Bitcoin price and lunar cycle since the March Coronavirus Crash

19 ביולי 2020

Based on the premise that equity markets have traditionally yielded higher returns in the periods around New Moons, and lower returns around Full Moons, I attempt here to extrapolate this idea to the Bitcoin chart. This roughly suggests downward pressure on the Bitcoin price in the period around Full Moons, and price support around New Moons. I expect there to be big moves in the Bitcoin price -- up or down -- this week.