A recent report generated from Google Trend’s Analytics revealed fewer people are currently involved in searching term ‘Bitcoin Price’ on Google since 2015.
Google Trends describes itself as a publiconlinefacilitythat providesusers insight into the frequency of specific search-terms relative tothe overallvolume of searchesdispensedby the usersaround theglobe.Employingits service, it is possible to get an idea of people’s interest.
Theaccessibleinformationshows that from 2014 till 2017, search frequency for the term was flat, withseveralminor spikes from time to time. However, this flat spiked were allmodifiedfrom 2017 as bitcoinwavedtowards its record breaking price touching $20,000 atend of year 2017.
The peakamountfor ‘bitcoinprice’ searches was highest between December 2017 and Jan. 2018 this year, attracting frenzied capitalist attention.
Just after inFebruary2018, the frequency of the search term halved as bitcoin shrank to half of its price. The search frequency thencontinued ona gradualdownward trend.
Presently, the worldwide ‘bitcoin price’ search frequency stands atsevenout of hundred– its lowest since 2017 – and still falling.
Such a market rallydoesn’tlook tobe on waves atthis instant, as bitcoin remains stuckobduratelyaround $6,000 USD mark, withthe otheraltcoin’sconjointly alsonot showing any signs of sustained upward movement.
More detailed report on bitcoin price search queriescan be found here.