Bitcoin Social Sentiment

Neither this post nor any other post on cryptofal.com should be taken as financial advice. It is not.

The weighted social sentiment is a good indicator of the overall positive and negative social media sentiment. This means that when there is a high amount of social volume that is mostly positive we will see a spike in the weighted sentiment just like we are seeing in today’s chart. The same is true for the opposite when there is high social volume but the sentiment is negative there will be a downward spike. This is good to see how investors are currently feeling and how it influences price action. Generally when sentiment is positive so is the price action of Bitcoin and when it is negative the price is usually trending down. We can see that here as well with a big spike in positive sentiment over the last few days being confirmed by the rise in price of BTC.