Greetings from the Midwest! Decided to see if there has been any correlation between price of BTC and day of the week for the past year. Apologies for formatting – I’m typing this up on mobile.
I took the price of BTC in USD at 11:59 UTC over the date range 23 Aug 2022 – 23 Aug 2023. After averaging this price for each day of the week, these were my findings:
Sun (avg): 23586.04128
Mon (avg): 23623.38642
Tues (avg): 23596.37385
Wed (avg): 23651.35991 (highest)
Thurs (avg): 23540.2838
Fri (avg): 23512.8839 (lowest)
Sat (avg): 23584.05285
SO…over the past year, average price of BTC was highest on Wednesdays and lowest on Fridays, although the difference between the two was only ~0.5854886%
Bonus: The lowest day of the year was on Tuesday 22 Nov 2022 @ 15782.3008 and the highest day of the year was on Friday 14 July 2023 @ 31474.7207.
TLDR; buy on Fridays, sell on Wednesdays…I guess.
Edit: Not financial advice 🙄
submitted by /u/MystikSnek
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