What is the best day and time to buy/sell Bitcoin? I ran a backtest to find out
I have always heard that the best time to buy bitcoin for a Dollar Cost Avg strategy was on Monday's. I wanted to check this for myself so I ran a back test.
Using data from Sep 2020 through April 2021, here are my takeaways:
The first pivot table shows the count of day and time for the 31 weeks between Sep 2020 and April where the price was smallest during the week while the second pivot table shows where the price was largest during the week.