Research on the correlation between Google Trends data and stock prices have found correlations between volatility and searches. But to see this direct relationship between actual prices and searches is pretty stunning.
Does this mean that an increase in searches indicates a price increase? It might of course very well be the other way around, that increasing Bitcoin prices lead to more attention.
2 comments:
If the relationship holds true, today's Google Trends data is a pretty strong sell signal
http://www.google.com/trends/explore#q=bitcoin&date=today%203-m&cmpt=q
This is cool!
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