Using Google Trends to detect Bitcoin price bubbles, and best times to buy

2019-4-5 19:50

I wrote previously that Google Trends on the search term “BTC USD” is a great way to track the growth of active Bitcoin users. The search “BTC USD” is a proxy for the engagement of active Bitcoin users as they check the daily price.

In the chart above, the baseline denotes the exponential growth of active users while height above the line denote their engagement levels.

When engagement levels get high, Bitcoiners are in party mode, checking the price daily of of their precious coin. If engagement levels are too high, that’s when we are in a price bubble, and it’s a good time to sell.

Here’s that graph again with the “bubble zone” drawn.

Conversely, when engagement is at all time lows (marked with green dots), this is a good time to buy. Put together, using our “Google Trends oracle”, we have a pretty reliable buy and sell indicator.

Is Bitcoin in a Bubble?

With the latest all time highs of these last weeks and months, we’ve heard the bubble word come up a lot. But clearly we can see Bitcoin is not in a bubble. We still have plenty of room for our bull run.

Similar to Notcoin - Blum - Airdrops In 2024

origin »

Bitcoin (BTC) на Currencies.ru

$ 98298.81 (+0.28%)
Объем 24H $43.817b
Изменеия 24h: -0.40 %, 7d: 8.87 %
Cегодня L: $97633.19 - H: $98391.42
Капитализация $1944.992b Rank 1
Цена в час новости $ 5022.72 (1857.08%)

bitcoin usd search users active btc price

Источник: woobull.com

bitcoin usd → Результатов: 126


Анализ цен Bitcoin, Ethereum, XRP на 27.10.2021

Сегодня ночью медведи вернули цену Bitcoin к поддержке 60000. 00 USD. BTC/USD Вчера утром откат цены Bitcoin продолжился к четырёхчасовой скользящей средней EMA55. Днём, в области средних цен, проходила позиционная борьба, а к завершению дня, используя численное преимущество, медведи откатили пару к психологическому уровню 60000.

2021-10-28 08:38


Анализ цен Bitcoin, Ethereum, XRP на 26.08.2021

После недельного минимума цена Bitcoin пытается восстановиться, но прессинг со стороны продавцов не прекращается. BTC/USD Вчера в первой половине дня медвежий импульс пробил уровень 61. 8% фибо (47745.

2021-8-26 11:04


Bitcoin Price Analysis BTC / USD: $13,000 Rat Poison

Bitcoin has a bullish short-term bias, with the cryptocurrency trading at its highest level since January 2018 Technical indicators on the four-hour time frame show that the BTC / USD pair is extremely overbought The daily time frame shows that bulls have now triggered a huge inverted head and shoulders pattern Bitcoin / USD Short-term […] The post Bitcoin Price Analysis BTC / USD: $13,000 Rat Poison appeared first on Crypto Briefing.

2019-6-27 17:06


Bitcoin Price Analysis BTC / USD: Battle Of The Traders

Bitcoin has a short-term bullish bias, with the cryptocurrency once again hold price above its 200-period moving average on the four-hour time frame The BTC / USD pair needs to break above neckline resistance at $8,500 The daily time frame continues to show that the $10,000 level remains a valid bullish target Bitcoin / USD […] The post Bitcoin Price Analysis BTC / USD: Battle Of The Traders appeared first on Crypto Briefing.

2019-6-14 16:02


Bitcoin Price Analysis BTC / USD: Correction Doesn’t Invalidate Trend

Bitcoin has started to correct lower in short-term after buying interest above the $8,000 level began to wane The four-hour time frame is currently showing a bearish head and shoulders pattern Both the four-hour and daily time frame still remain technically bullish Bitcoin / USD Short-term price analysis Bitcoin has a bullish short-term trading outlook, […] The post Bitcoin Price Analysis BTC / USD: Correction Doesn’t Invalidate Trend appeared first on Crypto Briefing.

2019-5-17 16:27


Фото:

Bitcoin вернулся к повышению

Автор: Дмитрий Гурковский, ведущий аналитик RoboForex Главная криптовалюта продолжает рост. Днем в четверг, 18 апреля, основные торги вяжутся около 5254,28 USD. Bitcoin временно стал валютой в Швеции BTC может помочь миру бороться с рецессией Bitcoin будет стоить 1 млн USD к 2020 году – Макафи Хакеры взломали официальный Twitter партии власти в Швеции, где написали, […]

2019-4-18 15:50


Bitcoin / USD Technical Analysis: Critical Round

Bitcoin has a bullish short-term outlook, with the BTC / USD pair regaining bullish momentum above the $5,100 level The four-hour time frame shows a bearish head and shoulders pattern The Ichimoku indicator on daily time frame is showing that the $5,200 level is an important pivot Bitcoin / USD Short-term price analysis Bitcoin has […] The post Bitcoin / USD Technical Analysis: Critical Round appeared first on Crypto Briefing.

2019-4-18 17:12


Фото:

Bitcoin все еще ищет минимумы

К четвергу, 13 декабря, Bitcoin вернулся под давление и торгуется по 3463 USD, сообщает Дмитрий Гурковский, ведущий аналитик RoboForex. Чтобы определить среднесрочные настроения участников торгов по Bitcoin (BTC/USD), необходимо проанализировать график динамики на 4-часовом таймфрейме.

2018-12-13 15:16


XRP/USD, BTC/USD Price Analysis: Ripple Bullish as Bitcoin Steady above $6,000

Latest Bitcoin News As the industry grow, regulation is important even if Bitcoin and other blockchain projects agitate for complete decentralization and decoupling from government influence. But when reality sets in and advocates realize that the industry can’t get away with fiat if liquidity and volatility is to reign then the importance of Business Growth.

2018-11-10 05:15


Фото:

Financial Expert Pinpoints Signs Confirming Bullish Bitcoin Sentiment

Chris Kline, co-founder and COO at Bitcoin IRA, identifies the signs that lead him to predict Bitcoin price will reach USD $40,000 in the next few months. Kline: Bitcoin Price Might Surpass USD $40,000 by the End of 2018 Bitcoin’s (BTC) sustained steady rise towards the USD $7,000 price mark is causing investors to pore over data trying to identify indicators that can confirm whether the bearish trend is now reversing course.

2018-9-25 04:00


Big Think Media Publication Says Bitcoin Mainstream Adoption is Closer Than Ever Before

2017 marked the year for cryptocurrencies, as Bitcoin’s price jumped from USD$970 to over USD$19,000, which is approximately a growth of 1900%. Unfortunately, similar trends were not successfully carried over to 2018, as Bitcoin dropped to a third of its all-time high, with both altcoins and the total market capitalization getting hard hits. A recent […]

2018-8-27 19:45


Bitcoin breaches $8000 USD. Bull run imminent?

Bitcoin, despite sell-offs over the weekend, has regained its value and has soared past the $8,000 USD mark today. Over the weekend, because of massive sell-offs in the market, Bitcoin lost 3% of its value over the course of Sunday, however since the beginning of this week, Bitcoin is back and after having gained almost The post Bitcoin breaches $8000 USD. Bull run imminent? appeared first on ItsBlockchain.

2018-7-24 12:12


дальше еще 77 новостей →

Партнеры Currencies.ru

Аналог Notcoin - Blum - Играй и зарабатывай Монеты



Реклама на Currencies.ru

Самое свежее на Currencies.ru

Bitcoin ETFs could overtake gold ETFs in size within one month

The rapid growth of Bitcoin ETFs highlights shifting investor preferences, raising questions about long-term stability compared to traditional assets. The post Bitcoin ETFs could overtake gold ETFs in size within one month appeared first on Crypto Briefing.

Polymarket Bans French Traders Amid Gambling Probe

Polymarket halts access for French traders after an ANJ investigation into gambling law compliance, raising concerns about wash trading and high-stakes betting. The post Polymarket Bans French Traders Amid Gambling Probe appeared first on BeInCrypto.