The latest Google Trends data suggests that the downward trend in Bitcoin price may have found a bottom and could be reversing to the upside.
Google Trends: A Harbinger for Bitcoin Price?
Bitcoin price hit its all time high in mid-December, touching $ 20,000 USD. Thus, it will come as no surprise that the amount of people searching for ‘Bitcoin’ on Google also peaked at the exact same time.
Trends data is an anonymous, categorized, and unbiased sample of Google search data. It tracks trillions of searches per year , making it one of the most useful, real-time data indicators of human interest by region and category.