The Best Months to Invest in Bitcoin (2024)

FAQs

What are the best months to buy Bitcoin? ›

To begin with, if a trader wants to increase the probability of making a profit, they may want to focus their buying on the October/November and April/May periods, which have historically posted the biggest average monthly returns for bitcoin.

Bitcoin has averaged 22.9% returns in October, while November remains the best month, with average historical returns of 46.81%, according to CoinGlass data.

However, there's optimism for the near future as the October-December quarter historically favors Bitcoin's performance. If you have available funds, consider gradually investing in promising assets to take advantage of potential gains. August was a disappointing month for crypto assets.

Cryptocurrency prices tend to rise in the first weeks of the month before they collapse and continue to trend downward through the end of the month. It's worth reiterating again that cryptocurrencies are notorious for their volatility, which means patterns and trends that are true one month can vary widely the next.

What time of day is crypto most traded? Crypto traders have long debated the best time to trade cryptocurrencies. According to data from on-chain data provider Skew, 3 - 4 PM UTC is when cryptocurrency trading is most intense.

What time of day is crypto most traded? Cryptocurrencies are most commonly traded between 8am to 4pm in local time. While the crypto market is 24/7, your trades are more likely to be executed when there is the highest level of activity.

Mondays are associated with higher returns and volatility in Bitcoin prices. Attention to Bitcoin varies significantly across weekdays. This effect has evolved along with the gradual recognition of Bitcoin worldwide.

As of 2024, Bitcoin's highest price ever recorded is $73,844. However, the price has retreated pretty quickly due to the anticipation of Bitcoin halving (which happened on April 20, 2024) and several other factors.

2013 boom and 2014–15 crash

In November 2013, Bitcoin's price rose to US$1,127.45. It then gradually declined, bottoming out at US$172.15 in January 2015.

If this pattern continues into 2030, the price could peak around 2029 or 2030, potentially aligning with Wood's price prediction. If Wood is correct and Bitcoin reaches $3.8 million, a $100 investment in Bitcoin today would be worth $5,510 in 2030. This translates to a compounded annual growth rate (CAGR) of over 95%.

How much will 1 Bitcoin be worth in 2025? ›

Choosing the appropriate time frame in crypto trading dictates trend identification, entry/exit points, and risk management. Shorter time frames, like minutes or hours, suit day traders seeking quick gains, while longer time frames, such as daily or weekly, are preferred by investors for spotting long-term trends.

Although crypto is traded 24/7, investors usually find the best times of the day to trade are when liquidity is high; these are typically exchange hours – think the London Stock Exchange (LSE) and the New York Stock Exchange (NYSE). Trading activity usually increases around the exchange opening and closing times.

In the past, Bitcoin has recovered from its falls, so this could be a good time to buy Bitcoin. However, it is important to remember that there's no such thing as a guaranteed investment, especially when it comes to cryptocurrencies.

Cryptocurrencies like Bitcoin can experience daily (or even hourly) price volatility. As with any kind of investment, volatility may cause uncertainty, fear of missing out, or fear of participating at all. When prices are fluctuating, how do you know when to buy? In an ideal world, it's simple: buy low, sell high.

Unfortunately, it's also incredibly volatile. For that reason, while current market conditions are favorable for anyone considering buying Bitcoin, it is an asset you should purchase only at your own risk. Because while Bitcoin may have the potential for significant returns, you may also lose most of your investment.

Predicting cryptocurrency price movements is challenging and involves a degree of risk. However, here are some factors to consider when assessing potential for growth: market trends, fundamental analysis, market sentiment, regulatory developments, development activity, adoption and partnerships.