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Author Topic: [Flash Report] Bitcoin Attempting To Resume Uptrend -- 12-04 New York Lunch  (Read 798 times)
BitcoinTraderFX
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December 04, 2013, 05:43:09 PM
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News is mixed. A few more references suggesting bitcoin is speculative like Tulip Mania (although I don't really agree, as Bitcoin is showing an adoption growth curve as opposed to speculative). But either way, news is mixed (as you can see below).

In addition, our Sentiment Analysis Engine is now online for bitcoin, so I'll be reporting that when I can as well. Currently based on the last 123 Articles/Posts analyzed, the sentiment is somewhat negative (which means, there are more news articles/posts speaking negatively about bitcoin, then positively). You can see that somewhat reflected in the articles listed below.

Bitcoin has pushed passed it's 1175 congestion zone into the 1200s which is a good sign. This happened when New York woke up, so it is most likely to large players purchasing bitcoin to satisfy business needs.

Hope everyone's day is going well, and will try to update thus report later this evening.

: )

cj


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