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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Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.