown bullish strength as the price breaks above resistance after ranging for days. (Data from Binance) Related Reading: Crypto Market Rally Stopped Short Ahead Of Reaching Full-Blown Greed Cosmos ATOM Price Analysis On The Weekly Chart From the chart, the price of ATOM saw a weekly low of $6.2, which bounced from that area and rallied to a price of $12, marking ten weeks of bullish strength from ATOM. ATOM weekly candle closed with a bullish....
Data shows that the sentiment of the Bitcoin market has switched to fear after the retrace. BTC has seen a $58,000 level during the past day. Bitcoin Fear & Greed Index Is Pointing At ‘Fear’ Now The “Fear & Greed Index” is an indicator created by Alternative that tells us about the general sentiment among the investors in the Bitcoin and the wider cryptocurrency market. Related Reading: Ethereum In Danger: Analyst Explains What Could Trigger Crash To $1,800 Market sentiment can be helpful to follow as it can reflect the cryptocurrency’s price. It sometimes....