Bitcoin Google Search Interest Falls to Five-Year Low
Edited by Steinar Vigdel Kolnes, Editor, Oslo
Google search interest in bitcoin has reached a five-year low, with some traders comparing the decline with previous periods of price stabilization.
Google search interest in “bitcoin” has fallen to its lowest level in five years, according to Bitcoin.com News.
Some traders point to the two previous occasions when interest reached similarly low levels, noting that bitcoin’s price established a more stable floor around those periods.
Google Trends measures relative search interest on a scale of 0 to 100, rather than reporting the total number of searches. The low reading therefore reflects weaker relative interest, not a specific search count.
The historical comparisons have drawn attention to whether bitcoin could be approaching a price bottom. Search data alone, however, does not establish that a similar pattern will repeat.
Source: Bitcoin.com News
