Mondays Are the Best Days to Buy Bitcoin

Taking a deeper look at Bitcoin returns for a longer time period, Mondays offer the best average return from all the days of the week (0.54%). On the other hand, Thursday and Wednesday are the worst days of the week to invest in Bitcoin with an average return of -0.09% and -0.23%, respectively.

Average Daily Return for each Day of the Week between April 2013 and January 2020 by CoinTelegraph

Source: Cointelegraph:
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Bitcoin (BTC) Price Still Follows Stock-to-Flow Model

While the massive correction of Bitcoin by 40 percent from its annual high of $ 13,7k could jeopardize the new bull market, it actually stays in line with the stock-to-flow (STF) model. Therefore, it is not inappropriate to assume that BTC could experience another rally after the forthcoming halving if the model is valid.

The STF model aims to predict the price of the leading cryptocurrency based on its shortage. It was developed by the Dutch cryptanalyst “Plan B”.

Source: U.Today:
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