What days of the month do Bitcoin prices trend upward?
Are there really specific days when the price of Bitcoin trends up and others that trend down?
What day of the month is safest to invest to ensure my profits?
To answer these questions, we have collected data on the correlation of the days when the price of Bitcoin reached its highest peak or in each of the last 16 months, from January 2023 to April 2024.
Bitcoin price peak data in the last 16 months
Month day Highest price
April 2024 8 $72,715.36
March 2024 13 $73,637.47
February 2024 28 $63,913.13
January 2024 11 $48,969.37
December 2023 8 $44,705.52
November 2023 24 $38,415.34
October 2023 24 $35,150.43
September 2023 19 $27,488.76
August 2023 8 $30,176.80
July 2023 13 $31,814.51
June 2023 23 $31,389.54
Mayo 2023 7 $29,540.00
April 2023 14 $31,005.61
March 2023 30 $29,159.90
February 2023 20 $25,190.20
January 2023 25 $23,777.89
Sources of this Analysis: Microsoft start and chat gpt
As can be seen from the data collection of the last 16 months, there is no clear pattern in the specific days when the price of Bitcoin tends to reach its highest or lowest peaks. Spikes can occur on any day of the month, from day 1 to day 30. This suggests that the predictability of cryptocurrencies is extremely complex due to their high volatility and the influence of multiple factors.
Conclusion
A specific day or range of specific days of the month cannot be precisely determined to invest in Bitcoin with the guarantee of maximizing profits. The volatility of the cryptocurrency market, along with the influence of external factors such as global news, regulations, and technological advances, makes it very difficult to predict price movements based solely on the day of the month.
Tips for investing safely
Education: Before investing, it is essential to educate yourself on what Bitcoin is, how it works, and the associated risks. There are many online resources, books and courses that can help you better understand the world of cryptocurrencies.
Start small: Consider starting with a small amount of money that you are willing to lose. Bitcoin is highly volatile, and it is important not to risk more than you can afford to lose.
Security: Use trusted platforms and exchanges to buy and store your Bitcoin. Consider using a hardware wallet (like Ledger or Trezor) for added security instead of leaving your funds on the exchange.
Diversification: Don't put all your funds in Bitcoin. Diversify your investments to minimize risk. Although Bitcoin is the best known, there are many other cryptocurrencies and assets that you can invest in.
Long-term strategy: Bitcoin can be very volatile in the short term, but many investors believe in its long-term value. Consider holding your investment for several years instead of trying to day trade.
Stay informed: Follow the news and updates from the world of cryptocurrencies. Regulatory changes, technological advances, and market events can have a large impact on the price of Bitcoin.
Emotional control: Market volatility can be stressful. It is important to stay calm and not make impulsive decisions based on fear or greed.
Some Data was collected from ChatGPT and Microsoft Start.
