Bitcoin Cash (BCH)

Current price: $ 1,345.07

24 hours price change: $ -187.32 (-12.22%)

Daily analysis of Bitcoin Cash (BCH) - 1 month

The performance of Bitcoin Cash regarding the price differs every day. To make the best decision to buy Bitcoin Cash, we are analysis in this article the performance of Bitcoin Cash on the different weekdays. The amounts for this analysis are in USD ($). The analysis is performed on the last 1 month, starting on April 11th, 2021 to May 10th, 2021.

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

Average daily change in price of Bitcoin Cash per weekday between 04/11/2021 and 05/10/2021.

According to the performance of Bitcoin Cash between April 11th, 2021 and May 10th, 2021, Bitcoin Cash performed the best on Wednesdays. On average, the price of Bitcoin Cash increased 4.19% on Wednesday.

The weekday on which the Bitcoin Cash performed the worst, is Saturday. On Saturdays, the Bitcoin Cash declined in value on average by -3.17%.

Bitcoin Cash weekday performance

On Sundays, the Bitcoin Cash decreases in value on average with -0.82%. On most of the Sundays the Bitcoin Cash decreases in value between -6.21% and 4.57%. The uncertainty (5.39%) is higher than the average decline percentage (-0.82%). Therefore, expected range of price changes of the Bitcoin Cash on Sundays is large.

On Mondays, the Bitcoin Cash decreases in value on average with -0.96%. On most of the Mondays the Bitcoin Cash decreases in value between -4.77% and 2.85%. The uncertainty (3.81%) is higher than the average decline percentage (-0.96%). Therefore, expected range of price changes of the Bitcoin Cash on Mondays is large.

The Bitcoin Cash declines in value on an average Tuesday with -2.06%. However, the uncertainty (or standard deviation) is quite large, namely 2.16%. This means that it is not possible to say whether on a regular Tuesday the Bitcoin Cash will increase or decrease in value.

On Wednesdays, the average increase of the value of the Bitcoin Cash is very high. The average increase is 4.19%. The standard deviation of the Bitcoin Cash on Wednesdays is 2.20%. This means that on 68% of the Wednesdays, the Bitcoin Cash increases between 1.99% and 6.39%. The uncertainty is therefore not very high, since on most Wednesdays, the value of the Bitcoin Cash will increase.

On an average Thursday, the Bitcoin Cash increased 0.56%. However, since the expected deviation is 2.15%, the Bitcoin Cash will decline in value on a Thursday quiet regularly. The expected price change of the Bitcoin Cash on a Thursday is between -1.59% and 2.70%.

The increase in value of the Bitcoin Cash is 3.87% on an average Friday. However, the uncertainty on the average change is high for the Bitcoin Cash on Fridays. This is the reason why an expected increase of the Bitcoin Cash on an average Friday cannot be predicted. The standard deviation for Bitcoin Cash on Fridays is high, namely 5.43%. This means that the expected range of value change for the Bitcoin Cash is -1.57% and 9.30% on 68% of the Fridays.

The decrease in value of the Bitcoin Cash is -3.17% on an average Saturday. The uncertainty of the average change is high for the Bitcoin Cash on Saturdays. This means that it is hard to tell whether the Bitcoin Cash will decrease or increase in value on an average Saturday. If we look at the 68% range of the Bitcoin Cash, we see that on 68% of the Saturdays, the expected change of the Bitcoin Cash is between -7.44% and 1.11%.

Bitcoin Cash weekday performance details

Find below the details of the performance of Bitcoin Cash 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 -0.82% 5.39% -6.21% to 4.57%
Monday -0.96% 3.81% -4.77% to 2.85%
Tuesday -2.06% 2.16% -4.22% to 0.10%
Wednesday 4.19% 2.20% 1.99% to 6.39%
Thursday 0.56% 2.15% -1.59% to 2.70%
Friday 3.87% 5.43% -1.57% to 9.30%
Saturday -3.17% 4.27% -7.44% to 1.11%
 

We use cookies on our website. Some of them are essential for the operation of the site, while others help us to improve this site and the user experience (tracking cookies). You can decide for yourself whether you want to allow cookies or not. Please note that if you reject them, you may not be able to use all the functionalities of the site.