This chart is a visual tool that combines data from Google Trends and the price of Bitcoin, allowing for an analysis of how public interest in Bitcoin and its market value behave over time. Let’s understand each part:

1. Google Trends (orange line): The orange line represents public interest in Bitcoin over time, as measured by Google Trends. This data is a measure of popularity; the higher the line, the more people were searching for Bitcoin during that period. This information helps to understand how events in the cryptocurrency market or major news impact public interest.

2. Bitcoin Price (white line): The white line shows the price of Bitcoin in U.S. dollars, reflecting fluctuations in value over time. It allows us to see how the price of the digital currency evolves and can be correlated with public interest measured by Google Trends.

3. Relationship between price drops and surges and search interest: There is a correlation between significant price drops and surges in Bitcoin and peaks in Google search interest, which can be explained by herd behavior. When Bitcoin’s price reaches extreme points, public interest grows, driven by a fear of missing out or a desire to avoid losses, reflecting a collective attention pattern.