Bitcoin is Finally Trending Up in Google Trends
Bitcoin is finally trending up in Google Trends after being stuck at a low for most of 2018. In general the price of Bitcoin has directly correlated with Google trends.
Crypto Search Trends are Trending up Again!
Crypto search trends are finally trending up again after a “search term correction” started in the winter as crypto prices started to drop. Although its too early to say for sure, this is potentially a very bullish sign when considered alongside the price and volume data.
Crypto Search Trends Aren’t up, But Big Players are Entering
Crypto search trends are down considerably from the run of 2017 – 2018, and while there is a slight uptick in new retail adopters, most of the new blood seems to be institutional investors.
Crypto Search Interest is Way Up and Showing a Correlation With Prices
Crypto search interest and so are prices. Google search interest has been a reliable indicator of crypto sentiment, typically an increase in search interest correlates with an increase in price.
Will Bitcoin Go Back Up?
No one knows if Bitcoin will go back up or not. However, historically Bitcoin has been subject to a number of booms and busts and recovered to from new highs each time. The same is generally true for most altcoins that stood the test of time, although some never reclaimed their all time highs.
Some Pros and Cons of Cryptocurrency (from the Perspective of March 2018)
Cryptocurrency is full of risks and rewards. Thus, it stands to reason it carries with it a number of pros and cons. Here are some pros and cons of crypto to consider.
Search Volume for Crypto Terms has Been Correlating With the Price
Search volume for cryptocurrency related terms has been correlating with the value of the cryptocurrency market over time. The same is true for the term Bitcoin and Bitcoin’s price.
BTC Corrects and Drags Alts Down, But Still Setup for Bull Run
Bitcoin went into correction mode after losing some steam this weekend, it predictably took alts down with it. However, there is still a nice setup across the board if some key levels can hold.
Opinions on Why Bitcoin Keeps Bottoming Out Between $6k – $7k
Bitcoin has been bottoming out between $6k – $7k since its high. This can be explained in a few ways, including by the cost of mining and by some technical factors.
Is the Market Being Manipulated Due to Futures Contracts?
There is a theory that the Bitcoin market is being manipulated by investors who hold futures contracts. The idea being that this explains the price action of 2018. I discuss that theory and offer opinions on it.