I saw a statistical survey, it's very interesting, I hope it will be useful for your trading.
The sample statistics period is from August 2010 to April 2024. The average monthly return rate of Bitcoin shows that the return rate in the summer months between June and September is worse than that in other months.
So, if you held cash in August and September and invested only in Bitcoin during the other months, your ROI would have been 4 times higher than an investor who bought and held Bitcoin!
In addition, based on Bitcoin's seasonal performance, Bitcoin will continue to rise until June, after which it will begin to pause and then continue to rise at the end of the year.
Besides seasonality, Bitcoin also has patterns in daily performance differences.
The sample data is from July 18, 2010 to April 22, 2024. Bitcoin performs best from Monday to Wednesday, while its performance on weekends, especially Sundays, has always been below average.
Although data statistics illustrate some rules, we should avoid sticking to them. After all, price fluctuations are ultimately the product of human behavior and will not always follow the same pattern.
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