RATE Group | Bitcoin Ready to Explode, According to This Key Metric
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Bitcoin Ready to Explode, According to This Key Metric

17 Feb Bitcoin Ready to Explode, According to This Key Metric

Posted at 19:49h in Cryptocurrency News by

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  • Crypto enthusiasts are still divided on whether the halving is already priced in.
  • Google Trends data reveal that the search term “bitcoin halving” is gaining traction.
  • Analysts believe that bitcoin will soar after the halving generates media hype.

The highly-anticipated bitcoin halving is months away and many traders are still undecided whether the event is priced in or not.

To provide some context, the top cryptocurrency is up by over 50% from the 2019 bottom. In the previous two halvings, bitcoin soared by at least 2,902%. It’s very unlikely that the reduction of mining rewards by half is priced in.

Pomp is convinced that the halving is not priced in. | Source: Twitter

The hype over the halving is accelerating as Google Trends data reveal that the topic is just starting to gain traction.

Search Interest for ‘Bitcoin Halving’ Is Accelerating

The correlation between cryptocurrency investor attention and bitcoin price action has been…

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