According to cryptocurrency analyst Cryptokea, recent data from Google Trends, the trends for the search term "Buy Bitcoin" recently reached a maximum of seven months, the highest since June 2019, a move that may indicate a new bullish rebound for The main cryptocurrency in the market.
More specifically, the metric has reached a "10" in the long term, with the maximum metric being 100. This may not seem relevant, but notes that every time you see a reading of "10" in "Buy Bitcoin" in the market Cryptocurrencies always found themselves at an essential turning point and an upward movement.
1 / Googling for "Buy Bitcoin" just reached a 7 months high (Score 9). The long-term upwards trend is undeniable. The last time the score reached a 10 was:
Nov '13 (bull top),
May '17 (price on parabolic run-up),
Jun '19 (medium-term top)
> Feb '20 (price on parabolic run-up?) pic.twitter.com/tkdXIEvM3Q
– CryptoKea (@CryptoKea) January 20, 2020
1 / Google search «Buy Bitcoin» reached a maximum of 7 months (score 9). The long-term upward trend is undeniable. The last time the score reached 10 was:
Nov ’13 (beginning)
May ’17 (price of parabolic increase),
Jun ’19 (medium term)
> Feb ’20 (price of parabolic increase?)
When a "10" was seen in November 2013, it marked a bull market of the BTC that raised cryptocurrency irrelevance to more than $ 1,000. In 2017, when a “10” was seen in May, it marked the beginning of an exponential career that raised the BTC from less than $ 3,000 to $ 20,000 in approximately eight months. And when a "10" was seen in June 2019, it marked the recent $ 14,000 cap for Bitcoin.
The analyst added that the "long-term upward trend" for this metric, which correlates with the growth of the Bitcoin price, is "undeniable," pointing to a logarithmic broker that confirms that, over time, more and more people they want to buy the cryptocurrency In this way, according to him, the new "10" can make Bitcoin reach a new high at $ 100 million.