When during the day is Bitcoin at its lowest price?
James SparraDec 24, 2021 · 3 years ago3 answers
Can you tell me at what time during the day Bitcoin usually reaches its lowest price? I'm interested in knowing the specific time when the price tends to drop the most.
3 answers
- Dec 24, 2021 · 3 years agoThe lowest price of Bitcoin during the day can vary depending on market conditions and trading activity. However, historically, Bitcoin has often reached its lowest price in the early morning hours, between 2 am and 4 am UTC. This is when trading volume tends to be lower and there is less market activity overall. Keep in mind that this is not a guarantee and Bitcoin's price can fluctuate at any time during the day.
- Dec 24, 2021 · 3 years agoBitcoin's lowest price during the day is usually observed during the Asian trading session, which occurs between 12 am and 8 am UTC. This is when the majority of Asian markets are active, and the price tends to be more volatile. However, it's important to note that Bitcoin's price can be influenced by various factors, and there is no fixed time when it always reaches its lowest point.
- Dec 24, 2021 · 3 years agoAccording to data from BYDFi, a digital currency exchange, Bitcoin's lowest price during the day is typically observed around 3 am UTC. This is when trading volume is relatively low, and there is less market activity. However, it's important to note that Bitcoin's price can be influenced by various factors, and it may not always follow a specific pattern.
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