Mining Tweets to Predict Future Bitcoin Price
This work addresses the need for better cryptocurrency price prediction tools for investors, but it appears incremental as it builds on existing social media analysis methods.
The study tackled the problem of predicting Bitcoin price fluctuations by analyzing Twitter data, achieving a correlation between social media conversations and price movements.
Bitcoin has increased investment interests in people during the last decade. We have seen an increase in the number of posts on social media platforms about cryptocurrency, especially Bitcoin. This project focuses on analyzing user tweet data in combination with Bitcoin price data to see the relevance between price fluctuations and the conversation between millions of people on Twitter. This study also exploits this relationship between user tweets and bitcoin prices to predict the future bitcoin price. We are utilizing novel techniques and methods to analyze the data and make price predictions.