Bitcoin Pricing and Game of Thrones connection
Strange correlation between Bitcoin price and Game of thrones season airing. Since the inception of Bitcoin, we have never had a bear market during the GOT Season. Every season has had relatively positive movement as explained by the cycle. The biggest of them being in Season 7 in 2017 with a whopping 157% increase between the highs and lows during the cycle. Between Apri 14th, when the first episode was aired, BTC price was in the range of 5040 and between the 2 episodes, the price has already fluctuated to 5623 which is an increase of ~11% already during this season.
The percentage increase during each season from 2014 is detailed below,
63% - 2014 (Season 4)
15% - 2015 (Season 5)
78% - 2016 (Season 6)
157% - 2017 (Season 7)
11%* - 2019 (Season 8)
Call it strange coincidence, but when BTC was down from the all time highs last year, there was no Game of Thrones season, that would have probably broken the pattern. So looking at this trend, we can hope that we see a fairly bullish market during this Season of Game of Thrones as well. Even though this analysis may seem strange, but its nevertheless an interesting correlation. Valar Dohaeris!
PS: The author of this article doesn't advocate buying and selling based on such indicators and this is purely intended only for data correlation purpose. Readers are advised to do their own analysis before investing money.
The percentage increase during each season from 2014 is detailed below,
63% - 2014 (Season 4)
15% - 2015 (Season 5)
78% - 2016 (Season 6)
157% - 2017 (Season 7)
11%* - 2019 (Season 8)
Call it strange coincidence, but when BTC was down from the all time highs last year, there was no Game of Thrones season, that would have probably broken the pattern. So looking at this trend, we can hope that we see a fairly bullish market during this Season of Game of Thrones as well. Even though this analysis may seem strange, but its nevertheless an interesting correlation. Valar Dohaeris!
PS: The author of this article doesn't advocate buying and selling based on such indicators and this is purely intended only for data correlation purpose. Readers are advised to do their own analysis before investing money.
Trade active:
The increase of more than ~60% seems to have validated the theory that April-May is one of the best months for volatility. The market at this point seems to be in a FOMO mode and investors are picking up whenever there is a price drop.
Trade closed: target reached:
65.4% during Season 8 of Game of Thrones.
