Manoj B Rawal
Independent Analyst
- Bitcoin as trend search on Google doubles this week.
- Shows intereste in BTC rises with prices rallying.
Bitcoin, the poster boy of cryprocurrencies and the uncrowned King of the alt coins, has seen the interest rising as the term "Bitcoin" in Google search trends has seen twice the rise from previous month as the price of the largest crypto spikes.
BTC/USD is up more than a percent on day at $5,117 on day in the thinly traded weekend Sunday trading and the price has rallied more than 25 percent in the gone by week alone, resulting in rising interest among the investors as it shows in the Google trends.
This shows how the price of the coin is linked to the interest among the investors and the more the price rallies, the higher would be interest among investors to search for the news and views around the asset class.
As mentioned by this author on Saturday, in purely technical parlance, there is every likelyhood of the price rallying further by about 1,000 points more from here. (Read previous article here)
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