losing interest over recent months. The significance of a spike in bitcoin searches may seem trivial at face value, but studies have shown there is a connection between the price of the cryptocurrency and its search interest. Indeed, bitcoin searches sky-rocketed on Tuesday as investors, traders and the media alike were searching for reasons as to why bitcoins price surged. Click here for a real-time bitcoin price chart. Google, based on bitcoin's trading history, a move above the 200-day moving average for bitcoin is meaningful statistically Fundstrat researchers wrote in a note to clients.
Fundstrat Global Advisors found that bitcoin closed above its 200-day moving average for the first time in more than a year on Tuesday, thanks to its huge price rally, and said this could lead to a near 200 increase in the bitcoin. Trading back above 5,000, more eyes are on the worlds largest cryptocurrency, bitcoin, than have been in nearly 19 weeks, a fact affirmed as worldwide Google searches for bitcoin currently hover at levels not seen since Nov. Again, nobody knows for sure! By clicking continue below and using our sites or applications, you agree that we and our third party advertisers can: transfer your personal data to the United States or other countries, and process your personal data to serve you with. Why did Bitcoin Break its All Time High on November 5, 2013?
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