Could Bitcoin be on the verge of a pullback? Some observers in the crypto market think so, and they believe the answer may lie in the price action of a memecoin called Pepe. Ran Neuner, co-founder of Onchain Capital and host of Crypto Banter, suggested that Pepe is an indicator of an overheated market. He stated that when people are confident enough to invest in Pepe and it pumps, that’s a sign that it’s time to exit the market. Pepe recently experienced a significant gain, reaching a peak on October 27th. Around the same time, Bitcoin began to slide from its yearly high. While some traders believe in this theory, others are more skeptical and suggest looking at other indicators like Solana’s SOL for more reliable predictions. The recent surge in Google searches for “buy Bitcoin” also indicates a growing interest in the cryptocurrency, especially in the UK where searches increased by over 800% in the last week. This surge in interest may be driven by Bitcoin’s price increase and the anticipation of a spot Bitcoin ETF approval, which is expected to attract institutional investors. However, it’s important to approach crypto investments with caution and seek independent financial advice if needed.