Bitcoin doesn’t stop its positive rally and goes another day in the green by the $5,000 resistance level for two consecutive days. Our altcoin news will show you today that the public interest for Bitcoin is also increasing along with its price.
The data coming from the search engine giant Google Trends, show that Bitcoin managed to climb up the ladder. Not the term ‘’bitcoin’’ is the seventh most search word in USA Google.
In April only, more than 10,000 searches were made with the term and Bitcoin surpassed multiple trending terms. The word surpassed the public interest for Taylor Swift and Kim Kardashian. As the data shows, not only is Bitcoin trending, but the interest for it is twice as larger than Kardashian.
In terms of location, Bitcoin is trending in Washington, Nevada, Hawaii, and California. The searches are related to the price boost that happened a while back. Most of the searches are also related with the questions: ‘’why did BTC go up today’’ or ‘’why is bitcoin rising.’’ Besides the increase in price, Bitcoin had an amazing week since the term was searched on Google by 114 percent more than last week.
While the public interest is rising about Bitcoin, it is still hard to determine whether the trends are going bullish. Increase in searching for the term is usually a positive sign but we cannot be positive whether the trends are definitely changing. The thing is that the interest in bitcoin grows along with its price there is a huge correlation between the two.
As previously reported by DC Forecasts, the recent price surge was spiked by the massive BTC volumes. The volumes shown on Binance reached an all-time high on April 2nd. Also, many of the experts say the bottom is near as well as the next Bull Run.
As of the start of April, the BTC price increase above the $4,200 resistance level. It is now facing a new resistance level at the $5,000 price range.
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