Now we saw the Business Insider article on the price of Bitcoin and Bitcoin on google trends
The current price of bitcoin has a 91% correlation with the volume of Google search requests for bitcoin-related terms, according to a study by SEMrush, a search engine marketing agency.
With the price not being able to break out and slowly trending down we could be heading for a bear market, one thing to note however that the overall trend is still bullish. If we are heading for a bear market lets look at google trends for shorting Bitcoin. Below is a snippet of google trends for shorting Bitcoin in the US.
US google trends on shorting Bitcoin
Let's look at trends worldwide
Seems like Singapore is hella bearish on Bitcoin while the US seems a little bit less pessimistic. I'm always a hodler but I like to short during bear markets in order to accumulate more BTC!
Hope you got something out of this!
This is not financial advice, do your own research before investing your hard earned money. If you felt you got something out of this please upvote, resteem, follow! Thank youu!
Just getting my head around all this. Thanks for the post.
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