Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion

So guys, how does the heatwave in Europe affect BTC price?

minimally. but do you think it does somewhat? why then?

I was looking at historical snapshots and noticed what may either be a trend or simply coincidence since BTC price is so volatile.
During the heatwave last year (21-28 July), BTC dropped more than 1000Usd. Same thing happened during the heatwave in 2018.
I am referring here strictly to Europe.

Coincidence.
Get enough data sets and you can come up with all sorts of weird correlations.
To repeat the old adage....Correlation is not causation.

Not causation, agreed. It's still correlation though. If so, one could be used as a predictor for the other - even without a hint to the actual cause(s).