Hello, I'm setting up an automated weekly DCA. Can some of the knowledgeable gentlemen here suggest the day of week with statistically lowest prices?
A comprehensive study analyzed 2 years’ worth of Bitcoin buying and selling data. The findings were pretty surprising. The research took a look at the average weekly market cycle to find the best day of the week to buy, The researchers found that the average lowest price for Bitcoin was at 6 am UTC time on Fridays. This means that this is on average..
I don't know how reliable this is. But, I also heard that Mondays and Tuesdays also good to buy Bitcoin.