The search for "Bitcoin" on Google's engine is increasing as the currency continues to rise

data on Google searches showed that searches for Bitcoin rose to their highest level annually, in conjunction with the continued rise of the world's highest digital currency, exceeding $ 19,400.

The price of Bitcoin (BTC) on Tuesday extended its rise to an all-time high as the price rose to $ 19,412 in the morning trading session.

Determining the highest actual Bitcoin level is somewhat debatable given that many exchanges have different numbers listed. For example, Coinbase recorded $ 192 as the peak of Bitcoin, while Bitmex and Binance had $ 1,991 and $ 7999 respectively.

Thus, for most traders, $ 20,000 will likely be the primary focal point that will cement Bitcoin to reach an all-new high.

Payment over the $ 19,000 level occurred faster than many expected, especially after the Bitcoin price plummeted to $ 18,000 in the evening hours on November 23. The drop was nearly synonymous with Ripple's 30% drop in Coinbase after pumping the alt currency to $ 0.92.

and data from The Tay, a social analytics data platform, showed that with Bitcoin's price losing momentum on November 22nd and November 23rd, trading trends took a noticeable hit when they anticipated Traders may retest lower support in the area of ​​less than $ 18,000.

according to Joshua Frank, founder of The Tay: The Daily Trends result looks at how positive or negative investors have been over the past 24 hours against a 20-day gradual window. This metric (daily trends) has been positive (above 50) since November 16, when Bitcoin was close to $ 16K.

and Frank continued: In order for the degree of daily trends to remain positive, this means that conversations must be constantly more positive. So if the investors were positive during the last 20 days, they should be more positive in the past 24 hours so that the result remains above 50.

This indicates that regardless of the strong pullbacks pointing to $ 18,000 or less, the majority of people who invest in or track Bitcoin's price remain optimistic. Strong on the prospects for digital assets when compared to historical price and trend data.