Bitcoin Mystery: why does Bitcoin Peak at the same time every year?
For a project at university, I’ve been doing research on the crypto currency economy, and the uses of blockchain.
In one specific section of my writing, I analyzed bitcoin prices (yearly highs and yearly lows) and I observed a bizarre pattern.
By observing the graph below, you can see that whenever bitcoin reaches its yearly peak, it happens in winter. Though some years were much lower than preceding ones, the peak still occured at the same time.
Herein, a couple of things become apparant.
- Though BTC is notorious for its extreme volatility, there seems to be a mircopattern.
- If this trend continues, investing on BTC might become a much more navigable venture.
What are your thoughts? Why do you think this happens?
