{"id":429448,"date":"2020-07-04T15:00:51","date_gmt":"2020-07-04T15:00:51","guid":{"rendered":"https:\/\/wncen.com\/?p=429448"},"modified":"2024-06-11T11:27:21","modified_gmt":"2024-06-11T11:27:21","slug":"independence-day-bitcoin-july-4","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/independence-day-bitcoin-july-4\/","title":{"rendered":"Financial Independence Day: 268% Average ROI Buying Bitcoin On July 4"},"content":{"rendered":"
All across the United States, American Bitcoin investors are stepping away from their trading desks to celebrate.<\/p>\n
In addition to celebrating the country\u2019s independence, they can also celebrate the on average 268% ROI Bitcoin brings from holiday to holiday. Will the next 365 days in crypto market price action lead to even more financial independence for holders?<\/p>\n
Markets are cyclical and history, trends, and more often come back around. Certain seasonably is said to also exist in financial markets.<\/p>\n
It\u2019s where the phrase \u201csell in May and go away,\u201d or \u201cthe Halloween effect\u201d came from.<\/p>\n
Related Reading | Research Shows That Holidays Cause FOMO Fireworks in Crypto Price Charts<\/a><\/strong><\/em><\/p>\n Holidays themselves have shown to have a dramatic impact on Bitcoin price. Whether it\u2019s the low liquidity on holidays due to traders being busy or chatter at the dinner table, the asset can react powerfully.<\/p>\n It was after Thanksgiving in 2017 that Bitcoin exploded from $10,000 to $20,000.<\/p>\n This weekend across the United States, American citizens will be celebrating the country’s birthday and independence as a new country. The 4th of July holiday is among the most celebrated in the States.<\/p>\n With Bitcoin price once again flirting with $10,000, with $20,000 a possible target, will we see fireworks this Independence Day?<\/p>\n <\/p>\n According to a review of price action ranging from each Independence Day to the next, buying Bitcoin can bring financial independence.<\/p>\n Dating back a decade, on average, data shows that buying BTC on July 4 and holding it for a year results in an average return of 268%.<\/p>\n Data indicates that only three out of all years analyzed did Bitcoin decline year over year on July 4. All other times the first-ever cryptocurrency had a large return for saavy investors.<\/p>\nBitcoin BTCUSD Independence Day ROI Chart | Source: TradingView<\/a><\/pre>\n
Buying Bitcoin On Independence Day Results In Financial Freedom<\/h2>\n