Can Google Trends Predict The Last Bitcoin Leg Up?
The Google trends data for the search term “Bitcoin” shows that the curve today is similar to that of the 2017 bull market. Can Google Trends Predict A Bull Market? As pointed out by Twitter user Bitcoin Archive, the Google Trends graph for “Bitcoin” matches up with the last leg up for the 2017 bull […]
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There is evidence from Google Trends to suggest that internet searches for Bitcoin price can help predict major market movements to the upside.
Google search data can predict the price of bitcoin, new research has found. Academics from the University of Cagliari, Italy, compared USD trading volume with data from Google Trends in the 12 months leading up to July 2015. The results, detailed in their new paper, indicated that search volumes for the keyword 'bitcoin' correlated with - and sometimes predicted - the currency's market volumes. Using a Pearson correlation, which shows the relationship between two variables on a scale of -1 (lowest) to +1 (highest), Martina Matta, Ilaria Lunesu and Michele Marchesi found a positive....
22 days ago, Bitcoin.com News wrote about a Coin Insider trends study that combed through Google Trends data in the United States. According to the report, dogecoin was the most Googled cryptocurrency in the country. Another study — published by askgamblers.com — has covered similar data, but concentrated on the U.K.’s and Europe’s Google searches. According to the report, while bitcoin is the most popular crypto asset in Europe, the study of the trends shows that the meme token shiba inu is the most popular in the United Kingdom. Trends Study Highlights the....
While bitcoin, non-fungible token (NFT) assets, ethereum, and cryptocurrencies had an incredible year in 2021, none of the trends made it into Google’s “Year in Search” review. Currently, interest in bitcoin, in terms of Google searches has dropped considerably since the week of May 16th through the 22nd of last year. Search trends for the term “bitcoin” have slid 72% since it scored the highest score of 100 last May to today’s score of 28.
Worldwide Search Queries for ‘Bitcoin,’ ‘Ethereum,’ and....
Despite the recent big move in Bitcoin price, Google trends reveal general interest in the cryptocurrency still remains low. Google Trends For The Search Term “Bitcoin” Show Low Current Interest BTC recently had a sharp move up where the price crossed the $55k mark for the first time since May. However, despite such an increase, […]