Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
⭐ Merited by JayJuanGee (1)
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?
The best day of buying bitcoin SundayThe Second best day of buying bitcoin Saturday.
Read more details: https://coincodex.com/article/25506/best-day-of-the-week-to-buy-crypto/
Thanks for your reply.
The linked article, however, lists the days with the largest UPpity in price. As if I were to sell on the same day.
Quote from: coincodex
What is the best day to buy Bitcoin?
Over the years, Saturday has emerged as the best day of the week to buy Bitcoin, with the coin gaining 0.413% on average on that day. According to historical data, Monday is the second-best day to buy Bitcoin due to an average increase of 0.360%. Friday is the only day of the week that Bitcoin has shown negative growth over the years.
Interestingly, out of the 50 biggest single-day spikes in the last 7 years, 10 occurred on Thursday, 9 each on Tuesday and Wednesday, 7 each on Monday and Saturday, 5 on Friday, and only 2 on Sunday.
What I'm looking for - and haven't yet been able to find - is the day with the average lowest price in the week.
Over the years, Saturday has emerged as the best day of the week to buy Bitcoin, with the coin gaining 0.413% on average on that day. According to historical data, Monday is the second-best day to buy Bitcoin due to an average increase of 0.360%. Friday is the only day of the week that Bitcoin has shown negative growth over the years.
Interestingly, out of the 50 biggest single-day spikes in the last 7 years, 10 occurred on Thursday, 9 each on Tuesday and Wednesday, 7 each on Monday and Saturday, 5 on Friday, and only 2 on Sunday.
Quote
What I'm looking for - and haven't yet been able to find - is the day with the average lowest price in the week.