Bitcoin Price: Social Media Indicators Suggest Bears May Be Lurking

By CCN: Augmento is an artificial intelligence platform that analyzes trends and data to “augment human decision-making.” The firm posted the results of its look into the bitcoin bear market today with an eye toward determining if crypto winter is truly over. Social Media Reveals Feelings Toward Bitcoin Augmento’s algorithm categorizes social media mentions of cryptocurrency in several ways – everything from “FOMO” (fear of missing out) to “annoyed.” The company believes that for a bull run on the order of 2017 to take place again, sentiment must reach a point of calm. They write: “First of all, we find

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Bitcoin Price Will Reach $1 Million in 2020, Or You’re an Idiot: John McAfee

By CCN.com: $1 million. That’s what John McAfee believes each bitcoin will be worth by the end of next year. And McAfee better be right, because if the bitcoin price isn’t at that level in the next 20 months, he will have to eat his d**K on national television. so 1btc 500k $ within 3years? — ϻ 🔺 𝔤 𝔲 𝔯 𝔞 (@__MagUra__) July 17, 2017 Well, that’s what he had said three years ago when he first claimed that the bitcoin price was going to $500,000 by the end of 2020, before doubling down on his projection a few

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Bitcoin Bulls Stampede Bear Market Amid Major Dow Rally

Bitcoin surges 15 percent in 24 hours as the crypto bulls put the bears back in their place. The sudden rush of blood marks an end to a 3-month period of relative price stability for the OG crypto. Bitcoin’s Stable Streak Comes to a Positive End Bitcoin had enjoyed a stable period over the past few months, barely moving outside of a trading range between $3,800 – $4,200. That all changed today as BTC surged to $4,770. At press time, bitcoin is up over 15 percent according to Coinmarketcap. The magnitude of the upswing is possibly best illustrated by its

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Bitcoin Price Won’t Do Diddly Squat Until This Graph Reverses

Public curiosity about cryptocurrency and bitcoin has declined bigly over the last year. Google Trends search interest over time for “cryptocurrency,” “bitcoin,” and “bitcoin price” queries is respectively 26%, 36%, and 29% of what it was last March. Google doesn’t publish the number of searches, but that is a massive drop off from whatever number of searches these terms were getting a year ago. Google Trends “Cryptocurrency” Interest Over Time Google Trends “Bitcoin” Interest Over Time Google Trends “Bitcoin Price” Interest Over Time Search Interest Tends to Follow Bitcoin’s Price Big and sudden increases in bitcoin’s price garner greater amounts

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This Bullish Crypto Trader is Predicting a ‘Breakdown’ for Bitcoin Price Tomorrow

According to a trader who offers professional consulting and provides an altcoin signals service via Telegram, Bitcoin is very likely to “breakdown” by tomorrow. Alan Masters published an idea to Tradingview late last night encouraging everyone to “secure profits” and play some wait and see. He provides the following chart: According to Masters, the volume is dissipating in Bitcoin markets, which is indicative of a massive change impending. Combined with “mostly sideways-bearish action,” and negative technical indicators, Bitcoin is likely to drop hard. Hedging his own predictions, Masters says: We always say that Bitcoin tends to do what nobody expects.

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The Simple Reasons Why the Bitcoin Price Will Never Go to Zero

By CCN.com: This publication recently covered a talk at Davos in which Jeff Schumacher claims the Bitcoin price is on the way to zero. In this article, we discuss two simple reasons why this is an impossibility. As CCN’s Christina Comben writes: Schumacher is a top investor and relative veteran in the space. He told

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Newsflash: Bitcoin Price Falls Near $3,750

Bitcoin price retreated below $4,000 for the first time this week to trade near $3,750 during Thursday’s early trading period. The price of bitcoin, the world’s first and foremost cryptocurrency by market value, was trading at $4,036 (Bitstamp) at 07:00 UTC on Thursday before a precipitous fall leading to a drop of nearly $300 in

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Bitcoin Can Be Worth a Lot or Zero: Money Manager Bill Miller

The bitcoin price has the potential to be worth a lot — or it can tank to zero, says Bill Miller, the founder of Miller Value Partners in Baltimore, Maryland. “I like bitcoin because it’s not correlated with [the stock market],” Miller told CNBC (video below). “It does have the potential to be worth a lot,

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Bitcoin Price Smashes Through $4,000 — Is a Breakout Imminent?

The bitcoin price on Sunday surged as high as 7.7 percent against the US dollar backed by a bullish yearly prediction. The bitcoin-to-dollar rate established its intraday peak at $4,085 but underwent a minor correction action to trade at $4,051 at press time. The pair had been attempting to break through $4,000 since December 28,

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Bitcoin Price Rally Loses Steam Near $4,000 – Will Bulls Wake in 2019?

The Bitcoin price has spent the first day of this weekend struggling to get through the $4,000 mark. The digital currency attempted a bullish reversal on Friday, marking more than $300 worth of gains in just two hours. That hasn’t exactly changed any longer-term sentiments for the market, especially when it has dropped by more

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