Post
Topic
Board Speculation
Re: Bitcoin back to $7000 today?
by
bene_gesserit
on 17/08/2018, 18:03:46 UTC
The market sentiment is (still) too negative for a bull run. Look: https://enroyd.com/btc_sentiment/
You remember that study published by Yale? https://cointelegraph.com/news/yale-research-proposes-factors-for-crypto-price-prediction
This is what they found out:
"Apart from the momentum effect, the Yale researchers mention the factor of investor attention, which is a correlation between crypto prices and the number of posts and queries for cryptocurrencies on social media and in search engines."

Hence, as long as the market sentiment doesn't improve, I don't think we'll see a huge bull run.

What do you guys think?