Why does Bitcoin always fall on Fridays?
Bitcoin tends to exhibit certain patterns or trends on Fridays and there are a few possible factors that could contribute to Bitcoin prices falling before the weekend.
$BTC Aggregated Spot Delta— exitpump (@exitpumpBTC) January 28, 2023
Not much going on here.
Expected quicker and more violent drop which didn't come. Same with Friday night pump which didn't happen too. Market always doesn't do the crowded expectations. #Bitcoin pic.twitter.com/6rv8he4ANq
One possibility is that some traders or investors may be closing positions or selling off their holdings at the end of the week in order to lock in profits or reduce exposure. This could lead to increased selling pressure and cause prices to fall.
Apparently for the past 5 weeks, whenever bitcoin falls on Friday, it opens with a bullish run on Monday— Timaka Fx (@timakajim) June 11, 2022
Another possibility is that the weekend could be a period of increased volatility and uncertainty, as there is less trading activity and news flow during this time. This could make it more difficult to predict the direction of prices, and lead to increased volatility.
$1.48B in Bitcoin options expire on Friday.— Crypto Crib (@Crypto_Crib_) January 26, 2023
Volatility incoming? 👀
It's also possible that this trend is just a coincidence. Financial markets are highly complex, and many different factors can influence prices. Without concrete evidence it would be hard to point to one specific cause for this trend.
It's worth noting that crypto market is a highly speculative and volatile market, prices can fluctuate wildly in short periods of time. Additionally, the crypto market is not as regulated as traditional financial markets, which can lead to increased volatility and uncertainty.
Some bitcoin whale 🐋 just decided to influence the market this night but it's still a bull trap so Holders be careful. I just profited 6.29% today without doing anything now I'm converting back to USDT. Good night and happy weekend 😘 pic.twitter.com/WlIhR48IqN— Jordan Frida Gilbert (@Jordan__Gilbert) January 20, 2023
It is also important to note that past performance is not indicative of future results, and you should not make investment decisions based on historical trends. It is always important to conduct your own research and make informed decisions when investing in any financial asset.
Bitcoin continues to make headlines as its value reaches new highs. Don't miss out on the potential for huge returns, but remember to do your own research and never invest more.— Hanna Tekle 🧚♀️🌹 (@Hannateklelemji) January 27, 2023