Boost in Bitcoin Search Trends on Google are Usually a Strong Indicator in the Bitcoin Price Action
Bitcoin’s increase in value, and perhaps other factors, may have influenced a boost in bitcoin search trends.
The search tend, which is featured on Google Trends, indicates that Bitcoin search volume has reached a high for the year. There is also data showing that when searching for bitcoin, users tend to combine it with other terms such as “debit card” and “litecoin.”
In addition to an increase in bitcoin search tends, the data also indicates that users may be searching for terms like “Ethereum” and “Ripple” more often. However, between the two, searches for “Ripple” seem to be performing better than Ethereum.