Tracking the price of Bitcoin is quite tough, as is the volatility of bitcoin. But many researchers found that there are the best days to buy and sell Bitcoin. To know more about that, we will talk about "what day of the week is bitcoin lowest?" "What day of the week is bitcoin highest?" and "How to keep track of Bitcoin prices".
What day of the week is bitcoin lowest?
The average lowest price for Bitcoin was at 6 am UTC time on Fridays. This means that this on average is the best time to take a position, in a long trade.
According to various sources, Friday's drop in Bitcoin was caused by “fatigue” among Europeans and Americans at the end of the week.
Obviously, the BTC market is very volatile and may not always conform to an overall average, so don't take these findings as gospel. It isn't investment advice, it's simply market analysis.
What day of the week is bitcoin highest?
On average, on Mondays & Tuesdays around midnight UTC, the Bitcoin price averaged 170 dollars higher than on Fridays.
This means that Monday or Tuesday is the best time to cash out your Friday long or take a statistically short position to cash out on the subsequent Friday when the price is statistically lower.
At what time of day are bitcoins best bought and sold?
The volatility of Bitcoin makes it possible to earn a large amount of money very quickly. According to experienced analysts, trading is best between midnight and 1 pm during the UTC zone. During this time, you are advised to open intraday transactions.
How to keep track of Bitcoin prices
Having concluded that there is not exactly the best time to buy cryptocurrency due to its volatility, let us look into a concept that will prove to be even more useful.
Keeping track of Bitcoin prices will notify you when its price has gone down for you to buy it is essential. You can keep track of Bitcoin prices using several apps, including Binance, TradingView, Plus500, Coinbase, Delta App, and Blockfolio, to name a few.
You can set alerts on whichever application you get so you will be notified when the Bitcoin either goes up or down.
What day of the week is bitcoin lowest? How to keep track of Bitcoin prices, hopefully, this article can help you in some way.
