Internet search data shows heightened public skepticism about Bitcoin’s future, which some analysts interpret as a contrarian buying signal. According to Google Trends data, searches for the phrase “Bitcoin going to zero” reached a record high in February 2026. Historical analysis indicates past spikes in this search term have coincided with significant price lows for the cryptocurrency.
A surge in online searches questioning Bitcoin’s survival has reached a new peak. According to Google Trends data, interest in the phrase “Bitcoin going to zero” hit a record high in February 2026.
Historical evaluation reveals these spikes have often aligned with local or market cycle bottoms for the cryptocurrency. For instance, a similar search spike to a value of 58 occurred during a major price pullback in May 2021, which was followed by Bitcoin rallying to a new high of $69,000.
Further spikes were recorded in June and December of 2022, with the latter coinciding with a market cycle bottom at $16,000. Following that low, the price rallied nearly eightfold to approximately $126,000 by late 2025.
Another recent spike occurred in November 2025, aligning with a local bottom around $80,000. The current record-high search interest in early 2026 could suggest a potential bottom forming near the $60,000 level.
This sentiment is mirrored by other market indicators. The Bitcoin Rainbow Chart, a pricing model, currently places Bitcoin in its “Bitcoin is dead” zone.
This zone has historically marked past market cycle bottoms, indicating a period of extreme fear. External factors like progress on the CLARITY Act, Kevin Warsh‘s confirmation as Fed chair, and U.S. midterm results may further influence whether a definitive bottom is established.
