Is Bitcoin price seasonal?

in #bitcoin • 7 years ago

There is this saying in stocks markets - sell in May and go away.
After reviewing over hundred years of NY stocks exchange and others - researchers found out that there are certain profitable months and others more prone to be losing months.
There are many examples for this but this looks something like this:

Is it the same with bitcoin? I just came across similar concept from https://steemit.com/bitcoin/@lordoftruth/bitcoin-trend-series-ep-570-seasonality-indicator-steem-bounty-reward

Is this really a thing or are we seeing the things we want to see?

#crypto #cryptocurrency
7 years ago in #bitcoin by
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     7 years ago 

    To the question in your title, my Magic 8-Ball says:

    You may rely on it
    Hi! I'm a bot, and this answer was posted automatically. Check this post out for more information.

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       7 years ago 

      Yes price action is seasonal just like any other market. January dip, February
      more falling +consolidation , March consolidation and stabilizing, April we're back :)

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