There is love in the air and some cryptocurrency traders will be loving what is trending with the bitcoin price in the market. The Valentine’s Day celebration has a special link with bitcoin as it has heralded its progress since the beginning of the year. Recent bitcoin price analysis has revealed an upsurge of bitcoin price as the leading crypto hit a 10,000 US Dollar mark. This bullish run could lead to the price of bitcoin hitting its all-time high.
Bitcoin price in a bullish Valentine’s Day special
There seems to be a loving connection between Bitcoin price and Valentine’s Day since 2015. Market price analysis for previous years has indicated that some particular days of the week produce favorable returns for market investors.
For instance, Friday trading has been the best day to get high returns on buying bitcoins, as compared to other days of the week. Hence, the trading on this Friday that equally falls on Valentine’s Day is another opportunity for market investors to buy bitcoin and expect high returns on their investment.
Some market analysts are of the opinion that Valentine’s Day is one of the best times, if not the best day for bitcoin price to soar above its all-time price. Therefore, today being Friday is a lovely day presenting a good opportunity for investors to buy bitcoins.
How have Bitcoin, XRP and Ether fared on Valentine’s day?
For bitcoin (BTC), Ether (ETH) and XRP, Valentine’s day have been positive for investors with daily returns on a positive high since 2015. Except in 2019, Bitcoin’s price has been positive.
Similarly, XRP’s price on Valentine’s Day saw an average 3.8 percent return since 2015, with the highest return occurring in 2018. Since 2015, BTC and XRP returns and price patterns have been similar, with each having positive remarks of over 65 percent on every Valentine’s day except in 2019.
Ether (ETH) on the other hand has been available since 2016 and had its highest return in 2017, with a negative return in 2016 and 2019. The average price returns of the three coins have been over 3 percent over the years. If an investor decides to buy any of these cryptos on Valentine’s Day is sure of making a huge return on investments.
Featured image by Pixabay.