Bitcoin (BTC)

Current price: $ 67,989.45

24 hours price change: $ 4,320.02 (6.79%)

Daily analysis of Bitcoin (BTC) - 1 month

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 February 5th, 2024 to March 5th, 2024.

In the barchart below, the weekdays and average performance of Bitcoin are shown side by side.

Average daily change in price of Bitcoin per weekday between 02/05/2024 and 03/05/2024.

According to the performance of Bitcoin between February 5th, 2024 and March 5th, 2024, Bitcoin performed the best on Wednesdays. On average, the price of Bitcoin increased 2.23% on Wednesday.

The weekday on which the Bitcoin performed the worst, is Thursday. On Thursdays, the Bitcoin declined in value on average by -0.25%.

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 -0.14%. However, the standard deviation on this weekday is 0.17%. This means that on most Sundays, the change in value of the Bitcoin is between -0.31% and 0.03%.

Bitcoin increased in value on an average Monday only slightly. The average increase in value of the Bitcoin was 0.13%. 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 (0.42%). This means that on 68 percent of the Mondays, the change in price of the Bitcoin is expected to be in the range of -0.29% and 0.54%.

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 -0.07%. However, the standard deviation on this weekday is 0.27%. This means that on most Tuesdays, the change in value of the Bitcoin is between -0.34% and 0.21%.

On an average Wednesday the Bitcoin shows an increase in value of 2.23%. However, the change of Bitcoin on most of the Wednesdays is between -1.99% and 6.44%. Therefore it is hard to tell whether an average Wednesday is a good day to start buying Bitcoins.

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 -0.25%. However, the standard deviation on this weekday is 1.24%. This means that on most Thursdays, the change in value of the Bitcoin is between -1.49% and 0.99%.

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 0.23%. The standard deviation of the Bitcoin is 0.22%, which means that in 68% of the Fridays, the range of the change of the Bitcoin is 0.01% and 0.45%. The uncertainty (or variablility) of the expected daily result is low, because the standard deviation is low.

It is hard to tell whether the Bitcoin will increase or decrease in value on an average Saturday. The average change on a Saturday for the Bitcoin is -0.04%. However, the standard deviation on this weekday is 0.20%. This means that on most Saturdays, the change in value of the Bitcoin is between -0.24% and 0.16%.

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 -0.14% 0.17% -0.31% to 0.03%
Monday 0.13% 0.42% -0.29% to 0.54%
Tuesday -0.07% 0.27% -0.34% to 0.21%
Wednesday 2.23% 4.21% -1.99% to 6.44%
Thursday -0.25% 1.24% -1.49% to 0.99%
Friday 0.23% 0.22% 0.01% to 0.45%
Saturday -0.04% 0.20% -0.24% to 0.16%
 

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