Bitcoin Cash (BCH)

Current price: $ 499.41

24 hours price change: $ 59.31 (13.48%)

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 February 1st, 2021 to March 1st, 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 02/01/2021 and 03/01/2021.

According to the performance of Bitcoin Cash between February 1st, 2021 and March 1st, 2021, Bitcoin Cash performed the best on Saturdays. On average, the price of Bitcoin Cash increased 3.75% on Saturday.

The weekday on which the Bitcoin Cash performed the worst, is Monday. On Mondays, the Bitcoin Cash declined in value on average by -1.07%.

Bitcoin Cash weekday performance

Bitcoin Cash increased in value on an average Sunday only slightly. The average increase in value of the Bitcoin Cash was 0.03%. Allthough the Bitcoin Cash closed a little higher very day compared to the opening, the variability of this result is high, as shown by the standard deviation (3.53%). This means that on 68 percent of the Sundays, the change in price of the Bitcoin Cash is expected to be in the range of -3.50% and 3.56%.

The Bitcoin Cash declines in value on an average Monday with -1.07%. However, the uncertainty (or standard deviation) is quite large, namely 2.87%. This means that it is not possible to say whether on a regular Monday the Bitcoin Cash will increase or decrease in value.

Bitcoin Cash increased in value on an average Tuesday only slightly. The average increase in value of the Bitcoin Cash was 0.08%. Allthough the Bitcoin Cash closed a little higher very day compared to the opening, the variability of this result is high, as shown by the standard deviation (1.00%). This means that on 68 percent of the Tuesdays, the change in price of the Bitcoin Cash is expected to be in the range of -0.91% and 1.08%.

Bitcoin Cash increased in value on an average Wednesday only slightly. The average increase in value of the Bitcoin Cash was 0.18%. Allthough the Bitcoin Cash 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 Wednesdays, the change in price of the Bitcoin Cash is expected to be in the range of -0.78% and 1.14%.

On an average Thursday the Bitcoin Cash shows a high increase in value, namely 1.12%. The standard deviation is below the average increase percentage (standard deviation is 0.71%), meaning that on 68% of the Thursdays the Bitcoin Cash will increase with a percentage between 0.41% and 1.83%. This also means that, on average, on 16 percent of the Thursdays, the Bitcoin Cash will increase with a percentage above this range. On the other 16% of the Thursdays, the Bitcoin Cash will change with a percentage below the 0.41%.

Allthough the Bitcoin Cash decreases in value with -0.32% on an average Friday, the uncertainty of this decline is large. The standard deviation of the change of Bitcoin Cash on Fridays is 1.72%. This means that the expected change of the value of Bitcoin Cash is between -2.04% and 1.41% on 68 out of 100 Fridays.

The increase in value of the Bitcoin Cash is 3.75% on an average Saturday. However, the uncertainty on the average change is high for the Bitcoin Cash on Saturdays. This is the reason why an expected increase of the Bitcoin Cash on an average Saturday cannot be predicted. The standard deviation for Bitcoin Cash on Saturdays is high, namely 6.96%. This means that the expected range of value change for the Bitcoin Cash is -3.21% and 10.70% on 68% of the Saturdays.

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 0.03% 3.53% -3.50% to 3.56%
Monday -1.07% 2.87% -3.94% to 1.79%
Tuesday 0.08% 1.00% -0.91% to 1.08%
Wednesday 0.18% 0.96% -0.78% to 1.14%
Thursday 1.12% 0.71% 0.41% to 1.83%
Friday -0.32% 1.72% -2.04% to 1.41%
Saturday 3.75% 6.96% -3.21% to 10.70%
 

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