RATE Group | TGIF: Do Fridays Foretell Future Movements in Bitcoin Price and Other Crypto?
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TGIF: Do Fridays Foretell Future Movements in Bitcoin Price and Other Crypto?

08 Nov TGIF: Do Fridays Foretell Future Movements in Bitcoin Price and Other Crypto?

Posted at 18:21h in Bitcoin News by

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It’s Friday, and Bitcoin price is once again falling, breaking below $9,000 and trading at $8,750 currently.

According to one legendary trader, where an asset closes on a Friday can often predict the future performance of the asset. Is there any truth to the theory that could benefit crypto traders? Recent performance appears to suggest there’s validity to support the idea.

Gann You Beleive It? Fridays May Predict The Future of Bitcoin Price

Investors and traders of crypto assets like Bitcoin, or any financial asset for that matter, often use detailed fundamental and technical analysis to attempt to predict the future performance of the asset they’re interested in.

Related Reading | Gann Theory Suggests Bitcoin Price at “Do or Die” Moment, Important Pivot Ahead 

However, there’s also a smaller subset of analysts that use other alternative and more unorthodox methods to gain an advantage in the market. One such method involves paying close attention to specific dates and…

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