Cryptocurrency analyst Timothy Peterson shares an astounding seasonal analysis of Bitcoin’s price movements.
According to Peterson, September 21st is the worst day for Bitcoin. Analysts claimed that Bitcoin had around 80% chances that day.
According to Peterson data, the average daily loss on September 21 was one of the sharpest declines this year, with the median daily loss of -2.00%. On March 22nd, he lost a -1.52% day in second place, and on September 24th, he lost a -1.50% in third place in one day. This will make the 3 worst days of Bitcoin in just 4 days and two worst days.
Analysts also reminded Bitcoin lost 6.5% of its value in August, predicting that by the end of September, prices could range from $97,000 to $113,000, along with this seasonal pattern.
Peterson added that such variations are part of a seasonal pattern that goes back many years.
At the time of writing, the BTC price is trading at $111,253.
*This is not investment advice.
