$BTC Buy the Dip or Panic Sell? Bitcoin Google Searches Hit Peak as Price Crashed to $60,000
Is it panic or greed dominating the market? Data from Google Trends shows public interest in Bitcoin has hit a ceiling as the price plunged deeply.
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🔸 In just a short 5 days from February 1st to now, Bitcoin's price has plummeted uncontrollably from a peak around $81,500 USD to the $60,000 USD zone. This extreme volatility has wiped out billions in market cap and triggered global attention.
🔸 Global search volume for the keyword "Bitcoin" has hit the 100-point mark, the highest measurement on the Google Trends scale. This is the highest search volume recorded in a full year.
🔸 History shows that when Google search volume peaks, it often coincides with sharp price crashes, indicating extreme panic from retail investors. However, this is also often an indicator that the market is nearing a short-term bottom due to "capitulation" by weak hands.
The crowd is rushing to search for information about Bitcoin. In your opinion, are they looking for ways to "cut losses" in panic, or are they looking for ways to "buy the dip" at the 60k zone?
News is for reference, not investment advice. Please read carefully before making a decision.