Best Years to Buy/Sell Bitcoin
Data shows the best years to sell Bitcoin was 2013, 2017 and projected in 2021 toward the end of the year. Following a similar pattern, roughly 12 months behind, the best years to buy Bitcoin was 2014, 2018 and projected in 2022 end of year.
Best Months to Buy/Sell Bitcoin
In efforts to analyze the most relevant data, we’re focusing on the recent history of Bitcoin: The best months to buy Bitcoin and other cryptocurrencies are January and March. The best months to sell Bitcoin and alt coins are October and December.
Best Days to Buy/Sell Bitcoin
Bitcoin prices are highest on Mondays and Tuesdays, with the lowest prices on Fridays and Saturdays. As for the alt coins, prices are highest on Mondays & Tuesdays, then lowest on Wednesdays and Fridays.
Best Times to Buy/Sell Bitcoin
According to Coinbase, over the past couple years Bitcoin’s price has tended to be at its lowest point of the week on Fridays around 6am. Thursdays and Fridays tend to be lower in general than other days of the week as well. Bitcoin tends to hit its highest point from Monday evening to Tuesday morning around midnight, although there is a also a spike on Wednesdays around 1pm (UTC).
On average, Bitcoin’s opening price has been $170 higher on Monday/Tuesday at midnight (UTC) than it has been on Friday at 6am (UTC). Therefore, if you buy Bitcoin on Fridays at 6pm (UTC) and sell on Monday/Tuesday at midnight (UTC) you can make an average of $170 per week. Thus, $170 per week with 52 weeks in a year equates to a profit of $8,840 annually.