Share this article
Using Google Trends to Detect Bitcoin Price Bubbles
Cryptocurrency trader Willy Woo gives an overview of how to use Google tools to gain insight into the price of bitcoin.
By Willy Woo
Updated Sep 11, 2021, 1:09 p.m. Published Mar 11, 2017, 10:08 a.m.
Willy Woo is an entrepreneur, angel investor, derivatives trader and cryptocurrency enthusiast.
In this guest piece, Woo discusses the recent run-up in bitcoin price, and the methods he uses to determine if and when bitcoin is overvalued.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
Simply put, Google Trends is a great way to track the growth of active bitcoin users.
The search 'BTC USD' serves as 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 the height above the line illustrates their engagement levels.
When engagement levels run high, bitcoin users are in party mode, checking the price daily 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 a low (marked with green dots), this is a good time to buy. Put together, Google Trends is a pretty reliable buy and sell indicator.
So, what does this say about the recent run-up in price?
Here, we can see bitcoin is not in a bubble, and that there is likely still plenty of room for our current bull run to continue.
This piece is not intended to provide, and should not be taken as, investment advice.
Images via Willy Woo for CoinDesk; Soap bubble via Shutterstock
Note: The views expressed in this column are those of the author and do not necessarily reflect those of CoinDesk, Inc. or its owners and affiliates.
Higit pang Para sa Iyo
Ano ang dapat malaman:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
Higit pang Para sa Iyo
Bitcoin’s Deep Correction Sets Stage for December Rebound, Says K33 Research
K33 Research says market fear is outweighing fundamentals as bitcoin nears key levels. December could offer an entry point for bold investors.
Ano ang dapat malaman:
- K33 Research says bitcoin’s steep correction shows signs of bottoming, with December potentially marking a turning point.
- The firm has argued that the market is overreacting to long-term risks while ignoring near-term signals of strength, like low leverage and solid support levels.
- With likely policy shifts ahead and cautious positioning in futures, K33 sees more upside potential than risk of another major collapse.
Top Stories
