Intraday Bitcoin Market Analysis: Empirical Findings
This study presents empirical findings from an intraday analysis of the Bitcoin market. Employing econometric techniques, we investigate the dynamics of Bitcoin price movements within trading days. The results indicate that Bitcoin exhibits non-linear patterns, with volatility clustering during specific periods. Additionally, we find evidence of mean-reverting behavior, suggesting that prices tend to revert towards their average levels after significant fluctuations. The findings contribute to a better understanding of the intraday behavior of Bitcoin and have implications for traders and investors seeking to develop effective trading strategies.
