BTC - "Buy Bitcoin" surging again on Google Trends!
Data from Google Trends showing that people may start flooding back into bitcoin
It appears people are starting to take notice of bitcoin recently taking out $10k.
As I type, bitcoin is holding steady around $10,300 and that's got people searching for bitcoin again.
Google searches for "buy bitcoin" have exploded in the last few days.
Check it out:
(Source: https://trends.google.com/trends/explore?geo=US&q=buy%20bitcoin)
We are already getting back to levels not seen since the $14k highs in June of 2019.
What does this mean?
Historically, an explosion in google searches relating to bitcoin often coincided with very large moves up.
Retail tends to FOMO (fear of missing out) in and drive prices to very high levels once bitcoin starts running.
This type of bounce in searches also adds credence to what we are seeing with wallet activity as well.
More about that can be seen here:
https://steemit.com/bitcoin/@jrcornel/btc-data-suggests-retail-is-aggressively-accumulating-bitcoin
The gist of it is that we are seeing more and more wallets holding at least 1 bitcoin in them.
In fact, we are very near all time highs.
Retail FOMOing in?
With those wallet addresses holding at least one bitcoin climbing and google searches also climbing, we have very good circumstantial evidence that retail is starting to make their way back into bitcoin.
The last time this happened the price ran all the way up to $20k in short order.
No guarantee that this kind of pattern repeats, but the fact that people are more aware of bitcoin now than ever before combined with easier ways to purchase bitcoin than ever before means we have all the right ingredients for a massive move up.
Bring on the stampede!
Stay informed my friends.
-Doc
That would be so great. I recently pulled out of stockmarket, as it behaves weird (no corrections for months) and got back into crypto :)
I am really confident with my new investments in crypto and some silver and some cash (CHF, not dollahs) :D
It seems like all the stars are aligning, we may witness a raging bull market with new all time highs sooner than anyone predicted. That's the way crypto has always been :)
That would be nice, but I actually don't expect new all time highs until a couple months after the halving. Which would put it after May some time...
After so many years bitcoin still going up and getting stronger day by day Altcoins price also increased I think blockchain and cryptocurrencies are very revolutionary innovation of this century and it's still good time to invest in real cryptocurrency projects like steem
I think a new bull run is on the air
This is excellent news. Im hearing the buzz on other forums with people remarking that their friends and family who never once talked to them about crypto are asking about it.
Myself included, although my inquiries consist of "Can I mine BTC with my comp?"
proceeds to pull out 1987 Spark Dataview
For sure it is Bitcoin season again!!
a new peak at BTC and as I see it it will increase more now but possibly it will be for a short period
Yea, past patterns indicate we are due for a pullback soon here.
What is it about adding another 0 at the end that gets people so rallied about something, its been rocking for some time its like people were just waiting for 10k before they pile in and squeeze. The race to the halving is clearly taking shape now
and its showing the trend following in prices too :)
It's great to see that we've got such bullish activity. We've got over 50% of the ATH price at only 10% of the ATH interest on Google Trends. I can't wait to see what happens when no coiners get FOMO again.
Hopefully that happens after we are over $30k and running!