Comment
Author: Admin | 2025-04-27
Met. Several economists have researched the best time to buy Bitcoin is providing their observations based on several factors and analyses.First, they took note that the factors determining price swings in cryptocurrency are very different from those that affect traditional assets. Bitcoin prices rise rapidly and fall just as fast. It is therefore advisable to only invest in Bitcoin when its value increases by 20% in the previous week.Before we tackle the best time of the day, let’s begin by, first of all, deciphering what day is best if one is planning on buying Bitcoin.The best day of the week to buy BitcoinIt is crucial to take into account that, unlike traditional stock markets, the cryptocurrency market is open 24/7. You can buy Bitcoin at any time of the day from anywhere as long as you have an internet connection. According to an analysis carried out, the best days to buy Bitcoin are Sundays and Mondays, for the sole reason that on these days, the crypto price of Bitcoin is at its lowest.The reason to explain why Sunday evenings are the best time to buy BTC is that trading volumes on every crypto exchange usually drop during the weekend. US derivatives giant CME Group, which also contributes significantly to bitcoin’s global volume (over $500 million daily) traded by institutional investors, go on a break during the weekend.Theories behind the specific daysMultiple theories explain how to determine the best timing to buy Bitcoin. We are going to look into three.The first theory suggests that the demand for Bitcoin slows down during the weekends pushing its price to lower on Monday and higher on Fridays.A second theory suggests that most people tend to buy Bitcoin during the weekends and begin trading during the week, meaning that the trading volume is high on Mondays.A third theory suggests that it is best to avoid buying Bitcoin during periods when 9-5 workers get paid. The more the money, the more the demand for Bitcoin.We have narrowed it down to the best days to buy Bitcoin and even further looked into several theories that can help you better ascertain your decision. Now let’s take a deep dive and take a look at the best time of the day to buy Bitcoin. Take note of the fact that the BTC is highly volatile, and its price changes within a short period. Searching for the best time to
Add Comment