Why btc price go down on weekends?

[bamb]

It is not only weekend that bitcoin price goes down, it is traditionally believed in cryptocurrency community that monday is the 'Red Day' for cryptocurrency prices and so many people usually wait for monday in order for them to purchase cheap coin. Cryptocurrency prices always moves in a circle!

[tyuner4]

I don’t think BTC price always go down on weekends only. There are times when BTC price pumped during weekends too. IMO, the movements of BTC price is very much dependent on news and not on certain days.

[czhen]

I agree with you that the price of Bitcoin is influenced by people's desire to invest.
because Bitcoin includes short-term investments.

[fosco333]

I really wondered having that price of btc going down on weekends. Thought and got some overview. Price mostly moves due to supply-demand and so many news and information. In weekend most of the people went to have some relax and release their btc which creates the flow of btc. On the other side, due to vacation mood, people are not interested to invest in any project that reduce the demand. So in this time period demand goes down and supply up. As a result , price goes with demand in the weekend timeline. DO you agree with me? Share your points of objections.


Merit will be highly appreciated if you found the post helpful.

Sometimes peoples sell their coins because they want to use their money for buying something.
for example they bought many amount of coins from last year, and now they want to earn their ROI because
they want to use money by selling their coins.

[RAinery]

I think it does not happen continuously only on weekends only. No one can guess that bitcoin will go down or up because bitcoin is fluctuating. Maybe it's just a coincidence that on weekends you see the price goes down.

[MartiniBlanco]

The bitcoin price is not going down every weekend. I remember a lot of weekends where we had a lot of fomo and all people were buying Bitcoin becaue they thought it will never come down again!

[chiko27]

In cryptocurrency trading when demand is down and inventory rises causing prices to fall. Many people sell coins for the necessities of life, I think the btc decline is reasonable because the cryptocurrency market is fluctuating.

[zlt220]

Well i haven't noticed that, but it could be due to non working day, everyone will be @ home and many we want to dump as much as possible to feed and to take responsibilities of many things, mostly many wants refreshments on weekends.

[TorbjornE]

I looked at the bitcoine price chart and did not notice this correlation, if it was so simple, many would earn money every Monday, buying on Saturday, but this is not.

[feelideb]

Bitcoin has no particular day when it rises or goes down. The dynamic of demand and supply is what is determining the bitcoin prices in the market! If you desire to buy bitcoin cheap and sell high, try and and understand the dynamics of cryptocurrency market.

[johncruze]

I don’t actually agree with you. The cryptocurrency market is always fluctuating. It does not increase or decrease on any specific dates.

[kostya-smrnv]

This is the most stupid assumption, but it may be because holders of bitcoin sell its assets in order to have a good weekend?