Is Bitcoin price seasonal?

in bitcoin •  7 years ago 

There is this saying in stocks markets - sell in May and go away.
After reviewing over hundred years of NY stocks exchange and others - researchers found out that there are certain profitable months and others more prone to be losing months.
There are many examples for this but this looks something like this:

Is it the same with bitcoin? I just came across similar concept from https://steemit.com/bitcoin/@lordoftruth/bitcoin-trend-series-ep-570-seasonality-indicator-steem-bounty-reward

Is this really a thing or are we seeing the things we want to see?

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To the question in your title, my Magic 8-Ball says:

You may rely on it

Hi! I'm a bot, and this answer was posted automatically. Check this post out for more information.

Yes price action is seasonal just like any other market. January dip, February
more falling +consolidation , March consolidation and stabilizing, April we're back :)