Bitcoin (BTC)

Current price: $ 9,193.73

24 hours price change: $ -107.48 (-1.16%)

Daily analysis of Bitcoin (BTC) - 6 months

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 6 months, starting on January 10th, 2020 to July 9th, 2020.

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 01/10/2020 and 07/09/2020.

According to the performance of Bitcoin between January 10th, 2020 and July 9th, 2020, 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 Sunday. On Sundays, the Bitcoin declined in value on average by -0.24%.

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 -0.24%. However, the standard deviation on this weekday is 1.84%. This means that on most Sundays, the change in value of the Bitcoin is between -2.08% and 1.61%.

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 -0.04%. However, the standard deviation on this weekday is 1.04%. This means that on most Mondays, the change in value of the Bitcoin is between -1.08% and 1.01%.

Bitcoin increased in value on an average Tuesday only slightly. The average increase in value of the Bitcoin was 0.03%. 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 (0.92%). This means that on 68 percent of the Tuesdays, the change in price of the Bitcoin is expected to be in the range of -0.89% and 0.96%.

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 0.62%. This means that on most Wednesdays, the change in value of the Bitcoin is between -0.66% and 0.59%.

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 -0.22%. However, the standard deviation on this weekday is 0.61%. This means that on most Thursdays, the change in value of the Bitcoin is between -0.83% and 0.38%.

Bitcoin increased in value on an average Friday only slightly. The average increase in value of the Bitcoin was 0.17%. 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 (0.60%). This means that on 68 percent of the Fridays, the change in price of the Bitcoin is expected to be in the range of -0.42% and 0.77%.

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 -0.14%. However, the standard deviation on this weekday is 0.68%. This means that on most Saturdays, the change in value of the Bitcoin is between -0.81% and 0.54%.

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 -0.24% 1.84% -2.08% to 1.61%
Monday -0.04% 1.04% -1.08% to 1.01%
Tuesday 0.03% 0.92% -0.89% to 0.96%
Wednesday -0.03% 0.62% -0.66% to 0.59%
Thursday -0.22% 0.61% -0.83% to 0.38%
Friday 0.17% 0.60% -0.42% to 0.77%
Saturday -0.14% 0.68% -0.81% to 0.54%
 

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