The Square is buzzing about “Bitcoin back above $84,000” (363K views).
Discussion heat is just a measure of attention. I look at three details:
· Is the discussion one-sided, or are people arguing?
· Is the topic just taking off, or is it already everywhere?
· Are $BTC ’s volume and price moving in sync?
One-sided discussion plus a topic that’s everywhere often means the short-term peak is near; disagreement when a topic is just starting may mean it has more staying power.
$BTC is currently at 81821.27, down 2.32% over 24h. Let’s see how it goes.
#BTC
Discussion heat is just a measure of attention. I look at three details:
· Is the discussion one-sided, or are people arguing?
· Is the topic just taking off, or is it already everywhere?
· Are $BTC ’s volume and price moving in sync?
One-sided discussion plus a topic that’s everywhere often means the short-term peak is near; disagreement when a topic is just starting may mean it has more staying power.
$BTC is currently at 81821.27, down 2.32% over 24h. Let’s see how it goes.
#BTC