Hello everyone. I was checking some data from based on historical data from BitcoinMontlyReturn and CoinMarketCap. These insights might help you in making more informed decisions, or at the very least, provide some interesting perspectives.
The best months to buy Bitcoin
According to the data, the best months to consider buying Bitcoin are August and September. These months have the lowest average monthly returns, with August at -0.07% and September at -4.67%. These could be the months when Bitcoin is undervalued or in a correction phase, offering a good opportunity to buy low.
The best months to sell Bitcoin
On the other hand, the best months to consider selling Bitcoin are April and November. These months have the highest average monthly returns, with April at 33.79% and November at 35.51%. These could be the months when Bitcoin is overvalued or in a bull run, offering a good opportunity to take profits.
| Month | BTC Average Return from 2009 to 2023 |
|---|---|
| January | 9.74% |
| February | 12.52% |
| March | 9.19% |
| April | 33.79% |
| May | 17.82% |
| June | 7.76% |
| July | 7.36% |
| August | -0.07% |
| September | -4.67% |
| October | 25% |
| November | 35.51% |
| December | 10.45% |
Remember, this is not financial advice by any means, just some patterns based on data analysis.
Also, checking the total return from 2009 to 2023 shows that September has a -70.08% total monthly return. The second place is August with -0.99%. September just got here, and historically, this month is a bloodbath. Best time to buy, they say.
| # | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total | 146% | 187% | 137% | 506% | 267% | 116% | 110% | -0.99% | -70% | 375% | 532% | 156% |
Full chart here.
Source:
https://bitcoinmonthlyreturn.com/
https://coinmarketcap.com/currencies/bitcoin/
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