CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

What Is The Best Month To Buy Bitcoin?

Bitcoin price trend
Bitcoin's sell-off is intense due to the Omicron virus and traders are booking profit. However, traders are optimistic about December as the price has increased during the past 10 years.

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Bitcoin Sell-off

Bitcoin’s price is trending lower, and it has been trading lower since the last week when the big sell-off took place. Investors didn’t really expect the Bitcoin price to move this low as, generally speaking, Bitcoin prices usually rise during December.

Bitcoin’s Price Gain In December

According to the Kraken Exchange research, Bitcoin produces strong performance during December. The average gain for the BTC for December is 13%, while the median growth during December’s Bitcoin price is 13%.

It is important to keep in mind that December isn’t the strongest month for Bitcoin, i.e., when Bitcoin price soars the most. The month when Bitcoin price rises the most is April. The average gain for the Bitcoin price during April is 46%. September is the worst month for BTC; the average drop in the BTC price for the past ten years is -7%, while the median drop is -8%.

Bitcoin and Volatility- Which Month Has The Highest and Lowest Volatility

As for the bitcoin price volatility, December is quite an important month. This is because Bitcoin’s volatility increases during December. The Bitcoin volatility’s average for the past 10 years is 81%, and the median volatility is 62%. The month when Bitcoin sees the highest volatility is in January, the average increase in volatility is 97%, and the median increase in volatility is 92%. September is known as the month with the lowest volatility, the average volatility is 61%, and the median is 55%.

Source: Kraken Research

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