{"id":412046,"date":"2020-01-24T10:00:13","date_gmt":"2020-01-24T10:00:13","guid":{"rendered":"https:\/\/wncen.com\/?p=412046"},"modified":"2024-06-11T13:40:58","modified_gmt":"2024-06-11T13:40:58","slug":"key-google-metric-bitcoin-explode-100000-parabolic-rally","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/key-google-metric-bitcoin-explode-100000-parabolic-rally\/","title":{"rendered":"Key Google Metric: Bitcoin May Explode Into $100,000 Parabolic Rally"},"content":{"rendered":"

Since Bitcoin<\/a> investors got a taste of parabolic price action in early-2019, during which BTC surged from the low-$3,000s to $14,000 in a few weeks’ time, they have been craving more.<\/p>\n

According to a Google Trends<\/a> analysis, another parabolic rally is about to form again in the cryptocurrency market again. Considering historical rallies, this next bull market could bring BTC above $100,000, some analysts have suggested.<\/p>\n

Google Trends Suggests Bitcoin to Soon Explode<\/h2>\n

Cryptocurrency analyst Cryptokea<\/a> recently noted<\/a> that the worldwide Google Trends, well, trends for the search term “Buy Bitcoin” have recently hit a seven-month high \u2014 the highest since June 2019.<\/p>\n

More specifically, the metric has hit a “10” on a long-term basis, with the metric’s maximum being 100. This may not seem relevant, but Kea notes that each time a “10” reading has been seen for the “Buy Bitcoin” term, the cryptocurrency market always<\/em> found itself at an essential inflection point.<\/p>\n

When a “10” was seen in November 2013, it marked a long-term top to a BTC bull market that brought the cryptocurrency from irrelevancy to above $1,000.<\/p>\n

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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<\/a><\/p>\n

— CryptoKea (@CryptoKea) January 20, 2020<\/a><\/p><\/blockquote>\n