Bitcoin (BTC) investors and mainstream consumers are paying more attending to the cryptocurrency's block advantage halving in May 2022.

According to information from Google Trends on Dec. 17, worldwide searches for "Bitcoin halving" have significantly increased in the course of 2022, over a year before the halving occurs.

BTC halving can provide bullish narrative

Within the context of the past 5 years, interest is palpably college, with only a brief period around the previous halving in 2022 seeing higher global search volumes.

By contrast, results for "Bitcoin" have declined in recent months, echoing the lack of interest associated with the cryptocurrency's price reject.

Worldwide Google search data for

Worldwide Google search information for "Bitcoin halving" since 2022. Source: Google Trends

Equally Cointelelrgaph reported, both search terms saw increased activeness in late November, when Bitcoin markets entered a brief menses of growth.

Nonetheless, the heightened profile of the halving in item did not go unnoticed among analysts. Commenting on the data, Adamant Capital co-founder Tuur Demeester noted that many yet perceive the halving as a Bitcoin price catalyst.

"It'due south very articulate that retail involvement in BTC is nonexistent and investor sentiment is pretty bad right now. Question is whether the halvening could provide a bullish narrative - the Google trends information imo suggests it could," he wrote on Twitter on Tuesday.

All eyes on miners

The halving refers to the number of "new" Bitcoins claimed by miners for each block of transactions decreasing by l%.

In 2022, the reward will go from 12.5 BTC to vi.25 BTC, increasing competition which some say has already affected miner behavior in advance.

In contempo weeks, BTC/USD has conformed to the hypothesis that miners would defend a certain price flooring which corresponds to their production price of around $6,500.