As you may know Bitcoin's price is exceptionally susceptible to demand and offer, but are its movements completely random? Probably not.
Recently, I studied Bitcoin's price moves from its first exchange rate and I noticed that, on average, Bitcoin tends to be more bullish in certain month than others. To put it simply, I took all the monthly percent changes and did a weighted average (using volumes) for each month and, as a result, here's the final graph.
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As you can see, the most bearish month is January and the most bullish one is november, while may and september tend to be mostly neutral. In the last three months of the year, instead, Bitcoin tends to be strongly bullish, however this wasn't the case for 2018 as Bitcoin plummeted from 6k to 3k.
February is the 4th most bullish month, so we'll see if it will be the case this time!
Andrea Saracino.
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