BPTE: Bitcoin Price Prediction and Trend Examination using Twitter Sentiment Analysis

Abstract

Natural Language Processing (NLP) is a challenging and evolving field with the potential of mushroom growth. This technology is expected to assume a pivotal role in bridging the gap between human communication and digital data. In line with that, NLP-driven sentiment analysis has become an attractive research area. On the other hand, bitcoin, arguably the most valuable cryptocurrency, has gained popularity as a major source of investment. In this paper, we propose a framework to perform sentiment analysis on Twitter data. We outline the method and results of predicting bitcoin price for a few days in the future. The framework is expected to be helpful in making informed decisions about our investments and policy based on anticipated future trends.