Bitcoin Google Search Interest Hits Lowest Since Before $10K Bull Run

[Goodcat49]

Bitcoin (BTC) is at its least popular among Google users since last year — should history repeat itself, BTC/USD will reclaim $10,000.

According to data from Google Trends, worldwide interest in the term “Bitcoin” is now at its lowest since December 2019.

Bitcoin interest hits 7-month lows
Over the past seven months, price volatility has delivered occasional spurts of curiosity in Bitcoin, but these have simply punctuated a general downtrend.

As of July 20, interest was firmly at multi-month lows on Google’s normalized scale of 1 to 100 — at 45, “Bitcoin” was challenging its reading of 41 from the week of December 29.

What occurred after the previous floor is conspicuous. After languishing at around $7,200 over the new year, BTC/USD began a swift ascent to highs of over $10,300.

That price spike caused a modest uptick in search interest to 62, but it was the March coronavirus crash which formed the standout event among Google searches. May’s block subsidy halving produced similar effects.

https://cointelegraph.com/news/bitcoin-google-search-interest-hits-lowest-since-before-10k-bull-run