The correlation between Google search and price movement
Analysts are now supporting their predictions using the Google search volume. Their assumptions are purely based on the number of people putting the bitcoin keyword into Google Search. According to estimates, Google search for bitcoin soared sharply in December. The worldwide searches for bitcoin tripled in December compared with the previous month. The strategy looks to be effective, considering the correlation between price movement, trading volume, and google searches.
Colas, the first analyst to follow bitcoin said, “Google search patterns can forecast bitcoin’s future. He said …
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