$BTC You thought you already knew all the indicators of #Bitcoin , didn't you?! You thought wrong!
Google Trends is a tool that reveals global interest in various search terms on Google and YouTube. Since these platforms are the largest in the world, analyzing what people are searching for can provide important insights into market trends
In the case of Bitcoin, there is an interesting correlation between price spikes and increases in searches for the term 'Bitcoin'. Historically, market tops in 2013, 2017 and 2021 coincided with peaks in interest on Google, indicating a correlation #BTC
This relationship is logical and understandable! As the price of Bitcoin increases, so does curiosity and desire to invest, leading more people to search for information online. Currently, we are far from a new peak in searches, suggesting that we have not yet reached the next all-time high. While it is uncertain whether we will surpass the 2017 record, it is likely that we will surpass the 2021 record
This indicator, although simple, offers an interesting perspective on market dynamics and can help predict future movements, don't you think? Did you find it interesting?