It’s very important for every Bitcoin trader to know its seasonality because this will significantly increase the probability of successful trades. I have been trading Bitcoin for almost 10 years, and I successfully use seasonality patterns to predict Bitcoin price movements. For example, you don’t want to go long on Bitcoin during August or September; that’s probably a very bad idea. The biggest market crashes usually happen in September. But you definitely want to go long in October or April, as these months are the most promising. Knowledge of these patterns will give you an advantage over standard retail traders. Every trade matters.
Average return by Month (%)
- January: +5.1%
- February: +12.1%
- March: +4.8%
- April: ˇ+18.7%
- May: +14.2%
- June: +4.4%
- July: +6.1%
- August: -3.1%
- September: -8.4%
- October: +22.2%
- November: +17.9%
- December: +7.3%
Average return by Weekday (%)
- Monday: +0.63%
- Tuesday: +0.18%
- Wednesday: +0.54%
- Thursday: +0.40%
- Friday: +0.37%
- Saturday: +0.45%
- Sunday: +0.10%
Currently I am bullish on Bitcoin as the price is in an uptrend and the bear market is not confirmed; I expect Bitcoin to hit 115k probably at the end of February. What I also expect is an alt season – alt season is starting right now! So it’s time to buy some altcoins. Ethereum should outperform BTC in the next weeks as well.
