The performance of Bitcoin regarding the price differs every day. To make the best decision to buy Bitcoin, we are analysis in this article the performance of Bitcoin on the different weekdays. The amounts for this analysis are in USD ($). The analysis is performed on the last 1 month, starting on August 23rd, 2023 to September 23rd, 2023.
In the barchart below, the weekdays and average performance of Bitcoin are shown side by side.
According to the performance of Bitcoin between August 23rd, 2023 and September 23rd, 2023, Bitcoin performed the best on Fridays. On average, the price of Bitcoin increased 0.17% on Friday.
The weekday on which the Bitcoin performed the worst, is Monday. On Mondays, the Bitcoin declined in value on average by -0.09%.
Bitcoin weekday performance
It is hard to tell whether the Bitcoin will increase or decrease in value on an average Sunday. The average change on a Sunday for the Bitcoin is -0.03%. However, the standard deviation on this weekday is 0.05%. This means that on most Sundays, the change in value of the Bitcoin is between -0.07% and 0.02%.
It is hard to tell whether the Bitcoin will increase or decrease in value on an average Monday. The average change on a Monday for the Bitcoin is -0.09%. However, the standard deviation on this weekday is 0.16%. This means that on most Mondays, the change in value of the Bitcoin is between -0.26% and 0.07%.
It is hard to tell whether the Bitcoin will increase or decrease in value on an average Tuesday. The average change on a Tuesday for the Bitcoin is -0.06%. However, the standard deviation on this weekday is 0.10%. This means that on most Tuesdays, the change in value of the Bitcoin is between -0.16% and 0.04%.
It is hard to tell whether the Bitcoin will increase or decrease in value on an average Wednesday. The average change on a Wednesday for the Bitcoin is -0.03%. However, the standard deviation on this weekday is 0.07%. This means that on most Wednesdays, the change in value of the Bitcoin is between -0.10% and 0.04%.
It is hard to tell whether the Bitcoin will increase or decrease in value on an average Thursday. The average change on a Thursday for the Bitcoin is -0.01%. However, the standard deviation on this weekday is 0.01%. This means that on most Thursdays, the change in value of the Bitcoin is between -0.03% and 0.00%.
The Bitcoin will almost not change or only slightly increase in value on an average Friday. The average change of the Bitcoin on Fridays is 0.17%. The standard deviation of the Bitcoin is 0.17%, which means that in 68% of the Fridays, the range of the change of the Bitcoin is 0.00% and 0.34%. The uncertainty (or variablility) of the expected daily result is low, because the standard deviation is low.
Bitcoin increased in value on an average Saturday only slightly. The average increase in value of the Bitcoin was 0.01%. Allthough the Bitcoin closed a little higher very day compared to the opening, the variability of this result is high, as shown by the standard deviation (0.01%). This means that on 68 percent of the Saturdays, the change in price of the Bitcoin is expected to be in the range of 0.00% and 0.02%.
Bitcoin weekday performance details
Find below the details of the performance of Bitcoin per day of the week. Both the average change in percentage and the standard deviation. The higher the standard deviation is, the higher the variation within the range of average change. Therefore, the 68% range has been added, which represents the change in price on 68% of the days.
| Weekday | Average change (%) | Standard deviation (%) | 68% range |
| Sunday | -0.03% | 0.05% | -0.07% to 0.02% |
| Monday | -0.09% | 0.16% | -0.26% to 0.07% |
| Tuesday | -0.06% | 0.10% | -0.16% to 0.04% |
| Wednesday | -0.03% | 0.07% | -0.10% to 0.04% |
| Thursday | -0.01% | 0.01% | -0.03% to 0.00% |
| Friday | 0.17% | 0.17% | 0.00% to 0.34% |
| Saturday | 0.01% | 0.01% | 0.00% to 0.02% |