Bitcoin (BTC)

Current price: $ 42,420.76

24 hours price change: $ 320.76 (0.76%)

Daily analysis of Bitcoin (BTC) - 3 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 3 months, starting on October 18th, 2021 to January 18th, 2022.

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 10/18/2021 and 01/18/2022.

According to the performance of Bitcoin between October 18th, 2021 and January 18th, 2022, Bitcoin performed the best on Fridays. On average, the price of Bitcoin increased 0.55% on Friday.

The weekday on which the Bitcoin performed the worst, is Tuesday. On Tuesdays, the Bitcoin declined in value on average by -0.44%.

Bitcoin weekday performance

Bitcoin increased in value on an average Sunday only slightly. The average increase in value of the Bitcoin was 0.07%. 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 (0.96%). This means that on 68 percent of the Sundays, the change in price of the Bitcoin is expected to be in the range of -0.89% and 1.04%.

Bitcoin increased in value on an average Monday 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 (0.90%). This means that on 68 percent of the Mondays, the change in price of the Bitcoin is expected to be in the range of -0.73% and 1.07%.

Allthough the Bitcoin decreases in value with -0.44% on an average Tuesday, the uncertainty of this decline is large. The standard deviation of the change of Bitcoin on Tuesdays is 1.49%. This means that the expected change of the value of Bitcoin is between -1.93% and 1.05% on 68 out of 100 Tuesdays.

Bitcoin increased in value on an average Wednesday only slightly. The average increase in value of the Bitcoin was 0.28%. 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 (0.39%). This means that on 68 percent of the Wednesdays, the change in price of the Bitcoin is expected to be in the range of -0.10% and 0.67%.

Bitcoin increased in value on an average Thursday 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 (0.42%). This means that on 68 percent of the Thursdays, the change in price of the Bitcoin is expected to be in the range of -0.41% and 0.43%.

On an average Friday, the Bitcoin increased 0.55%. However, since the expected deviation is 1.07%, the Bitcoin will decline in value on a Friday quiet regularly. The expected price change of the Bitcoin on a Friday is between -0.52% and 1.62%.

On an average Saturday, the Bitcoin increased 0.33%. However, since the expected deviation is 0.69%, the Bitcoin will decline in value on a Saturday quiet regularly. The expected price change of the Bitcoin on a Saturday is between -0.36% and 1.02%.

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 0.07% 0.96% -0.89% to 1.04%
Monday 0.17% 0.90% -0.73% to 1.07%
Tuesday -0.44% 1.49% -1.93% to 1.05%
Wednesday 0.28% 0.39% -0.10% to 0.67%
Thursday 0.01% 0.42% -0.41% to 0.43%
Friday 0.55% 1.07% -0.52% to 1.62%
Saturday 0.33% 0.69% -0.36% to 1.02%
 

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