Bitcoin (BTC) price and search scores on Google Trends are fairly correlated metrics, as a growing market interest for the leading cryptocurrency can be reflected in both higher prices and more searches for ‘Bitcoin’ on Google.
In the last two years, Bitcoin has traded in a downtrend, going from as high as $69,000 in November 2021 to as low as $15,400 per BTC in November 2022. Currently, Bitcoin is trading in a consolidation range from $24,700 to $31,800, since March 2023.
Despite the year-over-year price recovery from this cycle’s lows and historical correlation within Bitcoin’s performance on Google Trends, the search score for the word ‘Bitcoin’ reached new lows on October 12, currently resembling 2020’s levels of interest.
Particularly, data retrieved by Finbold from Google’s platform shows a score of 14 for this current week. It is important to say that the week is not finished yet, so the score can increase until October 14.
However, the previous week’s scores o
We współpracy z: https://finbold.com/google-search-volume-for-bitcoin-returns-to-2020-levels/
