By:| 10 mins | 13/07/2020
Most Julys (8 out of 9) have been in bear markets with a minimum absolute move of 6.17% and a maximum absolute move of 39.43%. Despite the bear markets, 5 out of 9 July’s have closed positive with the lowest gain of 7.69% in 2013 and the highest gain of 39.43% in 2012. The biggest losing years were 2011, 2014 and 2016 being -17.19%, -9.30% and -7.37%, respectively.
What Does This Mean:
Monthly Mean Daily Close (%) : If you transact at the beginning of each day (UTC-4), this will be your average gain/loss over each day.
Monthly Close diff (%) : This is the closing difference of each July.
Absolute max price fluctuation (%) : This is the maximum distance or opportunity that bitcoin moves in that month, from high to low or vice versa, whichever is highest.
Market Cycle : This is the point in where this month situates in the market cycle. It is considered a bear market if Bitcoin is down 60% from ATH. It is considered a bull market if we are making ATHs OR we have NOT declined 60% from ATH.
Up days divided by total days : This tells us if the days in the month have been closing mostly positive or negative.
YTD daily mean close Diff (%) : Although it’s not EXACTLY YTD, we’re considering the beginning of the market at 2011. If you take all the closing differences of all Julys since 2011 and average them out, you get the average gain/loss from transacting at the beginning of each day in July (UTC-4).