Many cryptocurrency traders are proponents of the 4 year cycle in Bitcoin. We note that there is an uncanny similarity between the price behavior of Bitcoin in 2017, versus the price behavior of 2021. See Tracking the 4 year price cycle in Bitcoin for exact details.
For traders who are seeking additional timing clues for the best days and times to buy and sell Bitcoin, listed below are more statistics that could prove to be relevant.
Here is a chart of the average daily price cycle. It shows the average low point of the day is around 4:30 am EST. The average high point of the day is around 7 am EST. The second highest point of the day is just before midnight, EST. The time on the bottom is military time.
Here is the chart showing the average monthly returns. Traders are paying close attention to 2017, as that is the pattern that most resembles Bitcoin price behavior in 2021.
Here is a chart that shows what day of the month that Bitcoin reaches its highest point of the month. This is an average of all months put together.
Lastly, looking at price statistics for Bitcoin in 2017, here are the days of the month that were the high for the month that year:
|MONTH – 2017||DATE of HIGH – 2017||MONTH – 2021||DATE of HIGH – 2021||DAYS DIFFERENCE|