Bitcoin Google Trends Lagging Behind Price as a Bullish Sign
According to my analysis, there’s a significant correlation between Google trends (the frequency of Google searches) and the price of Bitcoin.
Coincidentally, lower volumes of Google searches signify quiet times in the market from the retail perspective.
Since March 2024 there’s been a decline in Google searches for Bitcoin. This can be interpreted as a lower interest from retail. However, the retail interest trails the price, meaning that we expect Google trends to grow next month.
This can be seen as positive as a low volume of searches mean that the retail is waiting on the sidelines and will "FOMO" soon.
Coincidentally, lower volumes of Google searches signify quiet times in the market from the retail perspective.
Since March 2024 there’s been a decline in Google searches for Bitcoin. This can be interpreted as a lower interest from retail. However, the retail interest trails the price, meaning that we expect Google trends to grow next month.
This can be seen as positive as a low volume of searches mean that the retail is waiting on the sidelines and will "FOMO" soon.
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