#Bitcoin reaches new 2012 high at 12 $ today. Up 110% over the past 2-3 months

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#Bitcoin reaches new 2012 high at 12 $ today. Up 110% over the past 2-3 months

The predictive value of the Bitcoin Bull Bear Index is compelling. In April 2011, the BBBI exceeded 50 for the first time and this was the starting point of a huge bitcoin price rally from 0.58 $ to 31.9 $ in June 2011. This was a whopping +5,402 % rally. This is a good example that when sentiment gets very bullish, there is typically much more upside: Rule 2. The BBBI made a new low of -40 on August 7, 2011 when bitcoin prices were at 7.72 $. Since then, this indicator never moved below -40 anymore, despite the fact that bitcoin prices fell another -5.7 $ (-74%) to 1.994 $. Again, this is a good example of Rule 2: sentiment turned very bearish and kicked off more downside. Now to examples of Rule 1: After a massive rally, people interested in bitcoins got so euphoric that the BBBI indicator reached 81 on June 5, 2011. At this time, we called an impending top in our subscr...

Full article: http://www.bitcoinbullbear.com/

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@BitcoinAnalyst » 05 Sep '12, 6am
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#Bitcoin prices in tight range. Volatility will increase again in the next days. [link]
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#Bitcoin charts update: $BCOIN held major support [link]
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@BitcoinStarter » 09 Aug '12, 10pm
RT @BitcoinAnalyst: #Bitcoin reaches new 2012 high at 12 $ today. Up 110% over the past 2-3 months [link]
@BitcoinAnalyst » 09 Aug '12, 10pm
#Bitcoin reaches new 2012 high at 12 $ today. Up 110% over the past 2-3 months [link]
@Bitcoiner1 » 29 Aug '12, 11pm
RT @BitcoinAnalyst: #Bitcoin prices in tight range. Volatility will increase again in the next days. [link]
@bitcoinmoney » 20 Aug '12, 10am
RT @BitcoinAnalyst: #Bitcoin charts update: $BCOIN held major support [link]
@bitcoinnews » 20 Aug '12, 10am
RT @BitcoinAnalyst: #Bitcoin charts update: $BCOIN held major support [link]
@ChrisAgorista » 09 Aug '12, 11pm
RT @BitcoinAnalyst: #Bitcoin reaches new 2012 high at 12 $ today. Up 110% over the past 2-3 months [link]