CNBC as Reverse Indicator of Bitcoin Price ’95 Percent Accurate’159.36

Mainstream media network CNBC has become an unlikely Bitcoin hero this week after an analyst showed its bull and bear forecasts were, in fact, signs the cryptocurrency would do the opposite.

In a submission on TradingView, Jacob Canfield noted how various tweets from CNBC about Bitcoin going higher or lower coincided with abrupt U-turns in the cryptocurrency’s price direction.

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