After the wild ride last year, Bitcoin came back this April, reaching a priced of $6.816. Despite this being just one-third of the last December’s price, Bitcoin jumped to $9.300 at the end of April along.
When discussing when the right time to buy BTC is there is no correct answer. You could take a look at the chart’s history and statistics and make a decision. Here we put up a brief summary of all the increases and decreases that we’ve seen in the past months considering the price. For example, at the start of November, Bitcoin was trading at $6.750. By the end of the same month, bitcoin got up to $9.916. This is approximately a 47% increase.
But take a look at December. Starting December 1st, BTC was trading for $10.859 and by the end of the month it got up to $13.860 which means it increased by 28%. Moving forward to February where we had the lowest increase by only 14%. In March, however, we got to a 36% decrease, only to get back again in April for also 36%.
Considering the numbers, you can see that November was the best month for Bitcoin. This, however, doesn’t mean that each November will be the same.
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Keep in mind that these numbers are regarding monthly increase and decrease. There were plenty day-to–day changes, for example, starting at $11.858 on December 5th and reaching $16.858 on December 7th!
As for the worst times to buy bitcoin, investors believe that February is really a bad time for Bitcoin. This year we saw a 25% decrease in just two days.
Making predictions is extremely difficult given the volatility and all the different influences on the market. It’s good, however, to gather as much as statistical data and make a comparison.
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