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Anyone else find it odd the twitter hack had absolutely no impact on volume or price action on bitcoin?
I was watching the chart the whole day and bitcoin did not react what so ever to the international attention it was getting from the twitter hackers. I think it's a statement of how strong the hodlers are in their commitment to hold bitcoin, but conversely also a statement showing that there is not very much interest in buying bitcoin these days from professional traders, atleast at this price point. Professional traders could have hopped on and pumped this event up.
The predicted market value for bitcoin after May 2020 halving is $1 trillion, which translates into a bitcoin price of $55,000. A recently updated S2F model puts the BTC price (given 19M BTC in 2020–2024) at $288K. It suggests that the Bitcoin price could rise to $100,000 by the end of 2020 and then to $1,000,000 (one million) around 2024. Despite the false giveaways that got a lot of Twitter interactions, Bitcoin price did not increase. Currently, CoinMarketCap shows that Bitcoin only declined by 1.19% in 24 hours. The king coin is Market capitalization (often shortened to market cap) is the approximate total value of a cryptocurrency, typically shown in US dollars. The market cap of a cryptocurrency is calculated by multiplying the number of coins or tokens in existence by its current price. According to the recent statistics pulled from the high ranking social network, Twitter, it has shown that Bitcoin price positivity has reduced drastically. Recall that after Bitcoin underwent the halving event that happened in May in which the crypto saw its rewards reduced to half. Twitter, which is home to numerous Bitcoin analysts, witnessed so … Ethereum’s price is expected to reach $331, $3,549, and $3,644 respectively while bitcoin cash’s price should climb to $414, $6,690, and $13,016 during the same time periods.
OMG!! LOOK AT THE BITCOIN CHART!!!! JACK DORSEY OF TWITTER & LIGHTNING NETWORK!!!
Lets predict the price of Bitcoin using social media data from both Reddit and Twitter with the power of machine learning! We're going to use a technique called sentiment analysis to find the ... Despite volatile price action, a majority of Bitcoin in circulation remains inactive. According to data from Glassnode, a blockchain analytics firm, the percentage of coins not moved has reached ... The #Twitter and #crypto space is buzzing about what's likely to be the most significant hack in Twitter's history, when late yesterday afternoon, the accounts of major figures in tech, finance ... Bitcoin Technical Analysis & Bitcoin News Today: I'll use technical analysis on the Bitcoin price to make a Bitcoin price prediction. Watch the video to learn more! ... 🧢Follow me on Twitter ... BITCOIN and LITECOIN Technical Analysis Follow me on twitter: @CryptoSavy1 Please like and subscribe to the youtube channel, Thanks for your support! ... BITCOIN DAILY T.A. Crypto price prediction ...