Good day traders & investors,
Is the Google trends search for Bitcoin about to explode?! The chart pattern is a bullish one. The Google trend search topped out back in 2017 and has been in a wedge pattern since then. The search/interest recently broke out of this 8 year wedge pattern and this month retested the breakout. This is typically a bullish pattern and shows the interest and search volume is picking up and could very soon explode again.
The settings for this search was world wide, bitcoin and a custom time interval set from Jan 1st 2009 to Mar 19th 2025
Since inception the interest for Bitcoin gained volume/growth until it peaked in 2017. Ever since then the interest and searches has been making lower lower highs until very recently (last Oct) where it made a higher high as it broke out of this wedge. Also, since 2017 while making lower highs the google trend has been making higher lows, thus forming this wedge pattern. The break out and retest of this pattern is what shows the signs of strength and a possible explosion of interest in the near future.
I have underlaid both timelines of the price and the Google trend to match, and we can clearly see that when the search trend rises, so does the price which shows a strong correlation.
All of my other cycle analysis shows that May/June time could see higher prices, so you could say this is a sneak peak or confluence to other indicators.
Let me know what you think in the comments below what you think. Does Google trend holds any weight? Do you think this wedge pattern and break out could lead to anything big?
Please like and share. My socials are listed in the bio
Kind regards,
WeAreSatoshi
Is the Google trends search for Bitcoin about to explode?! The chart pattern is a bullish one. The Google trend search topped out back in 2017 and has been in a wedge pattern since then. The search/interest recently broke out of this 8 year wedge pattern and this month retested the breakout. This is typically a bullish pattern and shows the interest and search volume is picking up and could very soon explode again.
The settings for this search was world wide, bitcoin and a custom time interval set from Jan 1st 2009 to Mar 19th 2025
Since inception the interest for Bitcoin gained volume/growth until it peaked in 2017. Ever since then the interest and searches has been making lower lower highs until very recently (last Oct) where it made a higher high as it broke out of this wedge. Also, since 2017 while making lower highs the google trend has been making higher lows, thus forming this wedge pattern. The break out and retest of this pattern is what shows the signs of strength and a possible explosion of interest in the near future.
I have underlaid both timelines of the price and the Google trend to match, and we can clearly see that when the search trend rises, so does the price which shows a strong correlation.
All of my other cycle analysis shows that May/June time could see higher prices, so you could say this is a sneak peak or confluence to other indicators.
Let me know what you think in the comments below what you think. Does Google trend holds any weight? Do you think this wedge pattern and break out could lead to anything big?
Please like and share. My socials are listed in the bio
Kind regards,
WeAreSatoshi
Trade active
Note
Please follow me on more socials for further analysis
Video analysis tiktok.com/@wearesat0sh1
Video analysis youtube.com/channel/UCReEfN4Czp4az1MvpkL47TQ
Video analysis tiktok.com/@wearesat0sh1
Video analysis youtube.com/channel/UCReEfN4Czp4az1MvpkL47TQ
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Please follow me on more socials for further analysis
Video analysis tiktok.com/@wearesat0sh1
Video analysis youtube.com/channel/UCReEfN4Czp4az1MvpkL47TQ
Video analysis tiktok.com/@wearesat0sh1
Video analysis youtube.com/channel/UCReEfN4Czp4az1MvpkL47TQ
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.