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Bitcoin (BTC) Sentiment Holds Steady Despite Falling Google Searches and Article Counts

May 24, 2019

 

Better Research, Better Investments.Better Research, Better Investments.
Better Research, Better Investments.Better Research, Better Investments.

 

  • Bitcoin's (BTC) Network Value to Transaction Ratio (NVT Ratio) rebounded from depressed levels seen last week, suggesting the coin is trading at a more expensive premium. Right now, we would stay away from buying BTC over the short-term. 
     
  • Looks like BTC's volume, Google searches, and article count peaked early last week with all three metrics trending downwards since. 
     
  • Despite falling Google searches and volume, BTC's overall sentiment is holding steady. As can be seen in both the Overall BTC Social Sentiment and Average BTC Article Sentiment charts below, levels observed this week appear to be on par with those observed in the week prior. 

Bitcoin (BTC) Volume - Last 30 Days

Bitcoin (BTC) Volume - Last 30 Days

Average Bitcoin (BTC) Article Sentiment - Last 30 Days

Average Bitcoin (BTC) Article Sentiment - Last 30 Days

Bitcoin (BTC) Article Count - Last 30 Days

Bitcoin (BTC) Article Count - Last 30 Days

 

 

We Crunch the Numbers, You Make the Trade.We Crunch the Numbers, You Make the Trade.
We Crunch the Numbers, You Make the Trade.We Crunch the Numbers, You Make the Trade.

 

Overall Bitcoin (BTC) Social Sentiment - Last 30 Days

Overall Bitcoin (BTC) Social Sentiment - Last 30 Days

Bitcoin (BTC) Google Trends - Last 30 Days

Bitcoin (BTC) Google Trends - Last 30 Days

Bitcoin (BTC) Network Value to Transaction Ratio - 10-Day EWMA - Last 30 Days

Bitcoin (BTC) Network Value to Transaction Ratio - 10-Day EWMA - Last 30 Days

 

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