Reprinted DataTrek Report on IntelAlley:
“#1. There is little momentum in the 2 key indicators we watch to predict future price moves:
- US Google searches for “bitcoin” are at their lows for the year just now, down 93% from their December 2017 highs.
- Worldwide searches are at similarly low levels, down 91% from their highs.
- September bitcoin wallet count will come in at about a 2.3% growth rate. This is slower than August’s 4.1% growth rate and July’s 4.7% rate.
- Takeaway: there is little interest in the space just now, which explains the recent difficult performance across most cryptos.
#2. Even with that decline in engagement, bitcoin is still by far the most recognized crypto currency”….
Read the whole report here on IntelAlley!