Is there a best day of the week to buy Bitcoin?
I looked at the past year in pricing so you don't have to.
Greetings from the Midwest!
I decided to see if there has been any correlation between the price of BTC and day of the week for the past year.
I took the price of BTC in USD at 11:59 UTC over the date range 23 Aug 2022 - 23 Aug 2023.
After averaging this price for each day of the week, these were my findings:
Sun (avg): 23586.04128
Mon (avg): 23623.38642
Tues (avg): 23596.37385
Wed (avg): 23651.35991 (highest)
Thurs (avg): 23540.2838
Fri (avg): 23512.8839 (lowest)
Sat (avg): 23584.05285
SO...over the past year, average price of BTC was highest on Wednesdays and lowest on Fridays, although the difference between the two was only ~0.5854886%
Bonus:
The lowest day of the year was on Tuesday 22 Nov 2022 @ 15782.3008 and the highest day of the year was on Friday 14 July 2023 @ 31474.7207.
TLDR;
Buy on Fridays, sell on Wednesdays...I guess.
Not financial advice 😄