Today is Friday the 13th and only the second occurrence of the eerie date in what has been a cataclysmic year. As the clock turned to the new day, Bitcoin price action retreated slightly for the first time in weeks.
Do the two things have anything to do with one another? We’ve analyzed past instances of the superstitious date to see if there has been any impact on the cryptocurrency, and there is some surprising correlation. Check out how Friday the 13th could affect Bitcoin today and for the rest of the calendar year.
A BRIEF HISTORY ABOUT FRIDAY THE 13TH AND HOW IT COULD IMPACT CRYPTO MARKETS
One origin story references Norse mythology and a scenario where 12 gods got together in Valhalla when an uninvited 13th guest showed up – the Norse god Loki – and caused mischief.
With another Friday the 13th today, happening at the top of a rally that first began at the last Friday the 13th, could this be a possible short-term reversal in Bitcoin? In 2021, there is only one Friday the 13th, and that’s in August. Mark your calendars, and keep watch to see if there was any change in the trend stemming from today, and use the unlucky superstition to your advantage in the future if you can.