Bitcoin Halving Mentions in CryptoMedia Correlate With Bullish 2020 Price Action

[zendicator]

After evaluating data derived from crypto publication headlines, digital asset alternative data provider The TIE discovered a correlation between Bitcoin’s price in the market and mentions of the upcoming halving in media outlets.

“We noticed how, as mentions of the halving were decreasing last fall, that tended to correlate with downward price movement,” The TIE CEO Joshua Frank told Cointelegraph on Feb. 25. “Once that narrative picked up again, Bitcoin saw upward price movement,” he continued.

On Feb. 22, The TIE tweeted a chart showing the correlation. “The number of mentions of the halving in crypto publications appears to have led price movement of BTC,” the social media post said. “Mentions of the halving have hit an ATH.”


Source: https://cointelegraph.com/news/bitcoin-halving-mentions-in-crypto-media-correlate-with-bullish-2020-price-action